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

27

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170

Scholarly Papers (27)

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1.

Performance Matched Discretionary Accrual Measures

Downloads 4,294 ( 2,221)

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, Northwestern University and Simon School, University of Rochester
Downloads 4,294 (2,189)
Citation 173

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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, Northwestern University 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 2,477 ( 5,628)

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 2,477 (5,523)
Citation 14

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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 1,676 (10,787)
Citation 3

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

4.

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
Northwestern University, University of Miami - Department of Accounting and Simon School, University of Rochester
Downloads 1,211 (17,903)
Citation 43

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5.

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

Downloads 1,194 ( 18,277)
Citation 25

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, Northwestern University and Simon School, University of Rochester
Downloads 1,182 (18,223)
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, Northwestern University and Simon School, University of Rochester
Downloads 12 (639,835)
Citation 2
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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, Northwestern University and Simon School, University of Rochester

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Market Mispricing, Market Efficiency, Accounting, OLS

6.

Why Do Managers Voluntarily Issue Cash Flow Forecasts?

Downloads 1,062 ( 21,776)
Citation 13

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 1,062 (21,394)
Citation 13

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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, Northwestern University and Simon School, University of Rochester
Downloads 962 (25,149)
Citation 13

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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 848 (30,143)
Citation 26

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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 776 (34,074)
Citation 16

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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 742 (36,202)
Citation 4

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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
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 689 (40,078)
Citation 16

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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 663 (42,168)
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 443 (70,380)
Citation 7

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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 358 ( 90,305)
Citation 2

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 230 (143,954)
Citation 2

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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 (241,242)
Citation 1

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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 345 (94,192)
Citation 5

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

16.

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 309 (106,366)

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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

17.

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

Review of Accounting Studies, Forthcoming
Number of pages: 52 Posted: 12 Mar 2016 Last Revised: 16 Apr 2020
Jaewoo Kim, Bryce Schonberger, Charles E. Wasley and Hunter Land
University of Oregon - Department of Accounting, University of Colorado at Boulder - Leeds School of Business, Simon School, University of Rochester and University of Rochester - Simon Business School
Downloads 301 (109,484)

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

18.

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 285 (116,065)
Citation 1

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management forecasts, cash flow forecasts, disclosure

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 Colorado at Boulder - Leeds School of Business and Simon School, University of Rochester
Downloads 263 (126,829)

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

20.

Creating Visibility: Voluntary Disclosure by Private Firms Pursuing an Initial Public Offering

Number of pages: 51 Posted: 02 Aug 2018 Last Revised: 05 Jun 2020
Michael Dambra, Bryce Schonberger and Charles E. Wasley
SUNY at Buffalo - School of Management, University of Colorado at Boulder - Leeds School of Business and Simon School, University of Rochester
Downloads 243 (136,857)

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

21.

Private Information Acquisition via Freedom of Information Act Requests

Number of pages: 48 Posted: 27 Apr 2020 Last Revised: 22 Jun 2020
Stephen Glaeser, Bryce Schonberger, Charles E. Wasley and Jason J. Xiao
University of North Carolina (UNC) at Chapel Hill - Accounting Area, University of Colorado at Boulder - Leeds School of Business, Simon School, University of Rochester and University of Rochester - Simon Business School
Downloads 222 (150,141)

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Freedom of Information Act, information search, private information acquisition, disclosure, agency costs, proprietary costs, competition, lawsuits

22.

Are Earnings Announcements a Timely Source of Macroeconomic Information?

29th Annual Conference on Financial Economics & Accounting 2018
Number of pages: 55 Posted: 26 Jul 2018 Last Revised: 30 Jun 2020
Jaewoo Kim, Bryce Schonberger, Charles E. Wasley and Yucheng (John) Yang
University of Oregon - Department of Accounting, University of Colorado at Boulder - Leeds School of Business, Simon School, University of Rochester and University of Rochester - Simon Business School
Downloads 98 (290,552)

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stock market volatility; aggregate earnings; daily earnings announcement news; macroeconomic news; exponential GARCH; recessions

23.

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, December 2019
Posted: 09 Mar 2020
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

24.

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

25.

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

26.

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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27.

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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