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Full-Text Articles in Business

How Relevant Is The Disclosure Of A Ceo Pay Ratio?, Addison Stanfill Dec 2015

How Relevant Is The Disclosure Of A Ceo Pay Ratio?, Addison Stanfill

Accounting Undergraduate Honors Theses

An aftershock of the so called “Great Recession” in 2008, the Dodd-Frank Wall Street Reform and Consumer Protection Act effective July 21, 2010 aimed to increase the transparency of public companies. Section 953(b) of this act is targeting the transparency of executive and employee compensation by requiring the disclosure of a CEO to median employee pay ratio. This disclosure requirement, set to affect all filings with a fiscal year beginning after January 1, 2017, was a response to the public outcry against excessive CEO compensation. Although it does promote the transparency initiative of the Dodd-Frank Act, this disclosure may be …


Do Analysts Understand Momentum? Evidence From Target Prices, Benjamin Carl Anderson Jul 2015

Do Analysts Understand Momentum? Evidence From Target Prices, Benjamin Carl Anderson

Graduate Theses and Dissertations

Target prices are analysts’ forecasts of a firm’s stock price. Although target prices can be used to help market participants make investment decisions, much is still unknown about how analysts make these forecasts. Because prior literature documents momentum in stock returns, in this paper, I examine whether target prices reflect the information in returns over the six months prior to the target price announcement date. I find that target prices systematically underestimate the persistence of these six month returns. I further find that the forecasted return in target price revisions is more pessimistic following periods of very good stock performance …


The Determinants And Consequences Of Disclosure Committee Adoption, Lyle Roy Schmardebeck Jul 2015

The Determinants And Consequences Of Disclosure Committee Adoption, Lyle Roy Schmardebeck

Graduate Theses and Dissertations

After the passage of the Sarbanes-Oxley Act of 2002, the Securities and Exchange Commission recommended that companies voluntarily adopt disclosure committees to aid in preparing company disclosures. In this paper, I investigate the determinants and consequences of disclosure committee adoption. I find that companies with material weaknesses in internal controls over financial reporting and less readable 10-K filings are more likely to adopt disclosure committees. In consequences analyses, using a propensity score matched control sample and a difference-in-differences research design, I find that 10-K filings are longer and less readable after disclosure committee adoption. However, consistent with institutional theory, I …


Does Corporate Inversion Lead To Tax Savings?, Nathan P. Downs May 2015

Does Corporate Inversion Lead To Tax Savings?, Nathan P. Downs

Accounting Undergraduate Honors Theses

Corporate Inversion


Exploring The Fantasy World Of Internet Gambling, Bobby Philip Meek May 2015

Exploring The Fantasy World Of Internet Gambling, Bobby Philip Meek

Accounting Undergraduate Honors Theses

This thesis explores the gambling activities arising from Fantasy Sports Leagues, in particular the gambling behavior of college students within these leagues. In my research, I investigated the development of the industry, the rules and surrounding internet gambling, and conducted a survey of college students over their Fantasy Sports behavior.