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Indiana University Bloomington
Sam Frumer Professor of Accounting

PUBLISHED PAPERS

GUEST EDITORIALS

  1. "New Directions in Earnings Management and Financial Statement Fraud Research" European Accounting Review, 2016 (with I. De Beelde).

  2. "A Call for Papers: Earnings Management" Journal of Accounting and Public Policy, Spring 1998, 1:85-88.

REFEREED PUBLICATIONS

  1. "Stock Prices and the Dissemination of Analysts' Recommendations" Journal of Business, July 1991, 64: 393-416.

  2. "The Effect of Regulatory Changes in the Airline Industry on Shareholders' Wealth," Journal of Law and Economics, October 1991, 34:395-430.
    Reprinted in Privatization and Globalization: The Changing Role of the State in Business, Edited by S.R. Mudambi, Northampton, MA: Edward Edgar Publishing, 2003

  3. "Corporate Codes of Conduct: Economic Determinants and Legal Implications for Auditors," Journal of Accounting and Public Policy, Spring 1993, 12:3-35 (with R. Chatov).

  4. "Costs of Technical Violation of Accounting-Based Debt Covenants," The Accounting Review, April 1993, 68:233-257. (with E. Press)

  5. "Nonprice Competition, Cost Shocks, and Profitability in the Airline Industry" Research in Transportation Economics, 1994, 3:67-93 (with J. Moore)

  6. "The Resolution of Technical Default," The Accounting Review, April 1995, 70:337-353 (with E. Press)

  7. "Information Costs and Liquidity Effects in the Dow Jones Industrial Average Listing Changes," Journal of Financial and Quantitative Analysis, March 1995, 30:135-157 (with J. Gardner)

  8. "Interrelation among Events of Default" Contemporary Accounting Research, Fall 1995, 12:57-84 (with E. Press)

  9. "An Anatomy of the S&P Game: The Effect of Changing the Rules" Journal of Finance, December 1996, 51:1909-1930 (with R. Whaley)

  10. "A Scorecard from the S&P Game" Journal of Portfolio Management, Winter 1997, 23:16-23 (with R. Whaley).

  11. "Detecting GAAP Violation: Implications for Assessing Earnings Management Among Firms with Extreme Financial Performance" Journal of Accounting and Public Policy, Fall 1997, 3:271-309.
     
  12. Discussion of "Are Accruals during Initial Public Offerings Opportunistic?" Review of Accounting Studies, 1998, 3:209-221.

  13. "Measurement Error and Nonlinearity in the Earnings-Returns Relation", Review of Quantitative Finance and Accounting, November 1998, 3:219-247 (with C. Harvey).

  14. "Incentives and Penalties Related to Earnings Overstatements That Violate GAAP" The Accounting Review, 1999 (4):425-457. [FARS 2002 Best Paper Award]

  15. "Whisper Forecasts of Quarterly Earnings per Share" Journal of Accounting and Economics, 1999, 28 (1):27-50 (with M. Bagnoli and S. Watts). 
    The American Association of Individual Investors (AAII) was allowed by Elsevier to publish a short version of this study. "Earnings Expectations: Should You Listen to the Whispers?" by Bagnoli, Beneish, and Watts appeared in the AAII Journal, June 2000, 22 (5): 11-14.

  16. "The Detection of Earnings Manipulation." Financial Analysts’ Journal, 1999, 55(5):24-36.

  17. "A Note on Wiedman’s (1999) Instructional Case: Detecting Earnings Manipulation" Issues in Accounting Education, 1999, 14:369-370.

  18. "Earnings Management: A Perspective." Managerial Finance, 2001 (27):3-17.

  19. "Contextual Fundamental Analysis in the Prediction of Extreme Returns" The Review of Accounting Studies, 2001 (2/3):165-191 (with C. Lee and R. Tarpley).

  20.  "Insider Trading, Earnings Quality, and Accrual Mispricing" The Accounting Review 2002, (4):755-791 (with M. Vargus) 

  21.  "S&P 500 Replacements" Journal of Portfolio Management, 2002:1-10 (with R. Whaley).

  22.  "Information friction and investor home bias:  A perspective on the effect of global IFRS adoption on the extent of equity home bias." Journal of Accounting and Public Policy November/December 2008: 433-443 (with T. Yohn). 

  23. "Do Auditor Resignations Reduce Uncertainty About the Quality of Firms’ Financial Reporting?" Journal of Accounting and Public Policy 2005 (5):  357-390 (with P. Hopkins, I. Jansen, and R. Martin).   

  24. "Diversification to Mitigate Expropriation in the Tobacco Industry" Journal of Financial Economics July 2008: 136-157 (with I. Jansen, M. Lewis and N. Stuart).

  25. Internal Control Weaknesses and Information Uncertainty." The Accounting Review May 2008: 665-703 (with M. Billings and L. Hodder).

  26. "Insider Trading and Earnings Management in Distressed Firms."  Contemporary Accounting Research- Spring 2012: 191-220 (with E. Press and M. Vargus). 

  27. "Earnings Manipulation and Expected Returns." Financial Analysts Journal-March/April2013:57-82 (with C. Lee and D. Nichols). 

  28. "Macroeconomic Evidence on the Impact of Mandatory IFRS Adoption on Equity and Debt Markets" Journal of Accounting and Public Policy-Jan.-Feb. 2015:1-27 (with B. Miller and T. Yohn).

  29. "In short supply:  Short-sellers and stock returns." Journal of Accounting and Economics 60, 2015:33-57 (with C. Lee and D. Nichols).
    Roger F. Murray Prize (2nd place) in the Q-Group's Fall 2014 seminar. 

  30. “Explaining CEO Retention in Misreporting Firms” Forthcoming, Journal of Financial Economics, (with C.D. Marshall and J. Yang).