A Better Standard for Credit Risk
A new metric uses publicly disclosed bank information to better predict credit losses from loans.
Luring the Informed Investor
Does investor sophistication correlate with firms’ disclosure activities?
Accounting and Systemic Risk
Professors Trevor Harris and Doron Nissim and Executive-in-Residence Robert Herz discuss their new paper on accounting's role in reporting, creation, and reduction of systemic risk at financial institutions and across the financial system.
Valuing Insurance Firms
New research shows which relative valuation models are best applied to insurance companies.
Fair Value, Risky Business
Does fair-value accounting contribute to systemic risk in the banking industry?
The Value of an Invisible Guarantee
Better, more accurate disclosure of securitization transactions may help to reduce uncertainty about the value of financial institutions.
Hide and Seek with Earnings Management
New research suggests that Sarbanes-Oxley has increased companies' focus on cash management, resulting in camouflaged earnings management.
How Private Equity Tackles Taxes
Private equity firms sidestep earnings management, but use other aggressive tax planning practices that produce big tax savings for portfolio firms.
Accounting for Value
In a new book, Stephen Penman offers investors common-sense guidance for using accounting to get at valuation.