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Return Bias in Employee-Owned Firms

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Outgoing claims: the papers this work cites, builds on, or argues with.

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Accounting choice in troubled companies
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ESOPs and corporate control
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The cash flow and informational effects of employee stock ownership plans
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The effect of stock option repricing on employee turnover
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The economic implications of corporate financial reporting
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The contracting benefits of accounting conservatism to lenders and borrowers
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Shareholder litigation and changes in disclosure behavior
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Pension plan accounting estimates and the freezing of defined benefit pension plans
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Understanding earnings quality: A review of the proxies, their determinants and their consequences
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Labor unemployment insurance and earnings management
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Modeling the determinants of meet-or-just-beat behavior in distribution discontinuity tests
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Why do some firms give stock options to all employees?: An empirical examination of alternative theories
inferredcites →https://doi.org/10.1016/j.jfineco.2007.05.008openalex-snapshot
Analyst coverage and earnings management
inferredcites →https://doi.org/10.1016/j.jfineco.2014.09.002openalex-snapshot
Non-executive employee stock options and corporate innovation
inferredcites →https://doi.org/10.1016/j.jfineco.2017.07.006openalex-snapshot
Employee bargaining power, inter-firm competition, and equity-based compensation
inferredcites →https://doi.org/10.1016/j.jfineco.2017.10.007openalex-snapshot
The option to quit: The effect of employee stock options on turnover
inferredcites →https://doi.org/10.1016/j.jfineco.2018.04.015openalex-snapshot
Squaring venture capital valuations with reality
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The structure and performance consequences of equity grants to employees of new economy firms
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Earnings disclosures and stockholder lawsuits
inferredcites →https://doi.org/10.1016/s0165-4101(98)00016-0openalex-snapshot
Underwriting relationships, analysts' earnings forecasts and investment recommendations
inferredcites →https://doi.org/10.1016/s0304-405x(01)00062-9openalex-snapshot
Stock option plans for non-executive employees
inferredcites →https://doi.org/10.1016/s0304-405x(03)00121-1openalex-snapshot
Earnings management and investor protection: an international comparison
inferredcites →https://doi.org/10.1017/s0022109013000380openalex-snapshot
Probability Weighting and Employee Stock Options
inferredcites →https://doi.org/10.1080/00014788.1987.9729789openalex-snapshot
The Determinants of the Value of Unlisted Shares: Opinions of Professional Valuers in Canada
inferredcites →https://doi.org/10.1080/00014788.1988.9729371openalex-snapshot
The Role of Accounting Information in Valuing Unlisted Shares
inferredcites →https://doi.org/10.1080/00014788.2017.1303962openalex-snapshot
Why regulate private firm disclosure and auditing?
inferredcites →https://doi.org/10.1080/02692171.2025.2603577openalex-snapshot
Assessing the risks of ESOPs for employees, managers, and business owners
inferredcites →https://doi.org/10.1086/209601openalex-snapshot
Earnings Management to Exceed Thresholds
inferredcites →https://doi.org/10.1086/380085openalex-snapshot
Save More Tomorrow™: Using Behavioral Economics to Increase Employee Saving
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How Americans Respond to Idiosyncratic and Exogenous Changes in Household Wealth and Unearned Income
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Adjustment Costs, Firm Responses, and Micro vs. Macro Labor Supply Elasticities: Evidence from Danish Tax Records
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Conflict of Interest and the Credibility of Underwriter Analyst Recommendations
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Incentives, Targeting, and Firm Performance: An Analysis of Non-executive Stock Options
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Firm Survival and Performance in Privately Held ESOP Companies
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Can “Big Bath” and Earnings Smoothing Co‐exist as Equilibrium Financial Reporting Strategies?
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Economic Growth and Financial Statement Verification
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The Silent Majority: Private U.S. Firms and Financial Reporting Choices
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Financial Reporting and Employee Job Search
inferredcites →https://doi.org/10.1111/1911-3846.12104openalex-snapshot
Audits of Complex Estimates as Verification of Management Numbers: How Institutional Pressures Shape Practice
inferredcites →https://doi.org/10.1111/1911-3846.12480openalex-snapshot
Mind the Gap: Why Do Experts Have Differences of Opinion Regarding the Sufficiency of Audit Evidence Supporting Complex Fair Value Measurements?
inferredcites →https://doi.org/10.1111/1911-3846.12765openalex-snapshot
The Production of Value Opinions by Specialized Valuers: Practical Sense and the Enactment of Judgment*
inferredcites →https://doi.org/10.1111/j.1468-5957.1996.tb01130.xopenalex-snapshot
VALUATION OF CLOSELY‐HELD FIRMS: A SURVEY
inferredcites →https://doi.org/10.1111/j.1475-6803.2004.00076.xopenalex-snapshot
Equity‐Based Compensation for Employees: Firm Performance and Determinants
inferredcites →https://doi.org/10.1111/j.1540-6261.1995.tb04052.xopenalex-snapshot
Covenants and Collateral as Incentives to Monitor
inferredcites →https://doi.org/10.1111/j.1540-6261.2008.01430.xopenalex-snapshot
Share Repurchases and Pay‐Performance Sensitivity of Employee Compensation Contracts
inferredcites →https://doi.org/10.1111/j.1540-6261.2009.01500.xopenalex-snapshot
Do Hedge Fund Managers Misreport Returns? Evidence from the Pooled Distribution
inferredcites →https://doi.org/10.1111/j.1911-3846.1998.tb00547.xopenalex-snapshot
The Effect of Audit Quality on Earnings Management*
inferredcites →https://doi.org/10.1111/j.1911-3846.1998.tb00554.xopenalex-snapshot
Bias and Accuracy of Management Earnings Forecasts: An Evaluation of the Impact of Auditing*
inferredcites →https://doi.org/10.1111/jofi.12150openalex-snapshot
Broad‐Based Employee Stock Ownership: Motives and Outcomes
inferredcites →https://doi.org/10.1162/003355398555559openalex-snapshot
Fiscal Year Ends and Nonlinear Incentive Contracts: The Effect on Business Seasonality
inferredcites →https://doi.org/10.1162/rest.2010.11182openalex-snapshot
The Effect of Inheritance Receipt on Retirement
inferredcites →https://doi.org/10.1177/0148558x9801300203openalex-snapshot
The Association between Auditor Quality and Auditor Size: An Analysis of Small CPA Firms
inferredcites →https://doi.org/10.1177/0956797610391098openalex-snapshot
Round Numbers as Goals
inferredcites →https://doi.org/10.1287/mnsc.2015.2226openalex-snapshot
Do Nonexecutive Employees Have Valuable Information? Evidence from Employee Stock Purchase Plans
inferredcites →https://doi.org/10.1287/mnsc.2021.4199openalex-snapshot
Employee Turnover and Firm Performance: Large-Sample Archival Evidence
inferredcites →https://doi.org/10.1287/mnsc.2022.02072openalex-snapshot
Rank-and-File Employee Stock Options and Workplace Safety
inferredcites →https://doi.org/10.2307/1914185openalex-snapshot
Prospect Theory: An Analysis of Decision under Risk
inferredcites →https://doi.org/10.2307/2491047openalex-snapshot
Earnings Management During Import Relief Investigations
inferredcites →https://doi.org/10.2307/2491386openalex-snapshot
Why Firms Voluntarily Disclose Bad News
inferredcites →https://doi.org/10.2307/2491414openalex-snapshot
Market Rewards Associated with Patterns of Increasing Earnings
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Efficient Capital Markets, Inefficient Firms: A Model of Myopic Corporate Behavior
inferredcites →https://doi.org/10.2308/accr-50320openalex-snapshot
Economic Consequences of Mandated Accounting Disclosures: Evidence from Pension Accounting Standards
inferredcites →https://doi.org/10.2308/accr-50962openalex-snapshot
Selection Benefits of Stock-Based Compensation for the Rank-and-File
inferredcites →https://doi.org/10.2308/accr-52355openalex-snapshot
Litigation Risk and Voluntary Disclosure: Evidence from Legal Changes
inferredcites →https://doi.org/10.2308/accr-52519openalex-snapshot
What Do Employees Know? Evidence from a Social Media Platform
inferredcites →https://doi.org/10.2308/accr.2002.77.3.483openalex-snapshot
Management's Incentives to Avoid Negative Earnings Surprises
inferredcites →https://doi.org/10.2308/accr.2002.77.s-1.71openalex-snapshot
The Relation between Auditors' Fees for Nonaudit Services and Earnings Management
inferredcites →https://doi.org/10.2308/accr.2005.80.2.441openalex-snapshot
Equity Incentives and Earnings Management
inferredcites →https://doi.org/10.2308/accr.2006.81.5.1119openalex-snapshot
Do Venture Capitalists Influence the Decision to Manage Earnings in Initial Public Offerings?
inferredcites →https://doi.org/10.2308/accr.2006.81.5.983openalex-snapshot
The Importance of Reporting Incentives: Earnings Management in European Private and Public Firms
inferredcites →https://doi.org/10.2308/accr.2009.84.1.1openalex-snapshot
The Demand for Financial Statements in an Unregulated Environment: An Examination of the Production and Use of Financial Statements by Privately Held Small Businesses
inferredcites →https://doi.org/10.2308/atax-50460openalex-snapshot
Asset and Business Valuation in Estate Tax Cases: The Role of the Courts
inferredcites →https://doi.org/10.2308/tar-2018-0139openalex-snapshot
Lender Monitoring and the Efficacy of Managerial Risk-Taking Incentives
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Private Equity Fund Reporting Quality, External Monitors, and Third-Party Service Providers
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Why Wages Don't Fall during a Recession
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