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

34

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457

Scholarly Papers (34)

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

MIT Sloan Working Paper No. 4330-02
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 5,342 (1,270)
Citation 185

Abstract:

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auditor independence, auditor fees, earnings management, discretionary accruals

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

The Accounting Review, Special Issue on Quality of Earnings, pp. 71-105, Supplement, 2002
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

MIT Sloan Working Paper No. 4375-02
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 4,631 (1,641)
Citation 27

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3.

Determinants of the Informativeness of Analyst Research

MIT Sloan Working Paper No. 4243-02
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 1,938 (7,383)
Citation 73

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

4.

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 1,273 (14,577)
Citation 11

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asymmetric timeliness, discretionary accruals, bond covenants

5.

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 1,014 (20,615)
Citation 6

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6.

Why Shareholder Wealth Maximization Despite Other Objectives

Number of pages: 28 Posted: 06 May 2018 Last Revised: 21 Nov 2018
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 Cornell University - Samuel Curtis Johnson Graduate School of Management
Downloads 853 (26,534)

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Firm Objective, Shareholder Wealth, Friedman, Corporate Social Responsibility

7.

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 758
Citation 86

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8.

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 747 (31,910)
Citation 1

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9.

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 Boston College
Downloads 689 (35,596)
Citation 3

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

10.

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 685 (35,883)
Citation 4

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accounting conservatism, recovery rate, bankruptcy resolution, covenant violation

11.

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

MIT Sloan Working Paper No. 4218-01
Number of pages: 37 Posted: 08 Oct 2001
Richard M. Frankel and Xu Li
Washington University in Saint Louis - Olin Business School and School of Business
Downloads 679 (36,299)
Citation 7

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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 545 (47,837)
Citation 12

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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

13.

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 - Stan Ross Department of Accountancy and New York University (NYU) - Leonard N. Stern School of Business
Downloads 421 (66,803)

Abstract:

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14.

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 University of Georgia
Downloads 398 (71,467)

Abstract:

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Textual Analysis; Big Data; Accruals

15.

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 356 (81,377)
Citation 14

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Investor relations, earnings benchmarks, conference calls, analysts

16.

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, University of Georgia, Washington University in Saint Louis - Olin School of Business and National University of Singapore
Downloads 337 (86,690)

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audit quality, regulatory intervention, PCAOB

17.

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, University of Georgia and Washington University in St. Louis - John M. Olin Business School
Downloads 320 (91,808)
Citation 1

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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) - Fisher College of Business
Downloads 312 (93,904)
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) - Fisher College of Business

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Debt Covenants, Goodwill, Financial Accounting

19.

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

Number of pages: 53 Posted: 09 Jan 2018 Last Revised: 17 Jan 2018
Richard M. Frankel, Jared N. Jennings and Joshua A. Lee
Washington University in Saint Louis - Olin Business School, Washington University in St. Louis and University of Georgia
Downloads 308 (95,781)

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Textual Analysis, Machine Learning, Disclosure, Conference Calls

20.

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 281 (105,663)

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Asymmetric timeliness, shareholder distributions

21.

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 220 (135,670)
Citation 12

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22.

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 New York University (NYU) - Leonard N. Stern School of Business
Downloads 165 (176,460)

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23.

Selective Disclosure

Number of pages: 15 Posted: 25 Jan 2018
Richard M. Frankel
Washington University in Saint Louis - Olin Business School
Downloads 136 (206,936)

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disclosure

24.

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, University of Georgia and Washington University in Saint Louis - Olin School of Business
Downloads 125 (221,109)
Citation 1

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deregistration, private benefits, JOBS Act

25.

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, University of Georgia and Washington University in St. Louis
Downloads 22 (498,631)

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proprietary costs

26.

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

27.

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

Journal of Accounting & Economics, Vol. 37, No. 2, pp. 229-259, 2004
Posted: 29 Dec 2003
Richard M. Frankel and Xu Li
Washington University in Saint Louis - Olin Business School and School of Business

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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

29.

An Empirical Examination of Conference Calls as a Voluntary Disclosure Medium

Journal of Accounting Research, Vol 37, No 1, Spring 1999
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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30.

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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31.

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 Stanford University - Graduate School of Business

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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 Stanford University - Graduate School of Business

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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 Stanford University - Graduate School of Business

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33.

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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34.

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 Stanford University - Graduate School of Business

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