Charles E. Wasley

Simon School, University of Rochester

Professor, Joseph and Janice Willett Distinguished Scholar

Rochester, NY 14627

United States

  • Simon School, University of Rochester

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SCHOLARLY PAPERS

26

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153

Scholarly Papers (26)

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1.

Performance Matched Discretionary Accrual Measures

Downloads 4,240 ( 2,122)
Citation 131

Performance Matched Discretionary Accrual Measures

Simon School of Business Working Paper No. FR 01-04; MIT Sloan Working Paper No. 4335-01
Number of pages: 47 Posted: 29 Mar 2001
S.P. Kothari, Andrew J. Leone and Charles E. Wasley
Massachusetts Institute of Technology (MIT) - Sloan School of Management, University of Miami and Simon School, University of Rochester
Downloads 4,240 (2,090)
Citation 131

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Earnings Management, Discretionary Accruals, Performance Matching

Performance Matched Discretionary Accrual Measures

Journal of Accounting & Economics, Vol. 39, No. 1, 2005
Posted: 10 Mar 2004
S.P. Kothari, Andrew J. Leone and Charles E. Wasley
Massachusetts Institute of Technology (MIT) - Sloan School of Management, University of Miami and Simon School, University of Rochester

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Discretionary accruals, earnings management, performance matching, discretionary-accruals models

2.

Measuring Real Activity Management

Downloads 2,460 ( 5,365)

Measuring Real Activity Management

Number of pages: 45 Posted: 24 Mar 2011 Last Revised: 21 Jul 2019
Daniel A. Cohen, Shail Pandit, Charles E. Wasley and Tzachi Zach
Texas A&M University College Station, University of Illinois at Chicago, Simon School, University of Rochester and Ohio State University (OSU) - Fisher College of Business
Downloads 2,460 (5,263)
Citation 11

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Real activity management; real earnings management; earnings management; real activity models, test specification, Type I errors, Type II errors, power of the test, meet or beat, earnings benchmarks, model specification

Measuring Real Activity Management

Contemporary Accounting Research, Forthcoming
Posted: 17 Aug 2019
Daniel A. Cohen, Shail Pandit, Charles E. Wasley and Tzachi Zach
Texas A&M University College Station, University of Illinois at Chicago, Simon School, University of Rochester and Ohio State University (OSU) - Fisher College of Business

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real activity management, real earnings management, earnings management, real activity models, test specification, Type I errors, Type II errors, power of the test, meet or beat, earnings benchmarks, model specification

3.

The Role of Self-Regulation in Corporate Governance: Evidence and Implications from the Netherlands

Simon School of Business Working Paper No. FR 00-20; ERIM Report Series Reference No. ERS-2001-87-F&A
Number of pages: 49 Posted: 14 Feb 2001
Abe de Jong, Douglas V. DeJong, Gerard Mertens and Charles E. Wasley
Rotterdam School of Management, Erasmus University, University of Iowa - Tippie College of Business, Erasmus University Rotterdam (EUR) - Department of Financial Management and Simon School, University of Rochester
Downloads 1,670 (10,248)
Citation 2

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International economics, financial economics, law and economics, corporate governance

4.

Regression-Based Tests of the Market Pricing of Accounting Numbers: The Mishkin Test and Ordinary Least Squares

Downloads 1,191 ( 17,362)
Citation 23

Regression-Based Tests of the Market Pricing of Accounting Numbers: The Mishkin Test and Ordinary Least Squares

Number of pages: 44 Posted: 11 Jan 2007
Arthur G. Kraft, Andrew J. Leone and Charles E. Wasley
City University London - Cass Business School, University of Miami and Simon School, University of Rochester
Downloads 1,179 (17,323)
Citation 2

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Market Mispricing, Market Efficiency, Accounting, OLS

Regression-Based Tests of the Market Pricing of Accounting Numbers: The Mishkin Test and Ordinary Least Squares

Journal of Accounting Research, Vol. 45, Issue 5, pp. 1081-1114, December 2007
Number of pages: 34 Posted: 11 Dec 2007
Arthur G. Kraft, Andrew J. Leone and Charles E. Wasley
City University London - Cass Business School, University of Miami and Simon School, University of Rochester
Downloads 12 (614,824)
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Regression-Based Tests of the Market Pricing of Accounting Numbers: The Mishkin Test and Ordinary Least Squares

Journal of Accounting Research, Forthcoming
Posted: 05 Jun 2007
Arthur G. Kraft, Andrew J. Leone and Charles E. Wasley
City University London - Cass Business School, University of Miami and Simon School, University of Rochester

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Market Mispricing, Market Efficiency, Accounting, OLS

5.

Influential Observations and Inference in Accounting Research

Simon Business School Working Paper No. FR 14-06
Number of pages: 50 Posted: 14 Mar 2014 Last Revised: 28 Aug 2017
Andrew J. Leone, Miguel Minutti-Meza and Charles E. Wasley
University of Miami, University of Miami - Department of Accounting and Simon School, University of Rochester
Downloads 1,190 (17,416)
Citation 18

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6.

Why Do Managers Voluntarily Issue Cash Flow Forecasts?

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Why Do Managers Voluntarily Issue Cash Flow Forecasts?

Simon School Working Paper No. FR 05-04
Number of pages: 59 Posted: 28 Jan 2005
Charles E. Wasley and Joanna S. Wu
Simon School, University of Rochester and University of Rochester - Simon Business School
Downloads 1,059 (20,301)
Citation 12

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Voluntary Disclosure, Managment Forecasts, Cash Flow Forecasts

Why Do Managers Voluntarily Issue Cash Flow Forecasts?

Posted: 03 Aug 2010
Charles E. Wasley and Joanna S. Wu
Simon School, University of Rochester and University of Rochester - Simon Business School

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7.

Research Design Issues and Related Inference Problems Underlying Tests of the Market Pricing of Accounting Information

Simon School Working Paper No. FR 04-15
Number of pages: 61 Posted: 13 Aug 2004
Arthur G. Kraft, Andrew J. Leone and Charles E. Wasley
City University London - Cass Business School, University of Miami and Simon School, University of Rochester
Downloads 959 (23,962)
Citation 12

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8.

Income Conservatism in the U.S. Technology Sector

Simon School Working Paper No. FR 04-01
Number of pages: 62 Posted: 10 Feb 2004
Uday Chandra, Charles E. Wasley and Gregory B. Waymire
SUNY University at Albany, Simon School, University of Rochester and Emory University - Department of Accounting
Downloads 841 (28,931)
Citation 25

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9.

The Joint Effects of Materiality Thresholds and Voluntary Disclosure Incentives on Firms' Disclosure Decisions

Number of pages: 58 Posted: 11 Dec 2007 Last Revised: 09 Oct 2009
Shane Heitzman, Charles E. Wasley and Jerold L. Zimmerman
University of Southern California - Marshall School of Business, Simon School, University of Rochester and University of Rochester - Simon Business School
Downloads 768 (32,780)
Citation 12

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Disclosure, Materiality

10.

Soft-Talk Management Cash Flow Forecasts: Verifiability, Credibility and Stock Price Effects

Simon School Working Paper No. FR 06-01
Number of pages: 48 Posted: 10 Jan 2006 Last Revised: 31 Dec 2007
Yan Cao, Charles E. Wasley and Joanna S. Wu
Simon School, University of Rochester, Simon School, University of Rochester and University of Rochester - Simon Business School
Downloads 739 (34,556)
Citation 3

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Forecast verifiability, forecast bias, management cash flow forecasts

11.

Information Externalities Along the Supply Chain: The Economic Determinants of Suppliers’ Stock Price Reaction to Their Customers’ Earnings Announcements

AAA 2007 Financial Accounting & Reporting Section (FARS) Meeting Paper, UIC College of Business Administration Research Paper No. 10-09
Number of pages: 49 Posted: 04 May 2010 Last Revised: 16 Jan 2011
Shail Pandit, Charles E. Wasley and Tzachi Zach
University of Illinois at Chicago, Simon School, University of Rochester and Ohio State University (OSU) - Fisher College of Business
Downloads 676 (39,064)
Citation 9

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Information externalities, Information transfers, Customers, Suppliers, Supply Chain

12.

The Effect of R&D Inputs and Outputs on the Relation Between the Uncertainty of Future Operating Performance and R&D Expenditures

Simon School Working Paper No. FR 09-05
Number of pages: 44 Posted: 27 Jan 2009 Last Revised: 02 Jan 2010
Shail Pandit, Charles E. Wasley and Tzachi Zach
University of Illinois at Chicago, Simon School, University of Rochester and Ohio State University (OSU) - Fisher College of Business
Downloads 655 (40,662)
Citation 3

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R&D, patents, patent citations

13.

Should Management Earnings Guidance be Pooled? Classifying Management Earnings Guidance into Capital Market, Opportunistic, and Disclose or Abstain Rationales: Implications for Research

Simon School Working Paper No. FR 12-03
Number of pages: 51 Posted: 04 Jan 2012 Last Revised: 26 Oct 2012
Edward Xuejun Li, Charles E. Wasley and Jerold L. Zimmerman
City University of New York (CUNY) - Stan Ross Department of Accountancy, Simon School, University of Rochester and University of Rochester - Simon Business School
Downloads 437 (68,020)
Citation 6

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Management forecasts, Guidance, Insider trading, Voluntary disclosure

14.

Economic Determinants of the Decision to Voluntarily Adopt Mark-to-Market Accounting for Pension Gains and Losses

Downloads 352 ( 87,746)

Economic Determinants of the Decision to Voluntarily Adopt Mark-to-Market Accounting for Pension Gains and Losses

Simon Business School Working Paper No. FR 15-14
Number of pages: 59 Posted: 13 Mar 2015 Last Revised: 07 Jul 2016
Jaewoo Kim, Charles E. Wasley and Joanna S. Wu
University of Oregon - Department of Accounting, Simon School, University of Rochester and University of Rochester - Simon Business School
Downloads 224 (141,076)
Citation 1

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Accounting Choice, Earnings Management, Pensions, Mark-to-Market Accounting, Fair Value, Income Statement Classification, Non-GAAP Earnings, Macroeconomic Conditions

Economic Determinants of the Decision to Voluntarily Adopt Mark-to-Market Accounting for Pension Gains and Losses

Simon Business School Working Paper No. FR 14-21
Number of pages: 59 Posted: 04 Mar 2015
Jaewoo Kim, Charles E. Wasley and Joanna S. Wu
University of Oregon - Department of Accounting, Simon School, University of Rochester and University of Rochester - Simon Business School
Downloads 128 (231,065)

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Accounting choice; Fair value accounting; Mark-to-market accounting; Pensions; Non-GAAP earnings measures

15.

The Disclose or Abstain Incentive to Issue Management Guidance

Journal of Law, Finance & Accounting, Vol. 1, Iss. 1, pp.. 187-233, 2016
Number of pages: 48 Posted: 18 May 2014 Last Revised: 05 Mar 2018
Edward Xuejun Li, Charles E. Wasley and Jerold L. Zimmerman
City University of New York (CUNY) - Stan Ross Department of Accountancy, Simon School, University of Rochester and University of Rochester - Simon Business School
Downloads 335 (92,765)
Citation 6

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Management forecasts, guidance, insider trading, Rule 10b-5

16.

Intertemporal Variation in the Information Content of Aggregate Earnings and its Effect on the Aggregate Earnings-Return Relation

Simon Business School Working Paper No. FR 16-03
Number of pages: 52 Posted: 12 Mar 2016 Last Revised: 14 Feb 2020
Jaewoo Kim, Bryce Schonberger, Charles E. Wasley and Hunter Land
University of Oregon - Department of Accounting, University of Rochester - Simon Business School, Simon School, University of Rochester and University of Rochester - Simon Business School
Downloads 285 (110,675)

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aggregate earnings; aggregate earnings-return relation; market returns; real output; industrial production growth; financial sector; fair value accounting

17.

Soft-Talk Management Cash Flow Forecasts: Bias, Quality, and Stock Price Effects

Simon School Working Paper No. FR 12-04
Number of pages: 61 Posted: 03 Jan 2012
Michael Dambra, Charles E. Wasley and Joanna S. Wu
SUNY at Buffalo - School of Management, Simon School, University of Rochester and University of Rochester - Simon Business School
Downloads 281 (112,358)

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management forecasts, cash flow forecasts, disclosure

18.

Commemorating the Fifty-Year Anniversary of Ball and Brown (1968): The Evolution of Capital Market Research over the Past Fifty Years

Number of pages: 66 Posted: 10 Jul 2019
S.P. Kothari and Charles E. Wasley
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Simon School, University of Rochester
Downloads 278 (113,694)

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Ball and Brown, earnings, earnings-return relation, earnings usefulness, earnings timeliness, asymmetric timeliness, conservatism, association study, event study, information content, value relevance, positive economics, efficient markets hypothesis, market efficiency, post-announcement drift

19.

Voluntary Disclosure and Earnings Asymmetric Timeliness

Simon Business School Working Paper No. FR 16-04
Number of pages: 47 Posted: 18 Jul 2016 Last Revised: 15 Jan 2019
Michael Dambra, Bryce Schonberger and Charles E. Wasley
SUNY at Buffalo - School of Management, University of Rochester - Simon Business School and Simon School, University of Rochester
Downloads 244 (130,200)

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asymmetric timeliness of earnings, voluntary disclosure, management earnings forecasts, conservatism

20.

Voluntary Disclosure in the Absence of Mandatory Disclosure Requirements: Evidence from Private Firms Pursuing an Initial Public Offering

Number of pages: 57 Posted: 02 Aug 2018 Last Revised: 14 Jan 2020
Michael Dambra, Bryce Schonberger and Charles E. Wasley
SUNY at Buffalo - School of Management, University of Rochester - Simon Business School and Simon School, University of Rochester
Downloads 198 (159,054)

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voluntary disclosure; initial public offering; press releases; conferences; investor awareness; visibility; information asymmetry

21.

Daily Earnings Announcement Information as a Candidate for a Risk Factor

29th Annual Conference on Financial Economics & Accounting 2018
Number of pages: 48 Posted: 26 Jul 2018 Last Revised: 29 Jan 2020
Jaewoo Kim, Bryce Schonberger, Charles E. Wasley and Yucheng (John) Yang
University of Oregon - Department of Accounting, University of Rochester - Simon Business School, Simon School, University of Rochester and University of Rochester - Simon Business School
Downloads 85 (304,809)

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market risk factors, aggregate stock market returns, aggregate stock market volatility, earnings announcements, exponential GARCH, macroeconomic news, recessions

22.

Macroeconomic Uncertainty and Management Earnings Forecasts

Accounting Horizons, Forthcoming
Posted: 13 May 2010 Last Revised: 31 Oct 2018
Kyonghee Kim, Shail Pandit and Charles E. Wasley
Michigan State University, University of Illinois at Chicago and Simon School, University of Rochester

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Aggregate market uncertainty, macroeconomic uncertainty, market volatility, voluntary disclosure, management earnings forecasts, litigation risk

23.

The Joint Effects of Materiality Thresholds and Voluntary Disclosure Incentives on Firms’ Disclosure Decisions

Journal of Accounting & Economics (JAE), Forthcoming
Posted: 08 Oct 2009
Shane Heitzman, Charles E. Wasley and Jerold L. Zimmerman
University of Southern California - Marshall School of Business, Simon School, University of Rochester and University of Rochester - Simon Business School

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Disclosure, Materiality

24.

Stock Price Behavior Associated with Post 1974-75 Lifo Adoptions Announced at Alternative Disclosure Times

JOURNAL OF ACCOUNTING, AUDITING, AND FINANCE, Vol 11, No 4, Fall 1996
Posted: 17 Apr 1998
Morton Pincus and Charles E. Wasley
University of California, Irvine and Simon School, University of Rochester

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25.

Estimating Response Coefficients: Pooled Versus Firm-Specific Models

Posted: 15 May 1995
Walter R. Teets and Charles E. Wasley
Gonzaga University and Simon School, University of Rochester

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26.

Commemorating the 50‐Year Anniversary of Ball and Brown (1968): The Evolution of Capital Market Research over the Past 50 Years

Journal of Accounting Research, Volume 57, Issue 5
S.P. Kothari and Charles E. Wasley
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Simon School, University of Rochester

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Ball and Brown; earnings; earnings-return relation; earnings usefulness; earnings timeliness; asymmetric timeliness; conservatism; association study; event study; information content; value relevance; positive economics; efficient markets hypothesis; market efficiency