Richard M. Frankel

Washington University in Saint Louis - Olin Business School

One Brookings Drive

Campus Box 1133

St. Louis, MO 63130-4899

United States

SCHOLARLY PAPERS

42

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558

CROSSREF CITATIONS

114

Scholarly Papers (42)

The Relation between Auditors' Fees for Non-Audit Services and Earnings Management

Number of pages: 50 Posted: 20 Jan 2002
Richard M. Frankel, Marilyn F. Johnson and Karen K. Nelson
Washington University in Saint Louis - Olin Business School, Michigan State University - Department of Accounting & Information Systems and Texas Christian University - Department of Accounting
Downloads 5,989 (2,371)
Citation 151

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auditor independence, auditor fees, earnings management, discretionary accruals

The Relation between Auditors' Fees for Non-Audit Services and Earnings Management

Posted: 04 May 2003
Richard M. Frankel, Marilyn F. Johnson and Karen K. Nelson
Washington University in Saint Louis - Olin Business School, Michigan State University - Department of Accounting & Information Systems and Texas Christian University - Department of Accounting

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auditor independence, auditor fees, earnings management, discretionary accruals

2.

Testing Behavioral Finance Theories Using Trends and Sequences in Financial Performance

Number of pages: 44 Posted: 20 Aug 2002
Wesley S. Chan, Richard M. Frankel and S.P. Kothari
Acadian Asset Management, Washington University in Saint Louis - Olin Business School and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 4,916 (3,387)
Citation 24

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3.

The Economics of Accounting

Oxford University Press, Forthcoming
Number of pages: 220 Posted: 06 May 2018 Last Revised: 25 Jan 2024
Richard M. Frankel, S.P. Kothari and Luo Zuo
Washington University in Saint Louis - Olin Business School, Massachusetts Institute of Technology (MIT) - Sloan School of Management and National University of Singapore
Downloads 3,480 (6,073)
Citation 1

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Accounting, stewardship, valuation, information asymmetry, earnings, stock price, shareholder value, efficiency, stakeholder.

4.

Determinants of the Informativeness of Analyst Research

Number of pages: 54 Posted: 19 Apr 2002
Richard M. Frankel, S.P. Kothari and Joseph Weber
Washington University in Saint Louis - Olin Business School, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 2,038 (14,264)
Citation 134

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Analyst, Forecast, Analyst Forecast, Earnings Forecast, Informativeness, Market Efficiency

5.

Financial Accounting Characteristics and Debt Covenants

Number of pages: 45 Posted: 09 Apr 2007
Richard M. Frankel and Lubomir P. Litov
Washington University in Saint Louis - Olin Business School and University of Oklahoma - Michael F. Price College of Business
Downloads 1,433 (24,536)
Citation 17

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asymmetric timeliness, discretionary accruals, bond covenants

6.

Using Natural Language Processing to Assess Text Usefulness to Readers: The Case of Conference Calls and Earnings Prediction

Number of pages: 53 Posted: 14 Feb 2020 Last Revised: 05 Jun 2020
Richard M. Frankel, Jared N. Jennings and Joshua A. Lee
Washington University in Saint Louis - Olin Business School, Washington University in St. Louis and Brigham Young University
Downloads 1,077 (37,109)
Citation 6

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Textual Analysis, Machine Learning, Disclosure, Conference Calls

7.

The Effect of Confirming Management Earnings Forecasts on Cost of Capital

Number of pages: 40 Posted: 21 Aug 2000
Michael B. Clement, Richard M. Frankel and Jeffrey S. Miller
University of Texas at Austin - Department of Accounting, Washington University in Saint Louis - Olin Business School and University of Notre Dame - Department of Accountancy
Downloads 1,072 (37,372)
Citation 4

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8.

SPACs and Forward-Looking Disclosure: Hype or Information?

Number of pages: 54 Posted: 13 Sep 2021 Last Revised: 21 Oct 2021
Kimball Chapman, Richard M. Frankel and Xiumin Martin
affiliation not provided to SSRN, Washington University in Saint Louis - Olin Business School and Washington University in Saint Louis - Olin School of Business
Downloads 1,027 (39,653)
Citation 2

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Forward-looking disclosure, SPAC, Information Asymmetry; Adverse Selection; Liquidity; Disclosure; IPO

9.

Disclosure Sentiment: Machine Learning vs Dictionary Methods

Management Science, forthcoming
Number of pages: 49 Posted: 14 May 2021
Richard M. Frankel, Jared N. Jennings and Joshua A. Lee
Washington University in Saint Louis - Olin Business School, Washington University in St. Louis and Brigham Young University
Downloads 925 (46,010)
Citation 20

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Textual Analysis, Machine Learning, Disclosure, Conference Calls

10.

An Empirical Examination of Conference Calls as a Voluntary Disclosure Medium

Number of pages: 32 Posted: 16 Sep 1996
Richard M. Frankel, Marilyn F. Johnson and Douglas J. Skinner
Washington University in Saint Louis - Olin Business School, Michigan State University - Department of Accounting & Information Systems and The University of Chicago - Booth School of Business
Downloads 852
Citation 82

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11.

An Empirical Investigation of Pre-Earnings Announcement Quiet Periods

Number of pages: 31 Posted: 19 Apr 2002
Richard M. Frankel, Peter R. Joos and Joseph Weber
Washington University in Saint Louis - Olin Business School, INSEAD and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 802 (55,900)
Citation 4

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12.

Are All Special Items Equally Special? The Predictive Role of Conservatism

Number of pages: 48 Posted: 18 Jul 2007 Last Revised: 11 Jan 2009
Richard M. Frankel and Sugata Roychowdhury
Washington University in Saint Louis - Olin Business School and Northwestern University Kellogg School of Management
Downloads 777 (58,336)
Citation 12

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asymmetric timeliness, differential timeliness, special items, special items persistence, earnings persistence, conservatism, strategic reporting, special items classification, CSCORE, predicted conservatism

13.

Accounting Conservatism and Creditor Recovery Rate

Accounting Review, Forthcoming
Number of pages: 55 Posted: 24 Jan 2013 Last Revised: 24 Dec 2014
John Donovan, Richard M. Frankel and Xiumin Martin
University of Notre Dame - Department of Accountancy, Washington University in Saint Louis - Olin Business School and Washington University in Saint Louis - Olin School of Business
Downloads 771 (58,968)
Citation 21

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accounting conservatism, recovery rate, bankruptcy resolution, covenant violation

14.

The Characteristics of a Firm's Information Environment and the Predictive Ability of Insider Trades

Number of pages: 37 Posted: 08 Oct 2001
Richard M. Frankel, Xu Li and Xu Li
Washington University in Saint Louis - Olin Business School and School of BusinessUniversity of Texas at Dallas - Department of Accounting & Information Management
Downloads 765 (59,592)
Citation 13

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15.
Downloads 631 (76,323)
Citation 27

Non-GAAP Earnings and Board Independence

Review of Accounting Studies, Forthcoming
Number of pages: 38 Posted: 25 Jun 2007 Last Revised: 26 Oct 2010
Richard M. Frankel, Sarah E. McVay and Mark T. Soliman
Washington University in Saint Louis - Olin Business School, University of Washington and University of Southern California - Marshall School of Business
Downloads 631 (75,335)
Citation 27

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Non-GAAP Earnings, Board Independence, Voluntary Disclosure, Earnings Quality

Non-GAAP Earnings and Board Independence

Review of Accounting Studies, Forthcoming
Posted: 07 Nov 2010
Richard M. Frankel, Sarah E. McVay and Mark T. Soliman
Washington University in Saint Louis - Olin Business School, University of Washington and University of Southern California - Marshall School of Business

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Non-GAAP Earnings, Board Independence, Voluntary Disclosure, Earnings Quality

16.

Using Unstructured and Qualitative Disclosures to Explain Accruals

Number of pages: 60 Posted: 15 Feb 2015 Last Revised: 22 Jul 2015
Richard M. Frankel, Jared N. Jennings and Joshua A. Lee
Washington University in Saint Louis - Olin Business School, Washington University in St. Louis and Brigham Young University
Downloads 536 (93,722)
Citation 7

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Textual Analysis; Big Data; Accruals

17.

Factors Associated with the Year-End Decline in Working Capital

Forthcoming, Management Science
Number of pages: 56 Posted: 12 May 2011 Last Revised: 03 Sep 2015
Richard M. Frankel, Hagit Levy and Ron Shalev
Washington University in Saint Louis - Olin Business School, City University of New York (CUNY) - Stan Ross Department of Accountancy and University of Toronto - Rotman School of Management
Downloads 478 (107,756)
Citation 1

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18.

Do Pennies Matter? Investor Relations Consequences of Small Negative Earnings Surprises

Number of pages: 56 Posted: 04 Sep 2007
Richard M. Frankel, William J. Mayew and Yan Sun
Washington University in Saint Louis - Olin Business School, Duke University - Fuqua School of Business and Saint Louis University
Downloads 420 (125,489)
Citation 9

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Investor relations, earnings benchmarks, conference calls, analysts

19.

Issues Raised by Studying DeFond and Zhang - What Should Audit Researchers Do?

Number of pages: 37 Posted: 05 Sep 2014
University of Notre Dame - Department of Accountancy, Washington University in Saint Louis - Olin Business School, Brigham Young University, Washington University in Saint Louis - Olin School of Business and Purdue University
Downloads 410 (129,004)
Citation 23

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audit quality, regulatory intervention, PCAOB

20.

The Impact of SFAS 160: An Investigation of the Economic Consequences of the Reclassification of Minority Interest

Number of pages: 34 Posted: 23 Feb 2010
Richard M. Frankel, Joshua A. Lee and Michael McLaughlin
Washington University in Saint Louis - Olin Business School, Brigham Young University and Washington University in St. Louis - John M. Olin Business School
Downloads 385 (138,515)
Citation 6

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21.

The Economics of ESG Disclosure Regulation

Number of pages: 70 Posted: 06 Dec 2023
Richard M. Frankel, S.P. Kothari and Aneesh Raghunandan
Washington University in Saint Louis - Olin Business School, Massachusetts Institute of Technology (MIT) - Sloan School of Management and London School of Economics
Downloads 352 (153,373)

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Gaap Goodwill and Debt Contracting Efficiency: Evidence from Net-Worth Covenants

Number of pages: 47 Posted: 15 Sep 2006
Richard M. Frankel, Chandra Seethamraju and Tzachi Zach
Washington University in Saint Louis - Olin Business School, Franklin Templeton Investments and Ohio State University (OSU) - Department of Accounting & Management Information Systems
Downloads 344 (155,641)
Citation 14

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Debt Covenants, Goodwill, Financial Accounting

GAAP Goodwill and Debt Contracting Efficiency: Evidence from Net-Worth Covenants

Review of Accounting Studies, Vol. 13, No. 1, 2007
Posted: 26 Oct 2007
Richard M. Frankel, Chandra Seethamraju and Tzachi Zach
Washington University in Saint Louis - Olin Business School, Franklin Templeton Investments and Ohio State University (OSU) - Department of Accounting & Management Information Systems

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Debt Covenants, Goodwill, Financial Accounting

23.

Earnings Asymmetric Timeliness and Shareholder Distributions

Number of pages: 49 Posted: 10 Jul 2008 Last Revised: 14 Nov 2013
Richard M. Frankel, Yan Sun and Rong Wang
Washington University in Saint Louis - Olin Business School, Saint Louis University and Singapore Management University
Downloads 308 (176,428)

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Asymmetric timeliness, shareholder distributions

24.

Does Market Demand for Climate-Related Disclosure Regulation?

Number of pages: 31 Posted: 22 Nov 2022
Richard M. Frankel, Yongzhao (Vincent) Lin and Xiumin Martin
Washington University in Saint Louis - Olin Business School, Washington University in St. Louis - John M. Olin Business School and Washington University in Saint Louis - Olin School of Business
Downloads 294 (185,344)

Abstract:

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ESG; Regulation

25.

Information Reliability and Market Outcomes

Management Science
Number of pages: 71 Posted: 27 Oct 2019 Last Revised: 31 Jul 2023
Chihoon Cho, Richard M. Frankel and Xiumin Martin
Washington University in St. Louis, Washington University in Saint Louis - Olin Business School and Washington University in Saint Louis - Olin School of Business
Downloads 266 (205,967)
Citation 1

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Information Asymmetry, Adverse Selection, Reliability, Disclosure, Public Enforcement, Liquidity, Lemons Penalty, Law

26.

Panacea, Pandora’s Box, or Placebo: Feedback in Bank Mortgage-Backed Security Holdings and Fair Value Accounting

Journal of Accounting & Economics (JAE), Forthcoming
Number of pages: 52 Posted: 04 Jun 2011
Gauri Bhat, Richard M. Frankel and Xiumin Martin
Southern Methodist University (SMU) - Accounting Department, Washington University in Saint Louis - Olin Business School and Washington University in Saint Louis - Olin School of Business
Downloads 265 (205,967)
Citation 12

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27.

Asymmetric Timeliness in Pension Asset Accounting

Number of pages: 43 Posted: 11 Sep 2008
Richard M. Frankel, Xiumin Martin and Ron Shalev
Washington University in Saint Louis - Olin Business School, Washington University in Saint Louis - Olin School of Business and University of Toronto - Rotman School of Management
Downloads 203 (265,913)

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28.

Selective Disclosure

Number of pages: 15 Posted: 25 Jan 2018
Richard M. Frankel
Washington University in Saint Louis - Olin Business School
Downloads 183 (291,978)
Citation 1

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disclosure

29.

Factors Associated with Bank Deregistration Following the 2012 JOBS Act

Number of pages: 59 Posted: 05 Mar 2013 Last Revised: 29 Jun 2013
Richard M. Frankel, Joshua A. Lee and Xiumin Martin
Washington University in Saint Louis - Olin Business School, Brigham Young University and Washington University in Saint Louis - Olin School of Business
Downloads 155 (336,861)
Citation 1

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deregistration, private benefits, JOBS Act

30.

Bank Monitoring and Financial Reporting Quality: The Case of Accounts-Receivable-Based Loans

Contemporary Accounting Research, Forthcoming
Number of pages: 44 Posted: 25 Feb 2020
Richard M. Frankel, Bong Hwan Kim, Tao Ma and Xiumin Martin
Washington University in Saint Louis - Olin Business School, Seoul National University - Graduate School of Public Administration, Rawls College of Business, Texas Tech University and Washington University in Saint Louis - Olin School of Business
Downloads 138 (369,764)
Citation 5

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Bank Scrutiny, Borrowing-Base Loan, Aging Report, Write-Off

31.

Information Spillovers at Earnings Announcements

Number of pages: 36 Posted: 29 Jul 2023 Last Revised: 27 Nov 2023
Richard M. Frankel, Bright Gershion Godigbe and MaryJane Rabier
Washington University in Saint Louis - Olin Business School, Washington University in St. Louis - John M. Olin Business School and Washington University in St. Louis
Downloads 125 (398,986)

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information transfer, earnings announcements

32.

Mutual Fund ESG Disclosures

Number of pages: 41 Posted: 10 Feb 2024
Washington University in Saint Louis - Olin Business School, Washington University in Saint Louis - Olin School of Business, Washington University in Saint Louis, John M. Olin Business School, Students and Washington University in Saint Louis, John M. Olin Business School, Students
Downloads 64 (609,884)

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Disclosure, ESG, SEC

33.

Proprietary Costs and Sealing Documents in Patent Litigation

Review of Accounting Studies, Vol. 23, No. #2, 2017
Number of pages: 57 Posted: 06 Dec 2018
Richard M. Frankel, Joshua A. Lee and Zawadi Lemayian
Washington University in Saint Louis - Olin Business School, Brigham Young University and Washington University in St. Louis
Downloads 58 (640,359)
Citation 3

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proprietary costs

34.

Predicting Accruals Based on Cash-Flow Properties

Posted: 05 Jan 2018
Richard M. Frankel and Yan Sun
Washington University in Saint Louis - Olin Business School and Saint Louis University

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accruals; cash-flow properties; serial correlation in cash-flow changes

35.

Characteristics of a Firm's Information Environment and the Information Asymmetry between Insiders and Outsiders

Posted: 29 Dec 2003
Richard M. Frankel, Xu Li and Xu Li
Washington University in Saint Louis - Olin Business School and School of BusinessUniversity of Texas at Dallas - Department of Accounting & Information Management

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Earnouts: The Effects of Adverse Selection and Agency Costs on Acquisition Techniques

The Journal of Law, Economics, and Organization, Vol. 17, pp. 201-238, 2001
Posted: 25 Apr 2001
Srikant Datar, Richard M. Frankel and Mark A. Wolfson
Harvard University - Accounting & Control Unit, Washington University in Saint Louis - Olin Business School and Stanford Graduate School of Business

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mergers and acquisitions, adverse selection, agency costs

Earnouts: The Effects of Adverse Selection and Agency Costs on Acquisition Techniques

The Journal of Law, Economics, and Organization, Vol. 17, pp. 201-238, 2001
Posted: 29 Feb 2008
Mark A. Wolfson, Srikant Datar and Richard M. Frankel
Stanford Graduate School of Business, Harvard University - Accounting & Control Unit and Washington University in Saint Louis - Olin Business School

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mergers and acquisitions, adverse selection, agency costs

37.

An Empirical Examination of Conference Calls as a Voluntary Disclosure Medium

Posted: 16 Nov 1999
Richard M. Frankel, Marilyn F. Johnson and Douglas J. Skinner
Washington University in Saint Louis - Olin Business School, Michigan State University - Department of Accounting & Information Systems and The University of Chicago - Booth School of Business

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38.

Post-Earnings Announcement Drift Around the Time of Equity Offerings

Posted: 13 Sep 1999
Richard M. Frankel
Washington University in Saint Louis - Olin Business School

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39.

Accounting Standards and the Valuation of International Securities

Posted: 15 Jul 1998
Richard M. Frankel and Charles M.C. Lee
Washington University in Saint Louis - Olin Business School and Foster School of Business, University of Washington

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Accounting Valuation, Market Expectation, and the Book-to-Market Effect

Posted: 25 Aug 1998
Richard M. Frankel and Charles M.C. Lee
Washington University in Saint Louis - Olin Business School and Foster School of Business, University of Washington

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Accounting Valuation, Market Expectation, and the Book-to-Market Effect

Posted: 08 Jul 1998
Richard M. Frankel and Charles M.C. Lee
Washington University in Saint Louis - Olin Business School and Foster School of Business, University of Washington

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41.

Earnouts: The Effects of Adverse Selection on Acquisition Techniques

Posted: 22 Jun 1998
Srikant Datar, Richard M. Frankel and Mark A. Wolfson
Harvard University - Accounting & Control Unit, Washington University in Saint Louis - Olin Business School and Stanford Graduate School of Business

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42.

Accounting Diversity and International Valuation

Posted: 21 May 1998
Richard M. Frankel and Charles M.C. Lee
Washington University in Saint Louis - Olin Business School and Foster School of Business, University of Washington

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Other Papers (1)

Total Downloads: 87
1.

Complementarity between Audited Financial Reporting and Voluntary Disclosure: The Case of Former Andersen Clients

Number of pages: 49 Posted: 28 Jun 2017 Last Revised: 12 Apr 2021
Richard M. Frankel, Alon Kalay, Gil Sadka and Yuan Zou
Washington University in Saint Louis - Olin Business School, Michigan State University - Eli Broad College of Business, University of Texas at Dallas and Harvard University - Business School (HBS)
Downloads 87

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