Edward M. Watts

Yale School of Management

Assistant Professor

165 Whitney Ave

New Haven, CT 06511

SCHOLARLY PAPERS

16

DOWNLOADS
Rank 1,770

SSRN RANKINGS

Top 1,770

in Total Papers Downloads

31,623

SSRN CITATIONS
Rank 6,988

SSRN RANKINGS

Top 6,988

in Total Papers Citations

244

CROSSREF CITATIONS

10

Scholarly Papers (16)

1.

ESG Ratings: A Compass without Direction

Rock Center for Corporate Governance at Stanford University Working Paper Forthcoming
Number of pages: 16 Posted: 04 Aug 2022
Stanford Graduate School of Business, AQR Capital Management, LLC, Stanford University - Graduate School of Business and Yale School of Management
Downloads 8,023 (1,562)
Citation 4

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Corporate governance, ESG, environmental, social, governance, sustainability, socially responsible investing, corporate responsibility, sustainability, ESG ratings, ESG initiatives, ESG disclosure, board of directors, corporate governance research

2.

Diversity Washing

Forthcoming in the Journal of Accounting Research, Chicago Booth Research Paper No. 22-18, European Corporate Governance Institute – Finance Working Paper No. 868/2023
Number of pages: 70 Posted: 12 Dec 2022 Last Revised: 23 Apr 2024
Berkeley Law School, Stanford Graduate School of Business, University of Chicago Booth School of Business, Jump Trading and Yale School of Management
Downloads 6,322 (2,321)
Citation 8

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Diversity disclosure; Human capital; Social washing; Environmental, social, and corporate governance (ESG)

3.

Where's the Greenium?

Rock Center for Corporate Governance at Stanford University Working Paper No. 239, Stanford University Graduate School of Business Research Paper No. 19-14, Journal of Accounting and Economics, Volume 69, Issues 2–3, April–May 2020, 101312
Number of pages: 58 Posted: 13 Feb 2019 Last Revised: 17 Nov 2020
David F. Larcker and Edward M. Watts
Stanford Graduate School of Business and Yale School of Management
Downloads 4,149 (4,794)
Citation 140

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Environmental, Social and Governance (ESG), Socially Responsible Investing (SRI), Municipal Bonds, Green Bonds

4.

Seven Myths of ESG

Rock Center for Corporate Governance at Stanford University Working Paper Forthcoming
Number of pages: 15 Posted: 05 Nov 2021
David F. Larcker, Brian Tayan and Edward M. Watts
Stanford Graduate School of Business, Stanford University - Graduate School of Business and Yale School of Management
Downloads 2,163 (13,667)
Citation 16

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Corporate governance, ESG, environmental, social, governance, sustainability, socially responsible investing, corporate responsibility, sustainability, ESG ratings, ESG initiatives, ESG disclosure, board of directors, corporate governance research

5.

Retail Investors and ESG News

Jacobs Levy Equity Management Center for Quantitative Financial Research Paper
Number of pages: 60 Posted: 15 Mar 2023 Last Revised: 29 Apr 2024
Qianqian Li, Edward M. Watts and Christina Zhu
Stanford University, Graduate School of Business, Students, Yale School of Management and University of Pennsylvania - The Wharton School
Downloads 2,127 (14,051)
Citation 1

Abstract:

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Retail Investors; Individual Investors; Environmental, Social and Governance (ESG); Socially Responsible Investing (SRI)

6.

Sharing the Pain: How Did Boards Adjust CEO Pay in Response to COVID-19?

Rock Center for Corporate Governance at Stanford University Closer Look Series: Topics, Issues and Controversies in Corporate Governance No. CGRP-86
Number of pages: 22 Posted: 01 Sep 2020
Equilar, Equilar, Stanford Graduate School of Business, Stanford University - Graduate School of Business, Yale School of Management and Equilar
Downloads 1,308 (29,552)
Citation 2

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Corporate governance, CEO pay, compensation, director compensation, executive compensation, COVID, ESG, layoffs, furloughs, salary reductions, supplemental bonuses, downturn, annual bonus, LTIP, restricted stock, lost wealth, dividend suspension, reputation, boards of directors, corporate governance

7.

Stock-Option Financing in Pre-IPO Companies

Rock Center for Corporate Governance at Stanford University Working Paper Forthcoming
Number of pages: 9 Posted: 18 Aug 2021 Last Revised: 31 Aug 2021
David F. Larcker, Brian Tayan and Edward M. Watts
Stanford Graduate School of Business, Stanford University - Graduate School of Business and Yale School of Management
Downloads 1,202 (33,419)

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Corporate governance, stock options, ISOs, NSOs, stock option financing, nonrecourse lending, pre-IPO companies, private companies, startups, secondary markets, taxes, equity compensation, employees, executives, incentives, corporate governance research

8.

Information Acquisition Costs and Price Informativeness: Global Evidence

Chicago Booth Research Paper No. 21-05
Number of pages: 72 Posted: 25 Jan 2021 Last Revised: 02 May 2024
Charles McClure, Shawn Shi and Edward M. Watts
University of Chicago Booth School of Business, University of Washington - Michael G. Foster School of Business and Yale School of Management
Downloads 1,132 (36,335)
Citation 1

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Disclosure, Information acquisition, Price efficiency, Price informativeness, Earnings announcements

9.

Tick Size Tolls: Can a Trading Slowdown Improve Earnings News Discovery?

Stanford University Graduate School of Business Research Paper No. 19-1, The Accounting Review, Forthcoming
Number of pages: 59 Posted: 11 Nov 2018 Last Revised: 07 Jul 2020
Charles M.C. Lee and Edward M. Watts
Foster School of Business, University of Washington and Yale School of Management
Downloads 1,046 (40,743)
Citation 6

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Earnings Announcements, Price Informativeness, Information Acquisition, Price Discovery, Market Efficiency, Tick Size Pilot, Algorithmic Trading

10.

Board Diversity and Shareholder Voting

Rock Center for Corporate Governance at Stanford University Working Paper No. 245, Stanford University Graduate School of Business Research Paper No. 3915, European Corporate Governance Institute – Finance Working Paper 716/2020, Journal of Corporate Finance, Forthcoming
Number of pages: 60 Posted: 18 Nov 2020 Last Revised: 23 Sep 2023
Ian D. Gow, David F. Larcker and Edward M. Watts
University of Melbourne - Department of Accounting, Stanford Graduate School of Business and Yale School of Management
Downloads 1,016 (42,523)
Citation 1

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Board of directors; Diversity; Shareholder voting; Environmental, Social, and Governance (ESG)

11.

Retail Bond Investors and Credit Ratings

Journal of Accounting & Economics (JAE), Forthcoming
Number of pages: 66 Posted: 28 Jun 2021 Last Revised: 26 Apr 2023
Ed deHaan, Jiacui Li and Edward M. Watts
Stanford Graduate School of Business, David Eccles School of Business, University of Utah and Yale School of Management
Downloads 963 (45,810)
Citation 11

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Credit ratings, Retail investors, Fundamental investing, Investor sophistication, Behavioral finance

12.

Cashing It In: Private-Company Exchanges and Employee Stock Sales Prior to IPO

Rock Center for Corporate Governance at Stanford University Closer Look Series: Topics, Issues and Controversies in Corporate Governance No. CGRP-73, Stanford University Graduate School of Business Research Paper No. 18-45
Number of pages: 15 Posted: 12 Sep 2018 Last Revised: 24 May 2019
David F. Larcker, Brian Tayan and Edward M. Watts
Stanford Graduate School of Business, Stanford University - Graduate School of Business and Yale School of Management
Downloads 862 (53,372)
Citation 4

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Corporate governance, employee stock options, private company compensation, private company equity, pre-IPO compensation, pre-IPO discounts, equity compensation, private company exchanges, private company marketplaces, NASDAQ private market, Equidate, SharesPost, EquityZen, governance quality, compe

13.

Firing and Hiring the CEO: What Does CEO Turnover Data Tell Us About Succession Planning?

Rock Center for Corporate Governance at Stanford University Working Paper Forthcoming, Stanford University Graduate School of Business Research Paper
Number of pages: 22 Posted: 12 Apr 2022
David F. Larcker, Brian Tayan and Edward M. Watts
Stanford Graduate School of Business, Stanford University - Graduate School of Business and Yale School of Management
Downloads 457 (120,330)

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Corporate governance, CEO turnover, CEO terminations, succession planning, interim successors, permanent successors, internal, external, voluntary, involuntary, Push-Out Scores, disclosure, board oversight, board of directors, corporate governance research

From implicit to explicit: The impact of disclosure requirements on hidden transaction costs

Journal of Accounting Research, Forthcoming
Number of pages: 55 Posted: 30 Jun 2019 Last Revised: 17 Nov 2020
Christine Cuny, Omri Even-Tov and Edward M. Watts
New York University (NYU) - Leonard N. Stern School of Business, Haas School of Business - UC Berkeley and Yale School of Management
Downloads 415 (132,323)

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Corporate bonds; Retail transaction costs; Information processing costs; Information asymmetry; Disclosure regulation; Financial advisers

From Implicit to Explicit: The Impact of Disclosure Requirements on Hidden Transaction Costs

Journal of Accounting Research, Volume 59, Issue 1, NYU Stern School of Business Forthcoming
Posted: 18 Mar 2021
Christine Cuny, Omri Even-Tov and Edward M. Watts
New York University (NYU) - Leonard N. Stern School of Business, Haas School of Business - UC Berkeley and Yale School of Management

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corporate bonds; retail transaction costs; information processing costs; information asymmetry; disclosure regulation; financial advisers

15.

The Information Content of Municipal Financial Statements: Large-sample Evidence

Number of pages: 67 Posted: 18 Aug 2022 Last Revised: 11 Dec 2023
Christine Cuny, Ken Li, Anya Nakhmurina and Edward M. Watts
New York University (NYU) - Leonard N. Stern School of Business, McMaster University - Michael G. DeGroote School of Business, Yale School of Management and Yale School of Management
Downloads 295 (193,766)
Citation 7

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Information Content, Municipal Disclosure, Municipal Bonds

16.

Earnings News and Over-the-Counter Markets

Journal of Accounting Research, Forthcoming
Number of pages: 55 Posted: 06 Feb 2024
Stefan Huber, Chongho Kim and Edward M. Watts
Rice University, Seoul National University and Yale School of Management
Downloads 143 (377,163)

Abstract:

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earnings announcements, corporate bonds, search and bargaining, liquidity, information asymmetry