Paul A. Griffin

University of California, Davis - Graduate School of Management

Professor of Management

3102 Gallahger Hall

Davis, CA 95616

United States

http://www.gsm.ucdavis.edu/griffin/

University of California, Davis

Professor

One Shields Avenue

Davis, CA 95616

United States

SCHOLARLY PAPERS

39

DOWNLOADS
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Top 1,805

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14,256

CITATIONS
Rank 2,363

SSRN RANKINGS

Top 2,363

in Total Papers Citations

237

Scholarly Papers (39)

1.

Stock Price Response to News of Securities Fraud Litigation: Market Efficiency and the Slow Diffusion of Costly Information

Stanford Law and Economics Olin Working Paper No. 208
Number of pages: 59 Posted: 06 Dec 2000
Paul A. Griffin, Joseph Grundfest and Michael A. Perino
University of California, Davis - Graduate School of Management, Stanford University Law School and St. John's University School of Law
Downloads 2,242 (4,071)
Citation 13

Abstract:

Securities class action litigation, stock market response, economic impact, Securities Law Reform, efficient market hypothesis

Corporate Governance and Audit Fees: Evidence of Countervailing Relations

Number of pages: 55 Posted: 14 Dec 2007 Last Revised: 04 Sep 2008
Paul A. Griffin, David H. Lont and Estelle Sun
University of California, Davis - Graduate School of Management, University of Otago - Department of Accountancy and Finance and Boston University - Questrom School of Business
Downloads 1,405 (9,672)
Citation 5

Abstract:

Auditing, audit fees, corporate governance, Sarbanes-Oxley

Corporate Governance and Audit Fees: Evidence of Countervailing Relations

Journal of Contemporary Accounting and Economics, Forthcoming
Posted: 15 May 2008 Last Revised: 04 Sep 2008
Paul A. Griffin, David H. Lont and Estelle Sun
University of California, Davis - Graduate School of Management, University of Otago - Department of Accountancy and Finance and Boston University - Questrom School of Business

Abstract:

Auditing, audit fees, corporate governance, Sarbanes-Oxley

3.

Going Green: Market Reaction to CSR Newswire Releases

Journal of Accounting and Public Policy, Vol. 32, No. 2, 2013
Posted: 30 Jan 2012 Last Revised: 24 Oct 2015
Paul A. Griffin and Estelle Sun
University of California, Davis - Graduate School of Management and Boston University - Questrom School of Business

Abstract:

Climate change voluntary disclosure, CSR newswire service, greenhouse gas emission information, event study, Fama-French model

4.

The Relevance to Investors of Greenhouse Gas Emission Disclosures

UC Davis Graduate School of Management Research Paper No. 01-11
Number of pages: 60 Posted: 06 Jan 2011 Last Revised: 14 Apr 2015
Paul A. Griffin, David H. Lont and Estelle Sun
University of California, Davis - Graduate School of Management, University of Otago - Department of Accountancy and Finance and Boston University - Questrom School of Business
Downloads 1,153 (9,749)
Citation 2

Abstract:

Greenhouse gas emissions, investor relevance, Canadian and U.S. disclosure regulations, event study.

5.

The Effects of Auditor Dismissals and Resignations on Audit Fees: Evidence Based on SEC Disclosures Under Sarbanes-Oxley

Number of pages: 60 Posted: 21 Feb 2005
Paul A. Griffin and David H. Lont
University of California, Davis - Graduate School of Management and University of Otago - Department of Accountancy and Finance
Downloads 987 (15,716)
Citation 4

Abstract:

Auditor dismissal, auditor resignation, audit fees, SEC disclosures, Sarbanes-Oxley

6.

Non‐Audit Fees and Auditor Independence: New Evidence Based on Going Concern Opinions for U.S. Companies Under Stress

Number of pages: 47 Posted: 06 Jan 2010
Paul A. Griffin and David H. Lont
University of California, Davis - Graduate School of Management and University of Otago - Department of Accountancy and Finance
Downloads 745 (23,439)
Citation 2

Abstract:

Auditor independence, non-audit fees, fee ratio, going concern opinion, auditor

A League of Their Own? Financial Analysts' Responses to Restatements and Corrective Disclosures

Number of pages: 47 Posted: 11 Oct 2002
Paul A. Griffin
University of California, Davis - Graduate School of Management
Downloads 720 (26,777)
Citation 21

Abstract:

analysts' forecast, corrective disclosure, securities class action litigation

A League of Their Own? Financial Analysts' Responses to Restatements and Corrective Disclosures

Journal of Accounting, Auditing, & Finance, Forthcoming
Posted: 25 Jun 2003
Paul A. Griffin
University of California, Davis - Graduate School of Management

Abstract:

analysts' forecast, corrective disclousre, restatement, securities class action litigation

Agency Problems and Audit Fees: Further Tests of the Free Cash Flow Hypothesis

UC Davis Graduate School of Management Research Paper No. 07-09
Number of pages: 37 Posted: 08 Feb 2009 Last Revised: 21 Jul 2009
Paul A. Griffin, David H. Lont and Estelle Sun
University of California, Davis - Graduate School of Management, University of Otago - Department of Accountancy and Finance and Boston University - Questrom School of Business
Downloads 601 (34,327)
Citation 1

Abstract:

Audit fees, Free cash flow hypothesis, Agency problems

Agency Problems and Audit Fees: Further Tests of the Free Cash Flow Hypothesis

Accounting & Finance, Vol. 50, No. 2, pp. 321-350, June 2010
Number of pages: 30 Posted: 04 Jun 2010
Paul A. Griffin, David H. Lont and Estelle Sun
University of California, Davis - Graduate School of Management, University of Otago - Department of Accountancy and Finance and Boston University - Questrom School of Business
Downloads 2 (554,425)
Citation 1

Abstract:

Agency Problems and Audit Fees: Further Tests of the Free Cash Flow Hypothesis

Accounting and Finance, UC Davis Graduate School of Management Research Paper No. 19-09
Posted: 13 Sep 2009
Paul A. Griffin, David H. Lont and Estelle Sun
University of California, Davis - Graduate School of Management, University of Otago - Department of Accountancy and Finance and Boston University - Questrom School of Business

Abstract:

Audit fees, Free cash flow hypothesis, Agency problems

9.

An Economic Analysis of Auditor Independence for a Multi-Client, Multi-Service Public Accounting Firm

Number of pages: 33 Posted: 03 Sep 2009
Yale School of Management, University of California, Davis - Graduate School of Management, Institute for Business Innovation and University of California, Berkeley - Business & Public Policy Group
Downloads 590 (29,110)
Citation 19

Abstract:

auditor independence, economic analysis, public accounting firm

10.

When Does Insider Selling Support a 'Strong Inference' of Fraud?

Stanford Law and Economics Olin Working Paper No. 234
Number of pages: 75 Posted: 26 Mar 2002
Paul A. Griffin and Joseph Grundfest
University of California, Davis - Graduate School of Management and Stanford University Law School
Downloads 541 (39,009)
Citation 2

Abstract:

11.

Governance Regulatory Changes, IFRS Adoption, and New Zealand Audit and Non-Audit Fees: Empirical Evidence

Number of pages: 39 Posted: 15 Feb 2008 Last Revised: 11 Jan 2009
Paul A. Griffin, David H. Lont and Estelle Sun
University of California, Davis - Graduate School of Management, University of Otago - Department of Accountancy and Finance and Boston University - Questrom School of Business
Downloads 511 (41,755)
Citation 1

Abstract:

Audit fees, auditor independence, governance regulations, International Financial

Accounting Rules? Stock Buybacks and Stock Options: Additional Evidence

UC Davis Graduate School of Management Research Paper No. 08-09
Number of pages: 44 Posted: 17 Dec 2008 Last Revised: 20 Dec 2009
Paul A. Griffin and Ning Zhu
University of California, Davis - Graduate School of Management and China Academy of Financial Research (CAFR)
Downloads 481 (45,930)
Citation 3

Abstract:

Stock buybacks, stock options, accounting rules, corporate governance, agency costs, management compensation, market reaction

Accounting Rules? Stock Buybacks and Stock Options: Additional Evidence

Journal of Contemporary Accounting & Economics (JCAE), Vol. 6, No. 1, pp. 1-17, June 2010, UC Davis Graduate School of Management Research Paper
Posted: 02 Jul 2010
Paul A. Griffin and Ning Zhu
University of California, Davis - Graduate School of Management and China Academy of Financial Research (CAFR)

Abstract:

Stock buybacks, stock options, unclear accounting rules, corporate governance, agency costs, management compensation, managerial opportunism, market reaction

Do Investors Care About Auditor Dismissals and Resignations? What Drives the Response?

UC Davis Graduate School of Management Research Paper No. 03-10
Number of pages: 31 Posted: 30 Dec 2007 Last Revised: 09 Feb 2010
Paul A. Griffin and David H. Lont
University of California, Davis - Graduate School of Management and University of Otago - Department of Accountancy and Finance
Downloads 472 (47,055)
Citation 3

Abstract:

dismissal, resignation, investor response, event study, Form 8-K report, Item 4.01 changes in registrant’s certifying accountant

Do Investors Care About Auditor Dismissals and Resignations? What Drives the Response?

Auditing: A Journal of Practice & Theory, Forthcoming, UC Davis Graduate School of Management Research Paper
Posted: 02 Jul 2010
Paul A. Griffin and David H. Lont
University of California, Davis - Graduate School of Management and University of Otago - Department of Accountancy and Finance

Abstract:

Dismissal, resignation, investor response, economic fundamentals, event study, Form 8-K, Item 4.01 changes in registrant’s certifying accountant

Insightful Insiders? Insider Trading and Stock Return around Debt Covenant Violation Disclosures

UC Davis Graduate School of Management Research Paper No. 06-12
Number of pages: 65 Posted: 03 Oct 2010 Last Revised: 21 Jun 2012
Paul A. Griffin, David H. Lont and Kate McClune
University of California, Davis - Graduate School of Management, University of Otago - Department of Accountancy and Finance and University of Otago
Downloads 434 (52,239)
Citation 1

Abstract:

Insider trading, Debt covenant violation disclosure, SEC regulation, Insider trading enforcement, Event study

Insightful Insiders? Insider Trading and Stock Return Around Debt Covenant Violation Disclosures

Abacus, Vol. 50, Issue 2, pp. 117-145, 2014
Number of pages: 29 Posted: 05 Jun 2014
Paul A. Griffin, David H. Lont and Kate McClune
University of California, Davis - Graduate School of Management, University of Otago - Department of Accountancy and Finance and University of Otago
Downloads 1 (564,552)
Citation 1

Abstract:

Debt covenant violation, Disclosure, Event study, Insider trading, Insider trading enforcement, SEC regulation

15.

Security Analyst Superiority Relative to Univariate Time-Series Models in Forecasting Quarterly Earnings

Journal of Accounting & Economics (JAE), Vol. 9, No. 1, 1987
Number of pages: 27 Posted: 18 Apr 2008
Temple University - Department of Accounting, SUNY at Buffalo - School of Management, University of California, Davis - Graduate School of Management and University of Chicago - Accounting
Downloads 386 (51,619)
Citation 61

Abstract:

16.

Science and the Stock Market: Investors’ Recognition of Unburnable Carbon

Science and the stock market: Investors' recognition of unburnable carbon, Energy Economics, Volume 52, Part A, December 2015, Pages 1-12, ISSN 0140-9883, DOI: 10.1016/j.eneco.2015.08.028
Posted: 02 Dec 2013 Last Revised: 22 Oct 2015
University of California, Davis - Graduate School of Management, University of California, Davis, University of Otago - Department of Accountancy and Finance and University of California, Davis

Abstract:

U.S. energy companies; Unburnable carbon; Stranded assets; Nature journal; Media attention; Event study

17.

Auditor Fees Around Dismissals and Resignations: Additional Evidence

Number of pages: 50 Posted: 29 Apr 2008
Paul A. Griffin and David H. Lont
University of California, Davis - Graduate School of Management and University of Otago - Department of Accountancy and Finance
Downloads 326 (70,195)

Abstract:

Dismissals, Resignations, Audit fees, Incumbent auditor fee adjustments

18.

Strange Bedfellows? - Voluntary CSR Disclosure and Politics

Accounting and Finance 53 (2013) 867–903. doi: 10.1111/acfi.12033,
Posted: 31 Oct 2012 Last Revised: 24 Oct 2015
Paul A. Griffin and Estelle Sun
University of California, Davis - Graduate School of Management and Boston University - Questrom School of Business

Abstract:

corporate social responsibility, voluntary disclosure, stock market response, corporate political contributions, political action committees, presidential voting

19.

An Evaluation of Alternative Proxies for the Market's Assessment of Unexpected Earnings

Journal of Accounting & Economics, Vol. 9, No. 2, 1987
Number of pages: 35 Posted: 18 Apr 2008
Temple University - Department of Accounting, SUNY at Buffalo - School of Management, University of California, Davis - Graduate School of Management and University of Chicago - Accounting
Downloads 296 (73,628)
Citation 80

Abstract:

20.

Are All Individual Investors Created Equal? Evidence from Individual Investor Trading around Securities Litigation Events

Number of pages: 40 Posted: 10 Jun 2005
Paul A. Griffin and Ning Zhu
University of California, Davis - Graduate School of Management and China Academy of Financial Research (CAFR)
Downloads 291 (82,513)
Citation 2

Abstract:

Individual investor behavior, accounting fraud, securities litigation damages, class period trading, investor informedness

21.

Taking the Oath: Investor Response to SEC Certification

Number of pages: 52 Posted: 07 Feb 2004
Paul A. Griffin and David H. Lont
University of California, Davis - Graduate School of Management and University of Otago - Department of Accountancy and Finance
Downloads 267 (90,371)
Citation 3

Abstract:

Securities and Exchange Commission, SEC certification, Sarbanes-Oxley, stock market response, securities regulation

Enforcement and Disclosure Under Regulation FD: An Empirical Analysis

UC Davis Graduate School of Management Research Paper No. 05-10
Number of pages: 37 Posted: 25 Mar 2010 Last Revised: 01 Oct 2010
Paul A. Griffin, David H. Lont and Benjamin Segal
University of California, Davis - Graduate School of Management, University of Otago - Department of Accountancy and Finance and Fordham University
Downloads 246 (100,470)
Citation 1

Abstract:

Regulation FD, Enforcement action, Untimely FD disclosure, Event study

Enforcement and Disclosure under Regulation FD: An Empirical Analysis

Accounting & Finance, Forthcoming
Posted: 23 Sep 2011
Paul A. Griffin, David H. Lont and Benjamin Segal
University of California, Davis - Graduate School of Management, University of Otago - Department of Accountancy and Finance and Fordham University

Abstract:

Regulation FD, Enforcement Action, Untimely FD Disclosure, Late SEC Filing, Event Study

23.

How Will the Billions of 'Free' Climate Change Allowances Under Cap-and-Trade Affect U.S. Companies’ Balance Sheets?

UC Davis Graduate School of Management Research Paper No. 06-10
Number of pages: 30 Posted: 08 May 2010 Last Revised: 28 Jul 2010
Paul A. Griffin
University of California, Davis - Graduate School of Management
Downloads 211 (109,117)

Abstract:

Cap-and-trade, emission accounting, free climate change allowances, greenhouse gas emissions, emission allowances and S&P 500 companies, American Clean Energy and Security Act of 2009

24.

Price Discovery in the Corporate Bond Market: The Informational Role of Short Interest

2012 Financial Markets & Corporate Governance Conference
Number of pages: 61 Posted: 06 Nov 2011 Last Revised: 20 Mar 2012
Paul A. Griffin and Hyun A. Hong
University of California, Davis - Graduate School of Management and University of California, Riverside
Downloads 195 (110,520)

Abstract:

Short interest, corporate bonds, excess bond returns, Regulation SHO, price discovery, earnings announcements

25.

Troublesome Tidings? Investors’ Response to a Wells Notice

Number of pages: 36 Posted: 17 Apr 2011
Paul A. Griffin and Estelle Sun
University of California, Davis - Graduate School of Management and Boston University - Questrom School of Business
Downloads 130 (165,051)

Abstract:

Wells Notice, Securities and Exchange Commission, Investor Response, Disclosure Regulation, Event Study

26.

Environmental Performance and Analyst Information Processing Costs

Number of pages: 48 Posted: 03 Sep 2016
Paul A. Griffin, Thaddeus Neururer and Estelle Sun
University of California, Davis - Graduate School of Management, University of Connecticut - School of Business and Boston University - Questrom School of Business
Downloads 66 (281,610)

Abstract:

analyst earnings forecasts, analyst processing costs, environmental strengths and concerns, cost of socially responsible investing

27.

Stock Price Response to News of Securities Fraud Litigation: An Analysis of Sequential and Conditional Information

Abacus, Vol. 40, No. 1, pp. 21-48, February 2004
Number of pages: 28 Posted: 15 Mar 2004
Paul A. Griffin, Joseph Grundfest and Michael A. Perino
University of California, Davis - Graduate School of Management, Stanford University Law School and St. John's University School of Law
Downloads 38 (360,168)
Citation 11

Abstract:

28.

Enforcement and Disclosure Under Regulation Fair Disclosure: An Empirical Analysis

Accounting & Finance, Vol. 51, Issue 4, pp. 947-983, 2011
Number of pages: 37 Posted: 03 Nov 2011
Paul A. Griffin, David H. Lont and Benjamin Segal
University of California, Davis - Graduate School of Management, University of Otago - Department of Accountancy and Finance and Fordham University
Downloads 2 (527,910)
Citation 2

Abstract:

Enforcement action, Event study, Late SEC filing, Regulation fair disclosure, Untimely fair disclosure

29.

The Market for Credit Default Swaps: New Insights into Investors' Use of Accounting Information?

Accounting & Finance, Vol. 54, Issue 3, pp. 847-883, 2014
Number of pages: 37 Posted: 24 Sep 2014
Paul A. Griffin
University of California, Davis - Graduate School of Management
Downloads 1 (536,590)

Abstract:

Credit default swap, Credit risk, CDS tenor, Transparency risk, Financial statements, Corporate disclosure

Governance Regulatory Changes, International Financial Reporting Standards Adoption, and New Zealand Audit and Non-Audit Fees: Empirical Evidence

Accounting & Finance, Vol. 49, No. 4, pp. 697-724, December 2009
Number of pages: 28 Posted: 24 Nov 2009
Paul A. Griffin, David H. Lont and Estelle Sun
University of California, Davis - Graduate School of Management, University of Otago - Department of Accountancy and Finance and Boston University - Questrom School of Business
Downloads 1 (564,552)

Abstract:

Governance Regulatory Changes, International Financial Reporting Standards Adoption, and New Zealand Audit and Non-Audit Fees: Empirical Evidence

Accounting and Finance, 2009
Posted: 16 Jul 2009
Paul A. Griffin, David H. Lont and Estelle Sun
University of California, Davis - Graduate School of Management, University of Otago - Department of Accountancy and Finance and Boston University - Questrom School of Business

Abstract:

Audit fees, Auditor independence, Governance regulations, International Financial Reporting Standards, Non-audit fees, NZ IFRS, Sarbanes–Oxley Act

31.

Game Changer? The Impact of the VW Emission Cheating Scandal on the Co-Integration of Large Automakers’ Securities

Number of pages: 38 Posted: 15 Sep 2016
Paul A. Griffin and David H. Lont
University of California, Davis - Graduate School of Management and University of Otago - Department of Accountancy and Finance
Downloads 0 (192,916)

Abstract:

Keywords. Market co-integration, informational cascade, credit default swap, equity return, market disruption

32.

Price Discovery in the CDS Market: The Informational Role of Equity Short Interest

Review of Accounting Studies, 2016
Posted: 11 Jun 2016
Paul A. Griffin, Hyun A. Hong and Jeong-Bon Kim
University of California, Davis - Graduate School of Management, University of California, Riverside (UCR) - A. Gary Anderson Graduate School of Management and University of Waterloo

Abstract:

Equity short interest, Credit default swaps, Credit spreads, Lagged price discovery

33.

Commentaries on Big Data's Importance for Accounting and Auditing

Accounting Horizons, Vol. 29, No. 2, 2015, Northeastern U. D’Amore-McKim School of Business Research Paper No. 2679099,
Posted: 25 Oct 2015
Paul A. Griffin and Arnold Wright
University of California, Davis - Graduate School of Management and Northeastern University - Accounting Group

Abstract:

Big Data, Accounting and auditing

34.

Strange Bedfellows? Voluntary Corporate Social Responsibility Disclosure and Politics

Accounting & Finance, Vol. 53, Issue 4, pp. 867-903, 2013
Number of pages: 37 Posted: 28 Nov 2013
Paul A. Griffin and Estelle Sun
University of California, Davis - Graduate School of Management and Boston University - Questrom School of Business
Downloads 0 (549,101)

Abstract:

Corporate social responsibility, Voluntary disclosure, Stock market response, Corporate individual political contributions, Political action committees, Presidential voting

35.

Supply Chain Sustainability: Evidence on Conflict Minerals

Pacific Accounting Review DOI: 10.1108/PAR-04-2013-0023
Posted: 17 Aug 2012 Last Revised: 15 May 2014
Paul A. Griffin, David H. Lont and Estelle Sun
University of California, Davis - Graduate School of Management, University of Otago - Department of Accountancy and Finance and Boston University - Questrom School of Business

Abstract:

Supply chain sustainability, Conflict minerals, Dodd-Frank Reform Act, Section 1502, Off-balance sheet assets and liabilities

36.

Audit Fees Around Dismissals and Resignations: Additional Evidence

Journal of Contemporary Accounting & Economics, Forthcoming
Posted: 23 Sep 2011
Paul A. Griffin and David H. Lont
University of California, Davis - Graduate School of Management and University of Otago - Department of Accountancy and Finance

Abstract:

Dismissals, Resignations, Audit Fees, Incumbent Auditor Fee Adjustments, Event Study

37.

An Analysis of Audit Fees Following the Passage of Sarbanes-Oxley

Asia-Pacific Journal of Accounting and Economics, Forthcoming
Posted: 16 May 2007
Paul A. Griffin and David H. Lont
University of California, Davis - Graduate School of Management and University of Otago - Department of Accountancy and Finance

Abstract:

Sarbanes-Oxley, audit fees, SEC certification, section 404, internal control

38.

Taking the Oath: Investor Response to SEC Certification Under Sarbanes-Oxley

Contemporary Journal of Accounting and Economics, Vol. 1, pp. 27-63, 2005
Posted: 15 Oct 2004
Paul A. Griffin and David H. Lont
University of California, Davis - Graduate School of Management and University of Otago - Department of Accountancy and Finance

Abstract:

Securities and Exchange Commission, SEC certification, Sarbanes-Oxley, stock market response, securities regulation

39.

Got Information? Investor Response to Form 10-K and Form 10-Q EDGAR Filings

Review of Accounting Studies, Forthcoming
Posted: 21 May 2003
Paul A. Griffin
University of California, Davis - Graduate School of Management

Abstract:

Securities and Exchange Commission, EDGAR, Form 10-K and Form 10-Q filing, stock market response, securities regulation