Maureen F. McNichols

Stanford University

Marriner S. Eccles Professor of Public and Private Management and Accounting

655 Knight Way

Stanford, CA 94305-5015

United States

  • Stanford University

    • Email
    • Tel: 650-723-0833
SCHOLARLY PAPERS

32

DOWNLOADS
Rank 1,987

SSRN RANKINGS

Top 1,987

in Total Papers Downloads

31,483

TOTAL CITATIONS
Rank 1,655

SSRN RANKINGS

Top 1,655

in Total Papers Citations

848

Scholarly Papers (32)

Actions:
Email selected abstracts
1.

Have Financial Statements Become Less Informative? Evidence from the Ability of Financial Ratios to Predict Bankruptcy

Number of pages: 55 Posted: 02 Feb 2005
William H. Beaver, Maureen F. McNichols and Jung-Wu Rhie
Stanford University, Stanford University and Stanford University - Graduate School of Business (Deceased)
Downloads 4,012 (5,611)
Citation 100

Abstract:

Loading...

Bankruptcy, accounting information, financial ratios

2.

Analyst Coverage and Intangible Assets

Downloads 3,188 ( 8,176)
Citation 67

Analyst Coverage and Intangible Assets

Number of pages: 56 Posted: 26 Mar 2001
Mary E. Barth, Ron Kasznik and Maureen F. McNichols
Stanford University - Graduate School of Business, Stanford Graduate School of Business and Stanford University
Downloads 3,188 (8,028)
Citation 67

Abstract:

Loading...

Analyst coverage, intangible assets

Analyst Coverage and Intangible Assets

Posted: 01 Mar 1998
Mary E. Barth, Ron Kasznik and Maureen F. McNichols
Stanford University - Graduate School of Business, Stanford Graduate School of Business and Stanford University

Abstract:

Loading...

3.

Can Investors Profit from the Prophets? Consensus Analyst Recommendations and Stock Returns

Number of pages: 47 Posted: 04 Nov 1998
Brad M. Barber, Reuven Lehavy, Maureen F. McNichols and Brett Trueman
University of California, Davis, University of Michigan, Stephen M. Ross School of Business, Stanford University and University of California, Los Angeles (UCLA) - Anderson School of Management
Downloads 3,078 (8,645)
Citation 57

Abstract:

Loading...

4.

Does Meeting Expectations Matter? Evidence from Analyst Forecast Revisions and Share Prices

Number of pages: 32 Posted: 08 Nov 1999
Ron Kasznik and Maureen F. McNichols
Stanford Graduate School of Business and Stanford University
Downloads 2,158 (15,212)
Citation 33

Abstract:

Loading...

5.

Prophets and Losses: Reassessing the Returns to Analysts' Stock Recommendations

Number of pages: 19 Posted: 18 May 2001
Brad M. Barber, Reuven Lehavy, Maureen F. McNichols and Brett Trueman
University of California, Davis, University of Michigan, Stephen M. Ross School of Business, Stanford University and University of California, Los Angeles (UCLA) - Anderson School of Management
Downloads 1,835 (19,703)
Citation 15

Abstract:

Loading...

6.

An Alternative Interpretation of the Discontinuity in Earnings Distributions

Number of pages: 55 Posted: 20 Jan 2004
William H. Beaver, Maureen F. McNichols and Karen K. Nelson
Stanford University, Stanford University and Texas Christian University - Department of Accounting
Downloads 1,627 (23,660)
Citation 60

Abstract:

Loading...

earnings management, earnings distributions, conservatism, taxes

7.

Buys, Holds, and Sells: The Distribution of Investment Banks' Stock Ratings and the Implications for the Profitability of Analysts' Recommendations

Downloads 1,596 (24,284)
Citation 33

Buys, Holds, and Sells: The Distribution of Investment Banks' Stock Ratings and the Implications for the Profitability of Analysts' Recommendations

Number of pages: 52 Posted: 06 Feb 2004
Brad M. Barber, Reuven Lehavy, Maureen F. McNichols and Brett Trueman
University of California, Davis, University of Michigan, Stephen M. Ross School of Business, Stanford University and University of California, Los Angeles (UCLA) - Anderson School of Management
Downloads 1,227 (35,354)
Citation 5

Abstract:

Loading...

Analyst, investment bank, broker, stock ratings, recommendations, NASD 2711

Buys, Holds, and Sells: The Distribution of Investment Banks' Stock Ratings and the Implications for the Profitability of Analysts' Recommendations

Number of pages: 52 Posted: 17 May 2006
Brad M. Barber, Reuven Lehavy, Maureen F. McNichols and Brett Trueman
University of California, Davis, University of Michigan, Stephen M. Ross School of Business, Stanford University and University of California, Los Angeles (UCLA) - Anderson School of Management
Downloads 369 (168,137)
Citation 28

Abstract:

Loading...

accounting, investment banks, stock ratings, profitability

Buys, Holds, and Sells: The Distribution of Investment Banks' Stock Ratings and the Implications for the Profitability of Analysts' Recommendations

Journal of Accounting & Economics (JAE), Forthcoming
Posted: 01 Mar 2006
Brad M. Barber, Reuven Lehavy, Maureen F. McNichols and Brett Trueman
University of California, Davis, University of Michigan, Stephen M. Ross School of Business, Stanford University and University of California, Los Angeles (UCLA) - Anderson School of Management

Abstract:

Loading...

Analyst, investment bank, broker, stock ratings, recommendations, NASD 2711

8.

Bankruptcy in Groups

Review of Accounting Studies 29(1): 3449-3496, November 2024, Stanford University Graduate School of Business Research Paper No. 15-48
Number of pages: 107 Posted: 20 Aug 2015 Last Revised: 25 Nov 2024
William H. Beaver, Stefano Cascino, Maria M. Correia and Maureen F. McNichols
Stanford University, London School of Economics, London School of Economics and Political Science and Stanford University
Downloads 1,580 (24,749)
Citation 3

Abstract:

Loading...

Bankruptcy, Credit risk, Business groups, Subsidiaries, Veil piercing, Related-party transactions, Regulation

9.

An Empirical Investigation of the True and Fair Override

LBS Accounting Subject Area Working Paper No. ACCT031, Rock Center for Corporate Governance Working Paper No. 44, Journal of Business, Finance and Accounting, pp. 1-30, January/March 2009
Number of pages: 49 Posted: 19 Feb 2003 Last Revised: 29 Sep 2009
Gilad Livne and Maureen F. McNichols
Queen Mary University of London - School of Business and Management and Stanford University
Downloads 1,267 (34,305)
Citation 3

Abstract:

Loading...

principles- vs. rules-based accounting, earnings quality, informativeness of financial statements, true and fair override.

10.

Delisting Returns and Their Effect on Accounting-Based Market Anomalies

Downloads 1,205 (36,890)
Citation 79

Delisting Returns and Their Effect on Accounting-Based Market Anomalies

Rock Center for Corporate Governance Working Paper No. 18
, Journal of Accounting and Economics, Vol. 43, pp. 341-368, 2007
Number of pages: 46 Posted: 07 Dec 2006 Last Revised: 29 Sep 2009
William H. Beaver, Maureen F. McNichols and Richard A. Price
Stanford University, Stanford University and University of Oklahoma
Downloads 1,205 (36,291)
Citation 79

Abstract:

Loading...

Delisting Returns, Anomalies, Market Efficiency, Accrual Anomaly, Trading Strategy

Delisting Returns and Their Effect on Accounting-Based Market Anomalies

Journal of Accounting and Economics (JAE) 43, issues 2+3, July 2007, 341-368
Posted: 25 Jan 2007 Last Revised: 13 Jan 2009
William H. Beaver, Maureen F. McNichols and Richard A. Price
Stanford University, Stanford University and University of Oklahoma

Abstract:

Loading...

Delisting Returns, Anomalies, Market Efficiency, Accrual Anomaly, Trading Strategy

11.

Management of the Loss Reserve Accrual and the Distribution of Earnings in the Property-Casualty Insurance Industry

Number of pages: 43 Posted: 21 Nov 2000
William H. Beaver, Maureen F. McNichols and Karen K. Nelson
Stanford University, Stanford University and Texas Christian University - Department of Accounting
Downloads 1,132 (40,447)
Citation 35

Abstract:

Loading...

Earnings management, losses, discretionary accruals, property-casualty insurance

12.

Group Affiliation and Default Prediction

Management Science 68 (8): 3559-3584, May 2019, Stanford University Graduate School of Business Research Paper No. 16-46
Number of pages: 86 Posted: 12 Oct 2016 Last Revised: 16 Aug 2019
William H. Beaver, Stefano Cascino, Maria M. Correia and Maureen F. McNichols
Stanford University, London School of Economics, London School of Economics and Political Science and Stanford University
Downloads 1,103 (42,090)
Citation 16

Abstract:

Loading...

Default prediction, Business groups, Consolidation, Financial reporting transparency, Credit spreads

13.

The Effect of Target-Firm Accounting Quality on Valuation in Acquisitions

Rock Center for Corporate Governance at Stanford University Working Paper No. 81
Number of pages: 39 Posted: 12 Jun 2010 Last Revised: 23 Sep 2012
Maureen F. McNichols and Stephen Stubben
Stanford University and University of Utah
Downloads 1,100 (42,237)
Citation 29

Abstract:

Loading...

accounting quality; valuation; mergers and acquisitions

14.

Have Changes in Financial Reporting Attributes Impaired the Ability of Financial Ratios to Assess Distress Risk?

Rock Center for Corporate Governance Working Paper No. 13
Number of pages: 42 Posted: 12 Feb 2009 Last Revised: 17 Jun 2019
William H. Beaver, Maria M. Correia and Maureen F. McNichols
Stanford University, London School of Economics and Political Science and Stanford University
Downloads 935 (52,961)
Citation 3

Abstract:

Loading...

bankruptcy, accounting information, financial ratios

15.

Increased Market Response to Earnings Announcements in the 21st Century: An Empirical Investigation

Journal of Accounting & Economics (JAE), 2020, Volume 69, Article 101244, Stanford University Graduate School of Business Research Paper No. 17-69
Number of pages: 77 Posted: 17 Nov 2017 Last Revised: 24 Mar 2020
William H. Beaver, Maureen F. McNichols and Zach Zhiguang Wang
Stanford University, Stanford University and Uber Technologies Inc.
Downloads 845 (60,852)
Citation 17

Abstract:

Loading...

capital markets, earnings announcements, information content, financial statements, management guidance, analyst forecasts

16.

The Information Content of Earnings Announcements: New Insights on Intertemporal and Cross-Sectional Behavior

Review of Accounting Studies, March 2018, Volume 23, Issue 1, pp 95-135, Stanford University Graduate School of Business Research Paper No. 16-40, Rock Center for Corporate Governance at Stanford University Working Paper No. 221
Number of pages: 56 Posted: 27 Jul 2016 Last Revised: 13 Mar 2018
William H. Beaver, Maureen F. McNichols and Zach Zhiguang Wang
Stanford University, Stanford University and Uber Technologies Inc.
Downloads 820 (63,403)
Citation 270

Abstract:

Loading...

capital markets; earnings announcements; information content; return volatility

17.

Analyst Impartiality and Investment Banking Relationships

Number of pages: 52 Posted: 02 May 2005
Patricia C. O'Brien, Maureen F. McNichols and Hsiou-Wei Lin
University of Waterloo, Stanford University and National Taiwan University
Downloads 703 (77,578)
Citation 7

Abstract:

Loading...

Analyst, investment banking, stock recommendation, incentives, equity offerings

18.

Two-Sided Matching in the Audit Market

Forthcoming, The Accounting Review https://doi.org/10.2308/TAR-2022-0074
Number of pages: 57 Posted: 15 Feb 2018 Last Revised: 29 Jan 2025
Ken Li, Maureen F. McNichols and Aneesh Raghunandan
McMaster University - Michael G. DeGroote School of Business, Stanford University and Yale School of Management
Downloads 667 (82,909)
Citation 1

Abstract:

Loading...

Auditing, Audit markets, Audit quality, Auditor selection, Two-sided matching

19.

The Costs and Benefits of Long-Short Investing: A Perspective on the Market Efficiency Literature

Journal of Accounting Literature, Forthcoming
Number of pages: 45 Posted: 22 Mar 2014 Last Revised: 01 Oct 2016
William H. Beaver, Maureen F. McNichols and Richard A. Price
Stanford University, Stanford University and University of Oklahoma
Downloads 655 (84,907)
Citation 1

Abstract:

Loading...

Accounting-Based Anomalies; Long-Short Strategies; Short Selling; Market Efficiency; Sharpe Ratio; Short Interest Rebates

20.

That Ship Has Sailed: Unaffiliated Analysts' Recommendation Performance for IPO Firms

Number of pages: 44 Posted: 22 Mar 2006
Maureen F. McNichols, Patricia C. O'Brien and Omer M. Pamukcu
Stanford University, University of Waterloo and University of Waterloo - School of Accounting and Finance
Downloads 488 (122,632)
Citation 10

Abstract:

Loading...

financial analysts, investment banking, recommendations, stock performance, conflict of interest

21.

Research Design Issues in Studies Using Discretionary Accruals

Number of pages: 32 Posted: 07 May 2018
Maureen F. McNichols and Stephen Stubben
Stanford University and University of Utah
Downloads 485 (123,577)
Citation 7

Abstract:

Loading...

discretionary accruals, earnings management, research design

22.

Conservatism Correction for the Market-to-Book Ratio and Tobin's q

CESifo Working Paper Series No. 4626, Rock Center for Corporate Governance at Stanford University Working Paper No. 176
Number of pages: 54 Posted: 06 Mar 2014
Maureen F. McNichols, Madhav V. Rajan and Stefan J. Reichelstein
Stanford University, Booth School of Business, University of Chicago and Stanford University - Stanford Graduate School of Business
Downloads 443 (137,782)

Abstract:

Loading...

23.

The Market for Accountants

The Wharton School Research Paper
Number of pages: 68 Posted: 22 Jan 2025 Last Revised: 14 Feb 2025
Bong-Geun Choi, Jung Ho Choi, Maureen F. McNichols and Frank Zhou
Yonsei University, Stanford Graduate School of Business, Stanford University and University of Pennsylvania - The Wharton School
Downloads 264 (245,680)

Abstract:

Loading...

24.

Decoding Social Disclosure Decisions: A Field Experiment with Workforce Diversity Data

Stanford University Graduate School of Business Research Paper No. 5002242
Number of pages: 81 Posted: 21 Nov 2024
Jung Ho Choi, Maureen F. McNichols and Maximilian Muhn
Stanford Graduate School of Business, Stanford University and University of Chicago - Booth School of Business
Downloads 188 (336,600)

Abstract:

Loading...

Workforce Diversity, EEO-1, Social Disclosure, Investors, Employees, Investor Relations, Human Resources, Field Experiment, FOIA, Financial Materiality, Double Materiality

25.

Have Changes in Financial Reporting Attributes Impaired Informativeness? Evidence from the Ability of Financial Ratios to Predict Bankruptcy

Rock Center for Corporate Governance Working Paper No. 13 (2008)
Number of pages: 60 Posted: 24 May 2019
William H. Beaver, Maureen F. McNichols and Maria Correia
Stanford University, Stanford University and Stanford Graduate School of Business
Downloads 109 (522,334)
Citation 1

Abstract:

Loading...

bankruptcy, accounting information, financial ratios

26.

Does Earnings Management Affect Firms' Investment Decisions?

Accounting Review, Forthcoming
Posted: 22 Jul 2008
Maureen F. McNichols and Stephen Stubben
Stanford University and University of Utah

Abstract:

Loading...

earnings management, capital investment

27.

Reassessing the Returns to Analysts' Stock Recommendations

Financial Analysts Journal, Vol. 59, No. 2, March/April 2003
Posted: 20 May 2003
Brad M. Barber, Reuven Lehavy, Maureen F. McNichols and Brett Trueman
University of California, Davis, University of Michigan, Stephen M. Ross School of Business, Stanford University and University of California, Los Angeles (UCLA) - Anderson School of Management

Abstract:

Loading...

Equity Investments: fundamental analysis and valuation models

28.

The Characteristics and Valuation of Loss Reserves of Property Casualty Insurers

Posted: 17 Sep 1999
William H. Beaver and Maureen F. McNichols
Stanford University and Stanford University

Abstract:

Loading...

29.

Institutional Trading and Corporate Earnings and Returns

1460 STANFORD UNIVERSITY WORKING PAPER SERIES
Posted: 18 May 1998
Mark H. Lang and Maureen F. McNichols
University of North Carolina at Chapel Hill and Stanford University

Abstract:

Loading...

30.

Factors Influencing Firms' Disclosures About Environmental Liabilities

Posted: 05 May 1998
Mary E. Barth, Maureen F. McNichols and G. Peter Wilson
Stanford University - Graduate School of Business, Stanford University and Massachusetts Institute of Technology (MIT)

Abstract:

Loading...

31.

Underwriting Relationships and Analysts' Earnings Forecasts and Investment Recommendations

Posted: 25 Jun 1997
Hsiou-Wei Lin and Maureen F. McNichols
National Taiwan University and Stanford University

Abstract:

Loading...

32.

Self-Selection and Analyst Coverage

Posted: 25 Nov 1996
Maureen F. McNichols and Patricia C. O'Brien
Stanford University and University of Waterloo

Abstract:

Loading...