Robert M. Bushman

University of North Carolina Kenan-Flagler Business School

Professor

McColl Building

Chapel Hill, NC 27599-3490

United States

http://public.kenan-flagler.unc.edu/faculty/bushmanr/

  • University of North Carolina Kenan-Flagler Business School

    • Email
    • Tel: 919-962-9809
SCHOLARLY PAPERS

33

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487

Scholarly Papers (33)

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1.

Financial Accounting Information and Corporate Governance

Downloads 17,066 ( 283)

Financial Accounting Information and Corporate Governance

Journal of Accounting & Economics (JAE), Vol. 32, No. 1-3, 2001
Number of pages: 115 Posted: 28 Apr 2002 Last Revised: 17 May 2021
Robert M. Bushman and Abbie J. Smith
University of North Carolina Kenan-Flagler Business School and University of Chicago - Booth School of Business
Downloads 17,066 (278)
Citation 119

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Corporate governance; Financial accounting; Incentive contracts

Financial Accounting Information and Corporate Governance

Posted: 25 Oct 2001
Robert M. Bushman and Abbie J. Smith
University of North Carolina Kenan-Flagler Business School and University of Chicago - Booth School of Business

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Corporate governance; Financial accounting; Incentive contracts

2.

Transparency, Financial Accounting Information, and Corporate Governance

Economic Policy Review, Vol. 9, No. 1, April 2003
Number of pages: 23 Posted: 07 Sep 2005
Robert M. Bushman and Abbie J. Smith
University of North Carolina Kenan-Flagler Business School and University of Chicago - Booth School of Business
Downloads 11,112 (633)
Citation 3

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financial accounting, corporate governance, transparency

3.

What Determines Corporate Transparency?

Journal of Accounting Research 2004 , 42 (2)
Number of pages: 53 Posted: 30 Aug 2003 Last Revised: 07 Sep 2017
Robert M. Bushman, Joseph D. Piotroski and Abbie J. Smith
University of North Carolina Kenan-Flagler Business School, Stanford Graduate School of Business and University of Chicago - Booth School of Business
Downloads 4,643 (2,860)
Citation 176

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corporate transparency, international accounting, corporate governance, disclosure, law, political economy

4.

Financial Accounting Information, Organizational Complexity and Corporate Governance Systems

Journal of Accounting and Economics 37 (2004), 167-201
Number of pages: 41 Posted: 13 Oct 2000 Last Revised: 07 Sep 2017
Robert M. Bushman, Qi Chen, Ellen Engel and Abbie J. Smith
University of North Carolina Kenan-Flagler Business School, Duke University - Fuqua School of Business, University of Illinois at Chicago - College of Business Administration and University of Chicago - Booth School of Business
Downloads 2,973 (6,110)
Citation 52

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Corporate governance, corporate transparency, earnings timeliness, organizational complexity, diversification

5.

Investment Cash Flow Sensitivities Really Reflect Related Investment Decisions

Number of pages: 52 Posted: 11 Nov 2005 Last Revised: 02 Sep 2012
Robert M. Bushman, Abbie J. Smith and Frank Zhang
University of North Carolina Kenan-Flagler Business School, University of Chicago - Booth School of Business and Yale School of Management
Downloads 2,176 (10,021)
Citation 28

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Accruals, Cash flows, growth, investment-cash flow sensitivity

6.

Financial Reporting Incentives for Conservative Accounting: The Influence of Legal and Political Institutions

Journal of Accounting and Economics Vol. 42 (October 2006), pp. 107-48.
Number of pages: 64 Posted: 19 Jan 2005 Last Revised: 06 Sep 2017
Robert M. Bushman and Joseph D. Piotroski
University of North Carolina Kenan-Flagler Business School and Stanford Graduate School of Business
Downloads 1,947 (12,029)
Citation 28

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Financial reporting, political and legal institutions, conservatism, incentives

7.

The Pros and Cons of Regulating Corporate Reporting: A Critical Review of the Arguments

Accounting and Business Research Vol. 40 Number 3, 2010
Number of pages: 38 Posted: 25 Mar 2010 Last Revised: 07 Sep 2017
Robert M. Bushman and Wayne R. Landsman
University of North Carolina Kenan-Flagler Business School and University of North Carolina Kenan-Flagler Business School
Downloads 1,940 (12,086)
Citation 5

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Regulation

8.

An Analysis of the Relation between the Stewardship and Valuation Roles of Earnings

Journal of Accounting Research Volume 44 Number 1 March 2006, pp. 53-83
Number of pages: 45 Posted: 24 May 2000 Last Revised: 05 Sep 2017
Robert M. Bushman, Ellen Engel and Abbie J. Smith
University of North Carolina Kenan-Flagler Business School, University of Illinois at Chicago - College of Business Administration and University of Chicago - Booth School of Business
Downloads 1,281 (22,860)
Citation 24

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9.

Accounting Discretion, Loan Loss Provisioning and Discipline of Banks' Risk-Taking

Journal of Accounting & Economics (JAE), Vol. 54, Issue 1, pp. 1-18, August 2012
Number of pages: 48 Posted: 11 Dec 2009 Last Revised: 17 Jan 2013
Robert M. Bushman and Christopher D. Williams
University of North Carolina Kenan-Flagler Business School and University of Michigan, Stephen M. Ross School of Business
Downloads 1,277 (22,958)
Citation 76

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Smoothing, Timeliness, Accounting Quality, Loan Loss Provisions, Discretion, Risk, Banks

10.

An Empirical Investigation of Trends in the Absolute and Relative Use of Earnings in Determining Cash Compensation of CEOS

Number of pages: 41 Posted: 07 Oct 1998
Robert M. Bushman, Ellen Engel, Jennifer Milliron and Abbie J. Smith
University of North Carolina Kenan-Flagler Business School, University of Illinois at Chicago - College of Business Administration, Chicago Partners, LLC and University of Chicago - Booth School of Business
Downloads 1,104 (28,436)
Citation 9

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11.

Bank Competition: Measurement, Decision-Making, and Risk-Taking

Downloads 1,084 ( 29,130)

Bank Competition: Measurement, Decision-Making, and Risk-Taking

Journal of Accounting Research, Forthcoming
Number of pages: 68 Posted: 30 Jun 2014 Last Revised: 05 Jan 2016
Robert M. Bushman, Bradley E. Hendricks and Christopher D. Williams
University of North Carolina Kenan-Flagler Business School, University of North Carolina (UNC) at Chapel Hill - Kenan-Flagler Business School and University of Michigan, Stephen M. Ross School of Business
Downloads 1,084 (28,692)
Citation 15

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banking, competition, stability, financial statement analysis, regulation, contracting, timely loss recognition

Bank Competition: Measurement, Decision-Making, and Risk-Taking

Journal of Accounting Research, Vol. 54, No. 3, 2016
Posted: 22 Oct 2016
Robert M. Bushman, Bradley E. Hendricks and Christopher D. Williams
University of North Carolina Kenan-Flagler Business School, University of North Carolina (UNC) at Chapel Hill - Kenan-Flagler Business School and University of Michigan, Stephen M. Ross School of Business

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banking, competition, stability, financial statement analysis, regulation, contracting, timely loss recognition

12.

The Changing Landscape of Accrual Accounting

Downloads 1,033 ( 31,228)
Citation 24

The Changing Landscape of Accrual Accounting

Number of pages: 55 Posted: 06 Nov 2014 Last Revised: 27 Oct 2015
Robert M. Bushman, Alina Lerman and Frank Zhang
University of North Carolina Kenan-Flagler Business School, University of Connecticut - Department of Accounting and Yale School of Management
Downloads 584 (66,358)
Citation 2

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accrual accounting, accruals, cash flows, earnings management, accrual quality

The Changing Landscape of Accrual Accounting

Journal of Accounting Research, Forthcoming
Number of pages: 55 Posted: 30 Nov 2015
Robert M. Bushman, Alina Lerman and Frank Zhang
University of North Carolina Kenan-Flagler Business School, University of Connecticut - Department of Accounting and Yale School of Management
Downloads 449 (91,754)
Citation 18

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accrual accounting, accruals, cash flows, earnings management, accrual quality

The Changing Landscape of Accrual Accounting

Journal of Accounting Research, Vol. 54, No. 1, 2016
Posted: 19 Jun 2016
Robert M. Bushman, Alina Lerman and Frank Zhang
University of North Carolina Kenan-Flagler Business School, University of Connecticut - Department of Accounting and Yale School of Management

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accrual accounting;accruals;cash flows;earnings management;accrual quality

13.

The Debt Contracting Value of Accounting Information and Loan Syndicate Structure

Downloads 994 ( 32,956)
Citation 110

The Debt Contracting Value of Accounting Information and Loan Syndicate Structure

Number of pages: 46 Posted: 05 Sep 2006
Ryan T. Ball, Robert M. Bushman and Florin P. Vasvari
The Stephen M. Ross School of Business at the University of Michigan, University of North Carolina Kenan-Flagler Business School and London Business School
Downloads 573 (68,020)
Citation 11

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Syndicate Structure, Performance Pricing, Performance Measures, Debt Contracting, Syndicated Loans, Earnings Quality

The Debt Contracting Value of Accounting Information and Loan Syndicate Structure

Journal of Accounting Research, May 2008
Number of pages: 52 Posted: 14 May 2008
Ryan T. Ball, Robert M. Bushman and Florin P. Vasvari
The Stephen M. Ross School of Business at the University of Michigan, University of North Carolina Kenan-Flagler Business School and London Business School
Downloads 421 (98,865)
Citation 14

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Syndicate Structure, Performance Pricing, Performance Measures, Debt Contracting, Syndicated Loans, Earnings Quality

14.

Insider Trading Restrictions and Analysts' Incentives to Follow Firms

Journal of Finance, Volume 60, February 2005
Number of pages: 46 Posted: 18 Feb 2003 Last Revised: 07 Sep 2017
Robert M. Bushman, Joseph D. Piotroski and Abbie J. Smith
University of North Carolina Kenan-Flagler Business School, Stanford Graduate School of Business and University of Chicago - Booth School of Business
Downloads 936 (35,908)
Citation 23

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insider trading, analyst following, enforcement of laws

15.

Transparency, Accounting Discretion, and Bank Stability

Downloads 868 ( 39,880)
Citation 5

Transparency, Accounting Discretion, and Bank Stability

Economic Policy Review, Issue Aug, pp. 129-149, 2016
Number of pages: 21 Posted: 23 Aug 2016 Last Revised: 16 Dec 2017
Robert M. Bushman
University of North Carolina Kenan-Flagler Business School
Downloads 499 (80,865)
Citation 3

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transparency, banks, accounting discretion, delayed expected loss recognition, DELR, regulatory forbearance

Transparency, Accounting Discretion and Bank Stability

Economic Policy Review, Forthcoming
Number of pages: 42 Posted: 30 Jun 2015
Robert M. Bushman
University of North Carolina Kenan-Flagler Business School
Downloads 369 (115,066)

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Banking; Accounting discretion; Bank transparency; Bank risk

16.

The Informational Role of the Media in Private Lending

Downloads 841 ( 41,648)
Citation 31

The Informational Role of the Media in Private Lending

Journal of Accounting Research, Forthcoming
Number of pages: 54 Posted: 05 Jan 2014 Last Revised: 10 Jun 2016
Robert M. Bushman, Christopher D. Williams and Regina Wittenberg Moerman
University of North Carolina Kenan-Flagler Business School, University of Michigan, Stephen M. Ross School of Business and University of Southern California
Downloads 841 (41,084)
Citation 31

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media, relationship lending, syndicate structure, lead arranger, sentiment

The Informational Role of the Media in Private Lending

Journal of Accounting Research, Vol. 55, No. 1, March 2017
Posted: 25 Jul 2017
Robert M. Bushman, Christopher D. Williams and Regina Wittenberg Moerman
University of North Carolina Kenan-Flagler Business School, University of Michigan, Stephen M. Ross School of Business and University of Southern California

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Media; Relationship Lending; Syndicate Structure; Lead Arranger; Sentiment

17.

Bank CEO Materialism: Risk Controls, Culture and Tail Risk

Forthcoming, Journal of Accounting and Economics
Number of pages: 64 Posted: 17 May 2016 Last Revised: 05 Dec 2017
Robert M. Bushman, Robert H. Davidson, Aiyesha Dey and Abbie J. Smith
University of North Carolina Kenan-Flagler Business School, Virginia Polytechnic Institute & State University - Department of Accounting and Information Systems, Harvard Business School and University of Chicago - Booth School of Business
Downloads 700 (53,257)
Citation 11

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Corporate Culture, Banks, Risk Management,Tail Risk

18.

Thoughts on Financial Accounting and the Banking Industry

Journal of Accounting and Economics 2014, 58, 384-395
Number of pages: 40 Posted: 16 Nov 2014 Last Revised: 16 May 2016
Robert M. Bushman
University of North Carolina Kenan-Flagler Business School
Downloads 670 (56,299)
Citation 11

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Banking; Accounting discretion; Bank transparency; Bank risk

19.

Price Discovery and Dissemination of Private Information by Loan Syndicate Participants

Journal of Accounting Research, Vol. 48 No. 5 December 2010
Number of pages: 71 Posted: 22 Mar 2009 Last Revised: 07 Sep 2017
Robert M. Bushman, Abbie J. Smith and Regina Wittenberg Moerman
University of North Carolina Kenan-Flagler Business School, University of Chicago - Booth School of Business and University of Southern California
Downloads 618 (62,460)
Citation 10

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price discovery, syndicated loan market, private information in the loan market, institutional investors, earnings announcements, secondary loan market

20.

Does Secondary Loan Market Trading Destroy Lenders’ Incentives?

Chicago Booth Research Paper No. 09-45
Number of pages: 56 Posted: 03 Nov 2009 Last Revised: 02 Sep 2012
Robert M. Bushman and Regina Wittenberg Moerman
University of North Carolina Kenan-Flagler Business School and University of Southern California
Downloads 604 (64,302)
Citation 5

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syndicated loan market, secondary loan market, loan trading, lenders' incentives, originate-to-distribute model of bank credit, reputation of the lead arranger of syndication

21.

The Role of Bank Reputation in 'Certifying' Future Performance Implications of Borrowers' Accounting Numbers

Journal of Accounting Research, 2012, Volume 50, Issue 4, 883-930.
Number of pages: 69 Posted: 03 Jan 2011 Last Revised: 16 May 2016
Robert M. Bushman and Regina Wittenberg Moerman
University of North Carolina Kenan-Flagler Business School and University of Southern California
Downloads 568 (69,536)
Citation 2

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bank reputation, earnings quality, earnings persistence, syndicated loan market, debt contracting, bank certification, arranger of syndication

22.

Delayed Expected Loss Recognition and the Risk Profile of Banks

Downloads 547 ( 72,886)
Citation 35

Delayed Expected Loss Recognition and the Risk Profile of Banks

Journal of Accounting Research, Volume 53, Issue 3, 511–553, June 2015.
Number of pages: 57 Posted: 02 Mar 2013 Last Revised: 07 Sep 2017
Robert M. Bushman and Christopher D. Williams
University of North Carolina Kenan-Flagler Business School and University of Michigan, Stephen M. Ross School of Business
Downloads 547 (72,076)
Citation 35

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Bank, Transparency, Loan Loss Provisions, Delayed Loss Recognition, Risk, Systemic Risk

Delayed Expected Loss Recognition and the Risk Profile of Banks

Journal of Accounting Research, Vol. 53, No. 3, 2015
Posted: 22 May 2015
Robert M. Bushman and Christopher D. Williams
University of North Carolina Kenan-Flagler Business School and University of Michigan, Stephen M. Ross School of Business

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bank, transparency, loan loss provisions, delayed loss recognition, risk, systemic risk

23.

Private Pre-Decision Information, Performance Measure Congruity and the Value of Delegation

Downloads 530 ( 75,830)
Citation 7

Private Pre-Decision Information, Performance Measure Congruity and the Value of Delegation

Contemporary Accounting Research , Vol. 17 Winter 2000 pp. 561-587
Number of pages: 34 Posted: 12 Sep 2000 Last Revised: 08 Sep 2017
Robert M. Bushman, Raffi Indjejikian and Mark Penno
University of North Carolina Kenan-Flagler Business School, University of Michigan at Ann Arbor - Accounting and University of Iowa - Department of Accounting
Downloads 530 (75,013)
Citation 7

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Private pre-decision information, Performance measure congruity, Delegation

Private Pre-Decision Information, Performance Measure Congruity and the Value of Delegation

Contemporary Accounting Research , Vol. 17 Winter 2000 pp. 561-587
Posted: 12 Sep 2000 Last Revised: 08 Sep 2017
Robert M. Bushman, Raffi Indjejikian and Mark Penno
University of North Carolina Kenan-Flagler Business School, University of Michigan at Ann Arbor - Accounting and University of Iowa - Department of Accounting

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24.

Risk and CEO Turnover

Journal of Financial Economics Volume 96, Issue 3, June 2010, Pages 381-398
Number of pages: 50 Posted: 07 Aug 2009 Last Revised: 07 Sep 2017
Robert M. Bushman, Zhonglan Dai and Xue Wang
University of North Carolina Kenan-Flagler Business School, University of Texas at Dallas - School of Management and Ohio State University - Fisher College of Business
Downloads 474 (86,826)
Citation 17

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CEO turnover, Idiosyncratic risk, systematic risk

25.

The Influence of Loan Officers on Loan Contract Design and Performance

Journal of Accounting & Economics (JAE), Vol. 71, No. 1, 2021
Number of pages: 60 Posted: 09 Aug 2019 Last Revised: 06 Dec 2020
Robert M. Bushman, Janet Gao, Xiumin Martin and Joseph Pacelli
University of North Carolina Kenan-Flagler Business School, McDonough School of Business, Washington University in Saint Louis - Olin School of Business and Harvard Business School
Downloads 424 (98,893)
Citation 4

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Loan officers, banking, covenants, interest spreads, syndicated loans

26.

Capital Allocation and Timely Accounting Recognition of Economic Losses

Downloads 422 ( 99,426)
Citation 73

Capital Allocation and Timely Accounting Recognition of Economic Losses

Journal of Business, Finance and Accounting, Vol. 38, Nos. 1 & 2, 2011
Number of pages: 53 Posted: 04 Jan 2011
Robert M. Bushman, Joseph D. Piotroski and Abbie J. Smith
University of North Carolina Kenan-Flagler Business School, Stanford Graduate School of Business and University of Chicago - Booth School of Business
Downloads 419 (99,397)

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Investment, accounting, governance, timely loss recognition

Capital Allocation and Timely Accounting Recognition of Economic Losses

Journal of Business Finance & Accounting, Vol. 38, Nos. 1-2, pp. 1-33, 2011
Number of pages: 33 Posted: 16 Mar 2011
Robert M. Bushman, Joseph D. Piotroski and Abbie J. Smith
University of North Carolina Kenan-Flagler Business School, Stanford Graduate School of Business and University of Chicago - Booth School of Business
Downloads 3 (920,530)
Citation 15

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investment, accounting, governance, timely loss recognition

27.

Informativeness and Timeliness of 10-K Text Similarity for Predicting Tail-Risk Comovement

Number of pages: 48 Posted: 12 Jun 2017 Last Revised: 13 Jun 2017
Robert M. Bushman, Jason V. Chen and Christopher D. Williams
University of North Carolina Kenan-Flagler Business School, University of Illinois at Chicago and University of Michigan, Stephen M. Ross School of Business
Downloads 382 (111,508)
Citation 1

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Textual analysis, Banking, risk, text similarity, boilerplate disclosure

28.

Management Team Incentive Dispersion and Firm Performance

Accounting Review, January 2016, Vol. 91, No. 1, 21-45
Number of pages: 57 Posted: 15 Mar 2012 Last Revised: 16 May 2016
Robert M. Bushman, Zhonglan Dai and Weining Zhang
University of North Carolina Kenan-Flagler Business School, University of Texas at Dallas - School of Management and Cheung Kong Graduate School of Business
Downloads 320 (135,273)
Citation 7

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team incentive dispersion; firm performance; PPS; cooperation

29.

Bank Supervision and Managerial Control Systems: The Case of Minority Lending

Downloads 301 (144,273)

Bank Supervision and Managerial Control Systems: The Case of Minority Lending

Proceedings of Paris December 2021 Finance Meeting EUROFIDAI - ESSEC, Kenan Institute of Private Enterprise Research Paper No. 3825119, Chicago Booth Research Paper No. 21-12, Fama-Miller Working Paper
Number of pages: 54 Posted: 20 Apr 2021 Last Revised: 31 Aug 2022
Byeongchan An, Robert M. Bushman, Anya Kleymenova and Rimmy E. Tomy
University of Utah, David Eccles School of Business, Students, University of North Carolina Kenan-Flagler Business School, Board of Governors of the Federal Reserve System and University of Chicago
Downloads 274 (158,171)

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Banking, Competition, Deposits, Disclosure, Discrimination, Enforcement actions, Internal controls, Internal audit, Loan policy, Mortgage lending

Social Externalities of Bank Enforcement Actions: The Case of Minority Lending

FEDS Working Paper No. 2022-36
Number of pages: 53 Posted: 07 Jun 2022
Byeongchan An, Robert M. Bushman, Anya Kleymenova and Rimmy E. Tomy
University of Utah, David Eccles School of Business, Students, University of North Carolina Kenan-Flagler Business School, Board of Governors of the Federal Reserve System and University of Chicago
Downloads 27 (679,217)

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Banking, Competition, Disclosure, Discrimination, Enforcement actions, Mortgage lending

30.

The Influence of Short Selling on the Production and Market Consequences of Negative Press Coverage

Number of pages: 48 Posted: 05 Sep 2020 Last Revised: 09 Sep 2020
Robert M. Bushman and Jedson Pinto
University of North Carolina Kenan-Flagler Business School and University of Texas at Dallas
Downloads 219 (197,542)

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Short Selling, News Media, Negative News, Securities Regulation

31.

Cash-based bonus plans as a strategic communication, coordination and commitment mechanism

Journal of Accounting & Economics (JAE), Forthcoming, Kenan Institute of Private Enterprise Research Paper No. 2021-08
Number of pages: 16 Posted: 16 Aug 2021
Robert M. Bushman
University of North Carolina Kenan-Flagler Business School
Downloads 192 (222,658)

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Executive Compensation, bonus plans, strategic communication, coordination, commitment

32.

Information from Implied Volatility Comovements and Insider Trades

SMU Cox School of Business Research Paper No. 22-02
Number of pages: 54 Posted: 20 Jan 2022 Last Revised: 06 Apr 2022
Robert M. Bushman, Vivek Raval and Sean Wang
University of North Carolina Kenan-Flagler Business School, University of Illinois at Chicago - Department of Accounting and Southern Methodist University (SMU) - Accounting Department
Downloads 122 (321,009)

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Volatility, Accounting Earnings, Macroeconomy, Insider Trading, Forecasting, Bellwether

33.

Earnings Announcements and Market Depth

Downloads 0 (927,392)

Earnings Announcements and Market Depth

Posted: 07 Jul 1998
Robert M. Bushman, Sunil Dutta, John S. Hughes and Raffi Indjejikian
University of North Carolina Kenan-Flagler Business School, University of California, Berkeley - Haas School of Business, University of California at Los Angeles and University of Michigan at Ann Arbor - Accounting

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Earnings Announcements and Market Depth

Posted: 11 Sep 1996
Robert M. Bushman and Sunil Dutta
University of North Carolina Kenan-Flagler Business School and University of California, Berkeley - Haas School of Business

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