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673 results on '"Wong, M.H."'

6. The Effect of Financial Reporting Quality on Corporate Investment Efficiency: Evidence from the Adoption of SFAS No. 123R

Author

Dou, Yiwei, Wong, M.H. Franco, and Xin, Baohua

Subjects
Financial disclosure, Financial statements, Employee stock options -- Quality management, Business, general, Business
Abstract

We test for changes in investment efficiency around a shock to financial reporting quality--the adoption of SFAS No. 123R, which requires that employee stock option (ESO) costs be recognized rather than disclosed at fair value. We predict and find a reduction in underinvestment for firms heavily affected by the new standard, and these firms exhibit a decrease in the bid-ask spread and an increase in new capital raised in the post-SFAS No. 123R period. The reduction in underinvestment is more pronounced for firms whose ESO estimates are more unreliable before SFAS No. 123R, for firms that are financially constrained, and for firms with more entrenched managers. These findings are consistent with recognition of ESO costs at fair value improving financial reporting quality, which, in turn, enhances investment efficiency through the mitigation of the adverse selection problem for underinvesting firms. History: Accepted by Suraj Srinivasan, accounting. Funding: Financial support from New York University, INSEAD, University of Toronto, CPA Ontario Professorship in Financial Accounting, and the Social Sciences and Humanities Research Council of Canada [Grant 410-2011-0193] is highly appreciated. Supplemental Material: The online appendix is available at https://doi.org/10.1287/mnsc.2018.3045. Keywords: recognition * disclosure * reliability * financial reporting quality * corporate investment * accounting regulation * employee stock options, 1. Introduction Prior literature finds that higher financial reporting quality is associated with higher real investment efficiency, arguing that better quality of financial reporting helps mitigate the underinvestment and overinvestment [...]

Published
2019
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7. Neptune long-lived atmospheric features in 2013–2015 from small (28-cm) to large (10-m) telescopes

Author

Hueso, R., de Pater, I., Simon, A., Sánchez-Lavega, A., Delcroix, M., Wong, M.H., Tollefson, J.W., Baranec, C., de Kleer, K., Luszcz-Cook, S.H., Orton, G.S., Hammel, H.B., Gómez-Forrellad, J.M., Ordonez-Etxeberria, I., Sromovsky, L., Fry, P., Colas, F., Rojas, J.F., Pérez-Hoyos, S., Gorczynski, P., Guarro, J., Kivits, W., Miles, P., Millika, D., Nicholas, P., Sussenbach, J., Wesley, A., Sayanagi, K., Ammons, S.M., Gates, E.L., Gavel, D., Victor Garcia, E., Law, N.M., Mendikoa, I., and Riddle, R.

Published
2017
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13. Isthmal stem cells sustain intestinal homeostasis and regeneration

Author

Malagola, E., primary, Vasciaveo, A., additional, Ochiai, Y., additional, Kim, W., additional, Middelhoff, M., additional, Nienhüser, H., additional, Belin, B., additional, LaBella, J., additional, Zamechek, LB., additional, Wong, M.H., additional, Li, L., additional, Guha, C., additional, Yan, K., additional, Califano, A., additional, and Wang, T.C., additional

Published
2022
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35. New Frontiers-class Uranus Orbiter: A Case For Exploring The Feasibility of Achieving Multidisciplinary Science With a Mid-scale Mission

Author

Cohen, I, Beddingfield, C.B., Chancia, R.O., DiBraccio, G.A., Hedman, M., MacKenzie, S.M., Mauk, B. H., Sayanagi, K.M., Soderlund, K.M., Turtle, E.P., Adams, E.Y., Ahrens, C. J., Arridge, C.S., Brooks, S., Bunce, E., Charnoz, S., Clark, G.B., Coustenis, A, Dillman, R.A., Dutta, S., Fletcher, L.N., Harbison, R.A., Helled, Ravit, Holme, R., Jozwiak, L.M., Kasaba, Yasumasa, Kollmann, P., Luszcz-Cook, S., Mousis, O., Mura, A., Murakami, G., Parisi, M., Rymer, A. M., Stanley, S., Stephan, Katrin, Vervack, R.J., Wong, M.H., Wurz, P., Johns Hopkins University Applied Physics Laboratory [Laurel, MD] (APL), GSFC Solar System Exploration Division, NASA Goddard Space Flight Center (GSFC), University of Idaho [Moscow, USA], Department of Physics [Moscow,USA], Institute of Atmospheric Physics [Prague] (IAP), Czech Academy of Sciences [Prague] (CAS), Laboratoire d'études spatiales et d'instrumentation en astrophysique (LESIA (UMR_8109)), Institut national des sciences de l'Univers (INSU - CNRS)-Observatoire de Paris, and Université Paris sciences et lettres (PSL)-Université Paris sciences et lettres (PSL)-Sorbonne Université (SU)-Centre National de la Recherche Scientifique (CNRS)-Université de Paris (UP)

Subjects
Planetengeologie, Uranus Mission, [SDU.ASTR.EP]Sciences of the Universe [physics]/Astrophysics [astro-ph]/Earth and Planetary Astrophysics [astro-ph.EP], ComputingMilieux_MISCELLANEOUS
Abstract

International audience

Published
2020

36. The Society for Environmental Geochemistry and Health (SEGH): building for the future

Author

Watts, M.J. An, T. Argyraki, A. Arhin, E. Brown, A. Button, M. Entwistle, J.A. Finkelman, R. Gibson, G. Humphrey, O.S. Huo, X. Hursthouse, A.S. Marinho-Reis, A.P. Maseka, K. Middleton, D.R.S. Morton-Bermea, O. Nazarpour, A. Olatunji, A.S. Osano, O. Potgieter-Vermaak, S. Saini, S. Stewart, A. Tarek, M. Torrance, K. Wong, M.H. Yamaguchi, K.E. Zhang, C. Zia, M.

Published
2020

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