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Risk: When to Hold ‘em, When to Fold ‘em

As we approach the end of the decade, it’s obvious that the past ten years have presented stakeholders with opportunities for substantial gain and substantial loss, and that the distribution of those gains and losses has been very uneven.

The start of the decade greeted us with the arrival of a revolutionary new technology: the Internet.

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Chairman's Corner

DATE

TITLE

 

02/04/10

 

01/14/10

 

12/01/09

 

11/10/09

 

10/15/09

 

09/14/09

 

08/06/09

 

06/15/09

 

05/27/09

 

04/30/09

 

04/16/09

 

03/13/09

 

02/18/09

 

02/12/09

 

01/02/09

 

12/08/08

 

11/12/08

 

09/25/08

 

08/06/08

 

06/26/08

 

06/18/08

 

04/30/08

 

03/17/08

 

02/07/08

 

01/03/08

 

12/04/07

 

10/29/07

 

08/13/07

 

06/30/07

 

06/14/07

 

04/26/07

 

03/19/07

 

03/06/07

 

01/29/07

 

01/08/07

 

12/13/06

 

10/24/06

 

09/28/06

 

08/03/06

 

09/07/07

 

06/29/06

 

06/17/06

 

06/14/06

 

05/30/06

 

05/09/06

 

03/22/06

 

03/06/06

 
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INDUSTRY REPORT: Commercial Real Estate

Commercial real estate prospects remain dim. Although the IRS extension to 2010 of its temporary relief allowing stock dividends will provide REITs with some cash preservation, market fundamentals are still weakened with higher vacancy rates and lower lease prices. REITs will continue to face challenges related to maintaining debt service coverage ratios and refinancing underwater

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Research

DATE

TITLE

 

02/24/10

 

02/11/10

 

02/10/10

 

01/26/10

 

01/05/10

 

12/17/09

 

12/03/09

 

12/02/09

 

11/19/09

 

11/12/09

 

11/05/09

 

10/28/09

 

10/22/09

 

10/21/09

 

10/14/09

 

10/12/09

 

09/23/09

 

09/22/09

 

09/18/09

 

09/16/09

 

08/27/09

 

08/26/09

 

08/19/09

 

08/13/09

 

08/12/09

 

08/04/09

 

07/23/09

 

07/14/09

 

07/01/09

 

06/24/09

 

06/17/09

 

06/08/09

 

06/03/09

 

06/03/09

 

05/27/09

 

05/20/09

 

04/30/09

 

04/22/09

 

03/26/09

 

03/23/09

 

03/16/09

 

02/26/09

 

02/23/09

 

01/28/09

 

01/22/09

 

12/11/08

 

10/10/07

 

09/03/08

 

06/17/08

 

06/12/08

 

02/08/07

 

08/16/07

 

08/14/07

 

06/12/07

 

03/08/07

 

06/18/07

 

08/06/07

 

03/12/07

 

12/14/06

 

11/21/06

 

11/17/06

 

05/16/06

 

09/18/06

 

02/02/06

 

11/11/05

 
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Bankruptcy White Paper

The recent economic downturn has brought bankruptcy risk to the forefront of investor and corporate stakeholder concerns. The need exists for more effective approaches to identifying the companies most likely to go bankrupt or suffer severe financial distress. With an increase in the number of bankruptcies and the changing nature of company failures – driven

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White Papers

DATE

TITLE

 

03/03/10

 

05/15/08

 

04/11/06

 

07/01/05

 

06/27/05

 
 
 
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"Detecting and Predicting Accounting Irregularities: A Comparison of Commercial and Academic Risk Measures"

- Richard A. Price III, Rice University; Nathan Y. Sharp, Texas A&M University; David A. Wood, Brigham Young University

Although a substantial body of academic research is devoted to developing and testing risk proxies that detect or predict accounting irregularities, the academic literature has paid little attention to commercially developed risk measures. This is surprising given the general consensus that accruals-based risk proxies in the academic literature are very noisy (McNichols [2000]). We compare

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Academic Papers

DATE

TITLE

 

02/02/10

PDF

"Detecting and Predicting Accounting Irregularities: A Comparison of Commercial and Academic Risk Measures"

- Richard A. Price III, Rice University; Nathan Y. Sharp, Texas A&M University; David A. Wood, Brigham Young University

 

10/01/09

PDF

"Internal Audit Outsourcing and the Risk of Misleading or Fraudulent Financial Reporting: Did Sarbanes-Oxley Get It Wrong?"

- Douglas F. Prawitt, Glen Ardis Professor of Accountancy, Marriott School of Management, Brigham Young University; Nathan Y. Sharp, Mays Business School, Texas A&M University; David A. Wood, Brigham Young University and Indiana University

 

10/01/09

PDF

"The Association between Financial Reporting Risk and Audit Fees Before and After the Historic Events Surrounding SOX"

- Shannon L. Charles, Brigham Young University; Steven M. Glover, Brigham Young University; Nathan Y. Sharp, Texas A&M University

 

09/04/09

PDF

"Rating the Ratings: How Good Are Commercial Governance Ratings?"

- Robert M. Daines and David F. Larcker, Graduate School of Business, Rock Center for Corporate Governance, Stanford University; Ian D. Gow, Kellogg School of Management, Northwestern University

 

07/01/09

 

06/01/09

PDF

"Litigation Risk and Market Reaction to Restatements"

- Katsiaryna Salavei, Dolan School of Business, Fairfield University; Joseph Golec, Department of Finance, University of Connecticut; and John P Harding, Department of Finance, University of Connecticut

 

11/01/08

PDF

"The Pricing Properties of Audit Integrity’s AGR Measure"

- Walter N. Torous, Lee and Seymour Graff Endowed Professor, UCLA Anderson School of Management

 

11/23/05

PDF

"Relationship between AGRs and Future Excess Returns"

- Prof. Carla Hayn, UCLA Anderson School

 
 
 
 
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