Bill Francis

Rensselaer Polytechnic Institute (RPI) - Lally School of Management & Technology

110 8th St

Troy, NY 12180

United States

SCHOLARLY PAPERS

33

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125

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180

Scholarly Papers (33)

Gender Differences in Financial Reporting Decision-Making: Evidence from Accounting Conservatism

Contemporary Accounting Research, Forthcoming
Number of pages: 53 Posted: 24 Nov 2009 Last Revised: 09 May 2014
Rensselaer Polytechnic Institute (RPI) - Lally School of Management & Technology, Fordham University, University of South Florida - School of Accountancy and Rensselaer Polytechnic Institute (RPI) - Lally School of Management
Downloads 1,180 (19,591)
Citation 8

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Accounting Conservatism, Gender, CFO, Risk-Averse

Gender Differences in Financial Reporting Decision-Making: Evidence from Accounting Conservatism

Contemporary Accounting Research, Vol. 32, No. 3, 2015, Bank of Finland Research Discussion Paper No. 1/2014
Number of pages: 61 Posted: 11 Jan 2014 Last Revised: 29 Sep 2015
Rensselaer Polytechnic Institute (RPI) - Lally School of Management & Technology, Fordham University, University of South Florida - School of Accountancy and Rensselaer Polytechnic Institute (RPI) - Lally School of Management
Downloads 376 (90,031)
Citation 4

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accounting conservatism, gender, CFO, risk-aversion

Gender Differences in Financial Reporting Decision-Making: Evidence from Accounting Conservatism

Bank of Finland Research Discussion Paper No. 1/2014
Number of pages: 61 Posted: 21 Oct 2015
Rensselaer Polytechnic Institute (RPI) - Lally School of Management & Technology, Fordham University, University of South Florida - School of Accountancy and Rensselaer Polytechnic Institute (RPI) - Lally School of Management
Downloads 105 (294,642)
Citation 11

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M41, J16

Gender Differences in Financial Reporting Decision-Making: Evidence from Accounting Conservatism

Number of pages: 51 Posted: 18 Mar 2009
Rensselaer Polytechnic Institute (RPI) - Lally School of Management & Technology, Fordham University, University of South Florida - School of Accountancy and Rensselaer Polytechnic Institute (RPI) - Lally School of Management
Downloads 41 (487,918)
Citation 7

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Financial reporting; Gender; Conservatism; CFO; Risk-averse

Professors in the Boardroom and their Impact on Corporate Governance and Firm Performance

Financial Management, Forthcoming
Number of pages: 55 Posted: 28 Feb 2013 Last Revised: 11 Jun 2014
Bill Francis, Iftekhar Hasan and Qiang Wu
Rensselaer Polytechnic Institute (RPI) - Lally School of Management & Technology, Fordham University and Rensselaer Polytechnic Institute (RPI) - Lally School of Management
Downloads 851 (31,599)

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Academic directors; Professors; Firm performance; Advising; Monitoring

Professors in the Boardroom and Their Impact on Corporate Governance and Firm Performance

Financial Management, Volume 44, Issue 3, 1 September 2015, Pages 547-581 , Bank of Finland Research Discussion Paper No. 15/2014
Number of pages: 59 Posted: 01 Aug 2014 Last Revised: 29 Sep 2015
Bill Francis, Iftekhar Hasan and Qiang Wu
Rensselaer Polytechnic Institute (RPI) - Lally School of Management & Technology, Fordham University and Rensselaer Polytechnic Institute (RPI) - Lally School of Management
Downloads 369 (91,962)
Citation 18

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academic directors, professors, firm performance, advising, monitoring

Professors in the Boardroom and Their Impact on Corporate Governance and Firm Performance

Bank of Finland Research Discussion Paper No. 15/2014
Number of pages: 59 Posted: 21 Oct 2015
Bill Francis, Iftekhar Hasan and Qiang Wu
Rensselaer Polytechnic Institute (RPI) - Lally School of Management & Technology, Fordham University and Bank of Finland
Downloads 225 (155,685)
Citation 5

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Managerial Ability and Tax Aggressiveness

Number of pages: 64 Posted: 02 Nov 2013 Last Revised: 26 Jan 2018
Bill Francis, Xian Sun and Qiang Wu
Rensselaer Polytechnic Institute (RPI) - Lally School of Management & Technology, Johns Hopkins University - Carey Business School and Rensselaer Polytechnic Institute (RPI) - Lally School of Management
Downloads 1,347 (16,327)
Citation 12

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Managerial Ability; Tax Avoidance; Tax Aggressiveness

Are Female CFOs Less Tax Aggressive? Evidence from Tax Aggressiveness

Journal of American Taxation Association, Forthcoming, Fordham University Schools of Business Research Paper No. 2428541
Number of pages: 47 Posted: 25 Apr 2014 Last Revised: 05 Jun 2014
Bill Francis, Iftekhar Hasan, Qiang Wu and Meng Yan
Rensselaer Polytechnic Institute (RPI) - Lally School of Management & Technology, Fordham University, Rensselaer Polytechnic Institute (RPI) - Lally School of Management and Fordham University - Gabelli School of Business
Downloads 464 (70,126)
Citation 5

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Tax aggressiveness, Tax avoidance, Gender, CFO, Risk-aversion

Are Female CFOs Less Tax Aggressive? Evidence from Tax Aggressiveness

Journal of American Taxation Association, Forthcoming, Bank of Finland Research Discussion Paper No. 16/2014, Fordham University Schools of Business Research Paper No. 2474543
Number of pages: 52 Posted: 01 Aug 2014
Bill Francis, Iftekhar Hasan, Qiang Wu and Meng Yan
Rensselaer Polytechnic Institute (RPI) - Lally School of Management & Technology, Fordham University, Rensselaer Polytechnic Institute (RPI) - Lally School of Management and Fordham University - Gabelli School of Business
Downloads 305 (113,980)
Citation 5

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tax aggressiveness, tax avoidance, gender, CFO, risk-aversion

The Benefits of Conservative Accounting to Shareholders: Evidence from the Financial Crisis

Bank of Finland Research Discussion Paper No. 8/2013
Number of pages: 47 Posted: 09 Jul 2013
Bill Francis, Iftekhar Hasan and Qiang Wu
Rensselaer Polytechnic Institute (RPI) - Lally School of Management & Technology, Fordham University and Rensselaer Polytechnic Institute (RPI) - Lally School of Management
Downloads 520 (60,822)
Citation 28

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accounting conservatism, shareholder value, financial crisis

The Benefits of Conservative Accounting to Shareholders: Evidence from the Financial Crisis

Accounting Horizons, 2013, 27(2): 319-346
Posted: 09 Dec 2011 Last Revised: 17 Jun 2013
Qiang Wu, Bill Francis and Iftekhar Hasan
Rensselaer Polytechnic Institute (RPI) - Lally School of Management, Rensselaer Polytechnic Institute (RPI) - Lally School of Management & Technology and Fordham University

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accounting conservatism, shareholder value, financial crisis

6.
Downloads 315 ( 69,698)
Citation 3

The Impact of CFO Gender on Bank Loan Contracting

Journal of Accounting, Auditing and Finance, Forthcoming
Number of pages: 49 Posted: 21 Apr 2011
Qiang Wu, Bill Francis and Iftekhar Hasan
Rensselaer Polytechnic Institute (RPI) - Lally School of Management, Rensselaer Polytechnic Institute (RPI) - Lally School of Management & Technology and Fordham University
Downloads 315 (110,068)

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CFO, Gender, Bank Loans

7.

Do Activist Hedge Funds Target Female CEOs? The Role of CEO Gender in Hedge Fund Activism

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 53 Posted: 05 Aug 2017 Last Revised: 19 Aug 2020
Rensselaer Polytechnic Institute (RPI) - Lally School of Management & Technology, Fordham University, Cleveland State University-Monte Ahuja College of Business and Rensselaer Polytechnic Institute (RPI) - Lally School of Management
Downloads 375 (91,075)
Citation 1

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Hedge fund activism; Female CEOs; Leadership style; Communication; Cooperation.

8.

More than Connectedness – Heterogeneity of CEO Social Network and Firm Value

Bank of Finland Research Discussion Paper No. 26/2012
Number of pages: 60 Posted: 10 Nov 2012
Yiwei Fang, Bill Francis and Iftekhar Hasan
Rensselaer Polytechnic Institute (RPI) - Lally School of Management & Technology, Rensselaer Polytechnic Institute (RPI) - Lally School of Management & Technology and Fordham University
Downloads 326 (106,641)
Citation 2

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CEO, social networks, corporate finance policy decisions, firm value

9.

Urban Agglomeration and CEO Compensation

Bank of Finland Research Discussion Paper No. 17/2012
Number of pages: 68 Posted: 04 Jul 2012
Rensselaer Polytechnic Institute (RPI) - Lally School of Management & Technology, Fordham University, New York University (NYU) - Department of Finance and Fordham University - Gabelli School of Business
Downloads 282 (124,555)
Citation 6

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agglomeration, CEO, compensation, incentive, geography

Corporate Boards and Bank Loan Contracting

Journal of Financial Research, Forthcoming
Number of pages: 46 Posted: 10 Dec 2011
Rensselaer Polytechnic Institute (RPI) - Lally School of Management, Rensselaer Polytechnic Institute (RPI) - Lally School of Management & Technology, Fordham University and Halle Institute for Economic Research
Downloads 163 (209,125)

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Bank loan contracting, Boards of directors, Board independence, Monitoring

11.

Do Corporate Boards Matter During the Current Financial Crisis?

Review of Financial Economics, Forthcoming
Number of pages: 47 Posted: 29 Feb 2012
Qiang Wu, Bill Francis and Iftekhar Hasan
Rensselaer Polytechnic Institute (RPI) - Lally School of Management, Rensselaer Polytechnic Institute (RPI) - Lally School of Management & Technology and Fordham University
Downloads 229 (153,492)
Citation 2

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Financial crisis, Boards of directors, Independence, Financial experts, Firm performance

12.

The Impact of Political Uncertainty on Institutional Ownership

Bank of Finland Research Discussion Paper No. 27/2013
Number of pages: 59 Posted: 22 Nov 2013
Bill Francis, Iftekhar Hasan and Yun Zhu
Rensselaer Polytechnic Institute (RPI) - Lally School of Management & Technology, Fordham University and St. John's University - Department of Economics and Finance
Downloads 200 (174,534)
Citation 3

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political uncertainty, presidential election, institutional investor, investment

13.

Externality of Stock Liquidity to the Cost of Borrowing

BAFFI CAREFIN Centre Research Paper No. 2016-42
Number of pages: 51 Posted: 16 Nov 2016
Rensselaer Polytechnic Institute (RPI) - Lally School of Management & Technology, Fordham University, Rensselaer Polytechnic Institute (RPI) and Fordham University - Gabelli School of Business
Downloads 142 (234,000)
Citation 3

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Stock liquidity; Cost of bank loans

14.

Evidence for the Existence of Downward Real Earnings Management

Journal of Auditing, Accounting and Finance, Forthcoming, Bank of Finland Research Discussion Paper No. 13/2015
Number of pages: 59 Posted: 21 Aug 2015
Bill Francis, Iftekhar Hasan and Lingxiang Li
Rensselaer Polytechnic Institute (RPI) - Lally School of Management & Technology, Fordham University and SUNY at Old Westbury - School of Business
Downloads 130 (251,001)

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downward earnings management, real earnings management, share repurchase, management buyout, CEO option grant, earnings smoothing

15.

Managerial Effect or Firm Effect: Evidence from Private Debt Market

Bank of Finland Research Discussion Paper No. 29/2013
Number of pages: 40 Posted: 10 Dec 2013 Last Revised: 23 Sep 2015
Bill Francis, Iftekhar Hasan and Yun Zhu
Rensselaer Polytechnic Institute (RPI) - Lally School of Management & Technology, Fordham University and St. John's University - Department of Economics and Finance
Downloads 123 (261,628)
Citation 3

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Managerial Effect, Firm Effect, Cost of Capital, Bank Loan

16.

Managerial Ability and Value Relevance of Earnings

China Accounting and Finance Review, Forthcoming
Number of pages: 60 Posted: 05 Mar 2020
Rensselaer Polytechnic Institute (RPI) - Lally School of Management & Technology, Fordham University, Long Island University-Post and Rensselaer Polytechnic Institute (RPI) - Lally School of Management
Downloads 105 (294,740)

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Managerial Ability, Value Relevance, Corporate Governance, Market Power

17.

Banking Deregulation and Corporate Tax Avoidance

China Journal of Accounting Research, Forthcoming
Number of pages: 36 Posted: 28 Sep 2016 Last Revised: 09 Oct 2016
Bill Francis, Ning Ren and Qiang Wu
Rensselaer Polytechnic Institute (RPI) - Lally School of Management & Technology, Long Island University Post and Rensselaer Polytechnic Institute (RPI) - Lally School of Management
Downloads 105 (292,832)

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Tax avoidance, interstate banking deregulation, external financing

18.

The Cost of Privacy Failures: Evidence from Bank Depositors’ Reactions to Breaches

Number of pages: 43 Posted: 07 Jul 2020 Last Revised: 11 Dec 2020
Christian Engels, Bill Francis and Dennis Philip
University of St Andrews - School of Management, Rensselaer Polytechnic Institute (RPI) - Lally School of Management & Technology and Durham University - Department of Economics and Finance
Downloads 100 (302,578)

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privacy, cyber-security, data breaches, banks, deposit institutions, depositors

19.

Does Relationship Matter? The Choice of Financial Advisors

Bank of Finland Research Discussion Paper No. 28/2012
Number of pages: 60 Posted: 11 Nov 2012
Bill Francis, Iftekhar Hasan and Xian Sun
Rensselaer Polytechnic Institute (RPI) - Lally School of Management & Technology, Fordham University and Johns Hopkins University - Carey Business School
Downloads 92 (319,170)
Citation 2

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mergers and acquisitions, financial advisors, relationship banking, analyst coverage, conflict of interests, proactive

20.

Corporate Boards and Bank Loan Contracting

Number of pages: 67 Posted: 18 Mar 2009
Rensselaer Polytechnic Institute (RPI) - Lally School of Management & Technology, Fordham University, Halle Institute for Economic Research and Rensselaer Polytechnic Institute (RPI) - Lally School of Management
Downloads 87 (330,636)
Citation 4

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Bank loan contracting; Boards of directors; Corporate governance; Monitoring; SOX

21.

Can Firms Learn by Observing? Evidence from Cross-Border M&As

Journal of Corporate Finance, Volume 25, April 2014: 202–215 , Bank of Finland Research Discussion Paper No. 17/2014
Number of pages: 42 Posted: 07 Oct 2014
Bill Francis, Iftekhar Hasan, Xian Sun and Maya Waisman
Rensselaer Polytechnic Institute (RPI) - Lally School of Management & Technology, Fordham University, Johns Hopkins University - Carey Business School and Fordham University - Gabelli School of Business
Downloads 72 (369,159)
Citation 2

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learning, observing, cross-border M&As, performance

22.

Home Preference at Selecting Financial Advisors in Cross-Border M&As

Bank of Finland Research Discussion Paper No. 31/2012
Number of pages: 52 Posted: 10 Nov 2012
Bill Francis, Iftekhar Hasan and Xian Sun
Rensselaer Polytechnic Institute (RPI) - Lally School of Management & Technology, Fordham University and Johns Hopkins University - Carey Business School
Downloads 66 (386,877)
Citation 6

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financial advisors, certification, payment method, cross border mergers and acquisitions

23.

The Effect of Hedge Fund Activism on Auditors: A Stakeholder’s Perspective

Number of pages: 68 Posted: 07 Feb 2019 Last Revised: 20 Jul 2020
University of Massachusetts Lowell - The Robert J. Manning School of Business, Rensselaer Polytechnic Institute (RPI) - Lally School of Management & Technology, Cleveland State University-Monte Ahuja College of Business and Rensselaer Polytechnic Institute (RPI) - Lally School of Management
Downloads 60 (405,985)

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hedge fund activism, audit fees, auditor turnovers, governance

24.

Evidence for the Existence of Downward Real Earnings Management

Bank of Finland Research Discussion Paper No. 13/2015
Number of pages: 59 Posted: 21 Oct 2015
Bill Francis, Iftekhar Hasan and Lingxiang Li
Rensselaer Polytechnic Institute (RPI) - Lally School of Management & Technology, Fordham University and SUNY at Old Westbury - School of Business
Downloads 58 (412,856)

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downward earnings management, real earnings management, share repurchase, management buyout, CEO option grant, earnings smoothing

25.

Investor Inattention, Internal Needs, and Tax Avoidance: Evidence from the Effect of Large IPOs on Peers

Number of pages: 55 Posted: 03 Sep 2020 Last Revised: 20 Jan 2021
University of Massachusetts Lowell - The Robert J. Manning School of Business, Rensselaer Polytechnic Institute (RPI) - Lally School of Management & Technology, Rensselaer Polytechnic Institute (RPI) - Lally School of Management and American University - Kogod School of Business
Downloads 38 (496,058)

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26.

Stock Price Fragility and the Cost of Bank Loans

Number of pages: 45 Posted: 14 Apr 2020
Rensselaer Polytechnic Institute (RPI) - Lally School of Management & Technology, Fordham University, Cleveland State University-Monte Ahuja College of Business and Virginia Tech
Downloads 32 (520,623)

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Stock Price Fragility, Flow Volatility, Bank Loan Cost, Non-Fundamental Risk

27.

Managerial Style and Bank Loan Contracting

Bank of Finland Research Discussion Paper No. 29/2013
Number of pages: 46 Posted: 22 May 2019
Bill Francis, Iftekhar Hasan and Yun Zhu
Rensselaer Polytechnic Institute (RPI) - Lally School of Management & Technology, Fordham University and St. John's University - Department of Economics and Finance
Downloads 22 (579,464)

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28.

Motivating High‐Impact Innovation: Evidence from Managerial Compensation Contracts

Financial Markets, Institutions & Instruments, Vol. 28, Issue 3, pp. 291-318, 2019
Number of pages: 28 Posted: 20 May 2020
Rensselaer Polytechnic Institute (RPI) - Lally School of Management & Technology, Fordham University, St John's University and Fordham University - Gabelli School of Business
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CEO compensation, innovation and incentives

29.

Managerial Effect or Firm Effect: Evidence from the Private Debt Market

Financial Review, Vol. 55, Issue 1, pp. 25-59, 2020
Number of pages: 35 Posted: 20 May 2020
Bill Francis, Iftekhar Hasan and Yun Zhu
Rensselaer Polytechnic Institute (RPI) - Lally School of Management & Technology, Fordham University and St. John's University - Peter J. Tobin College of Business
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firm fixed effect, loan contract, managerial effect

30.

Do Passive Investors Demand High Earnings Quality? Evidence from Natural Experiment

31st Australasian Finance and Banking Conference 2018
Posted: 30 Jul 2018
Bill Francis, Johan Maharjan and Haimeng Teng
Rensselaer Polytechnic Institute (RPI) - Lally School of Management & Technology, Rensselaer Polytechnic Institute (RPI) - Lally School of Management & Technology and Rensselaer Polytechnic Institute (RPI) - Lally School of Management

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Passive Investors, Earnings Quality, Real Earnings Management

31.

Going-Concern Opinions, Corporate Control, Executive Compensation and Management Turnover

Posted: 01 Feb 2014 Last Revised: 31 Jan 2018
Bill Francis, Ning Ren, Yinghong Zhang and Yun Zhu
Rensselaer Polytechnic Institute (RPI) - Lally School of Management & Technology, Long Island University Post, University of Central Oklahoma and St. John's University - Department of Economics and Finance

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going-concern opinion; blockholder; institutional investor; executive compensation; management turnover

32.

Going-Concern Opinions and Bank Loan Contracting

Posted: 17 Nov 2013 Last Revised: 13 Feb 2014
Rensselaer Polytechnic Institute (RPI) - Lally School of Management & Technology, Fordham University, Long Island University Post and University of Central Oklahoma

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going-concern opinion; bank loan contracting; loan spreads; loan maturity; covenant

33.

Strategic Conservative Earnings Management of Technology Firms: Evidence from the IPO Market

Financial Markets, Institutions & Instruments, Vol. 21, Issue 5, pp. 261-293, 2012
Number of pages: 33 Posted: 17 Nov 2012
Bill Francis, Mingming Zhou and Iftekhar Hasan
Rensselaer Polytechnic Institute (RPI) - Lally School of Management & Technology, University of Colorado, Colorado Springs - College of Business and Fordham University
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Conservative Earnings Management, Technology IPOs, Underpricing, Litigation Risk