A Reexamination of Corporate Governance and Equity Prices

By Shane A. Johnson, Theodore C. Moorman, Sorin M. Sorescu. 2009

194 citations recorded by the source corpus.

Subfields: Accounting, Finance

View Paper: https://www.semanticscholar.org/paper/e8b68ee808ce8b2603347717ae4aeaa540d21616

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. Ronen Israel
2. Clifford S. Asness
3. Lasse Heje Pedersen
4. Tobias J. Moskowitz
5. Andrea Frazzini
6. Robert Novy-Marx
7. Nicholas Barberis
8. Avanidhar Subrahmanyam

In Finance

1. Lasse Heje Pedersen
2. Tobias J. Moskowitz
3. Clifford S. Asness
4. Andrea Frazzini
5. Ronen Israel
6. Robert Novy-Marx
7. Nicholas Barberis
8. Avanidhar Subrahmanyam

Citations in the corpus

• Does Mandatory Adoption of IFRS improve Accounting Quality? Preliminary Evidence (2013, unknown): “We match without replacement in order to minimize the following “penalty score” (Johnson, Moorman, and Sorescu 2009): ððMVI MVBÞ=MVIÞ2 þ ððBTMI BTMBÞ=BTMIÞ2 þ ððNII NIBÞ=NIIÞ2 This algorithm allows us to simultaneously match over three dimensions with the score penalizing potential matches as the…”
• The Cross-Section of Expected Stock Returns: What Have We Learnt from the Past Twenty-Five Years of Research? (2010, unknown): “However, Johnson et al. (2009) (JMS) indicate that the GIM results are sensitive to the methods used in the study; specifically, JMS take issue with the industry controls in GIM.”
• Size matters, if you control your junk (2018, background): “…risk ( Altman, 1968; Ohlson, 1980; Campbell et al., 2008 ), and good governance ( Gompers et al., 2003; Bebchuk et al., 2009; Core et al., 2006; Cremers and Nair, 2005; Giroud and Mueller, 2011; Johnson et al., 2009 ); see also Cremers and Ferrell (2014) and Larcker et al. (2015) for reviews.”
• The Market Reaction to Corporate Governance Regulation (2010, unknown): “3 See, among others, Bhagat and Jefferis (2005), Core, Guay, and Rusticus (2006), Larcker, Richardson, and Tuna (2007), Bhagat, Bolton, and Romano (2008), and Johnson, Moorman, and Sorescu (2009).”
• Information Asymmetry and Corporate Governance (2015, unknown): “In contrast, Lehn et al. (2007) argue for the reverse causality between governance and performance.”
• Did Good Corporate Governance Improve Bank Performance during the Financial Crisis? (2011, unknown): “Consistent with the prior literature (see e.g., Ammann et al. 2011; Brown and Caylor 2006; Cremers and Ferrell 2010; Gompers et al. 2003; Johnson et al. 2009), our estimates indicate that the strength of corporate governance is positively associated with market valuations, as the coefficient…”