Richard M. Frankel

Washington University in Saint Louis - Olin Business School

One Brookings Drive

Campus Box 1133

St. Louis, MO 63130-4899

United States

  • Washington University in Saint Louis - Olin Business School

SCHOLARLY PAPERS

42

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640

Scholarly Papers (42)

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1.

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

Downloads 6,252 ( 2,632)
Citation 151

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 6,252 (2,603)
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 5,067 (3,811)
Citation 27

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3.

The Economics of Accounting

Oxford University Press, Forthcoming
Number of pages: 44 Posted: 06 May 2018 Last Revised: 22 Jun 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 4,413 (4,803)
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 2,132 (15,522)
Citation 135

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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 1,482 (27,271)
Citation 17

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asymmetric timeliness, discretionary accruals, bond covenants

6.

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 1,423 (29,042)
Citation 20

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Textual Analysis, Machine Learning, Disclosure, Conference Calls

7.

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 1,214 (36,517)
Citation 6

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Textual Analysis, Machine Learning, Disclosure, Conference Calls

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 1,134 (40,358)
Citation 3

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

9.

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 1,115 (41,436)
Citation 4

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10.

The Economics of ESG Disclosure Regulation

Number of pages: 83 Posted: 06 Dec 2023 Last Revised: 18 Apr 2024
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 Yale School of Management
Downloads 958 (51,331)
Citation 1

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11.

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 884
Citation 97

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12.

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 828 (62,615)
Citation 4

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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 809 (64,583)
Citation 25

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accounting conservatism, recovery rate, bankruptcy resolution, covenant violation

14.

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 792 (66,454)
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

15.

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 783 (67,483)
Citation 13

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16.

Non-GAAP Earnings and Board Independence

Downloads 675 (81,721)
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 675 (80,571)
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

17.

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 569 (101,674)
Citation 7

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Textual Analysis; Big Data; Accruals

18.

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 491 (121,754)
Citation 3

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19.

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

Number of pages: 37 Posted: 05 Sep 2014
John Donovan, Richard M. Frankel, Joshua A. Lee, Xiumin Martin and Hojun Seo
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 451 (134,905)
Citation 30

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audit quality, regulatory intervention, PCAOB

20.

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 447 (136,400)
Citation 9

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Investor relations, earnings benchmarks, conference calls, analysts

21.

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 402 (154,215)
Citation 7

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22.

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 366 (171,248)

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ESG; Regulation

23.

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

Downloads 365 (171,733)
Citation 14

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 365 (170,198)
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

24.

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 364 (172,241)
Citation 1

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

25.

Mutual Fund ESG Disclosures

HKU Jockey Club Enterprise Sustainability Global Research Institute - Archive
Number of pages: 42 Posted: 10 Feb 2024 Last Revised: 16 Dec 2024
Richard M. Frankel, Xiumin Martin, Hanmeng Ivy Wang and Mengting Ashley Yu
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 343 (185,056)

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Disclosure, ESG, SEC

26.

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 324 (195,404)

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Asymmetric timeliness, shareholder distributions

27.

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 286 (223,084)

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information transfer, earnings announcements

28.

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 280 (227,989)
Citation 14

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29.

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 211 (301,130)

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30.

Selective Disclosure

Number of pages: 15 Posted: 25 Jan 2018
Richard M. Frankel
Washington University in Saint Louis - Olin Business School
Downloads 195 (324,106)
Citation 1

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disclosure

31.

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, Texas Tech University - Area of Accounting and Washington University in Saint Louis - Olin School of Business
Downloads 170 (366,692)
Citation 8

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

32.

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 163 (380,300)
Citation 1

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deregistration, private benefits, JOBS Act

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 76 (656,127)
Citation 2

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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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36.

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

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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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40.

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

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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: 113
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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 113

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