Daniel J. Taylor

The Wharton School, University of Pennsylvania

Associate Professor of Accounting

3641 Locust Walk

Philadelphia, PA 19104-6365

United States

  • The Wharton School, University of Pennsylvania

SCHOLARLY PAPERS

34

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29,482

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309

CROSSREF CITATIONS

593

Scholarly Papers (34)

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1.

Correcting for Cross-Sectional and Time-Series Dependence in Accounting Research

Accounting Review, Forthcoming
Number of pages: 49 Posted: 31 Jul 2008 Last Revised: 24 Oct 2010
Ian D. Gow, Gaizka Ormazabal and Daniel J. Taylor
University of Melbourne, University of Navarra, IESE Business School and The Wharton School, University of Pennsylvania
Downloads 3,465 (3,432)
Citation 41

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cross-sectional dependence, time-series dependence, autocorrelation, Fama-MacBeth, Newey-West, cluster-robust standard errors, cost of capital, credit ratings, conservatism

2.

The Market Reaction to Corporate Governance Regulation

Journal of Financial Economics, Volume 101, Issue 2, August 2011, Pages 431–448, Rock Center for Corporate Governance at Stanford University Working Paper Series No. 82
Number of pages: 52 Posted: 14 Apr 2015 Last Revised: 20 Jun 2015
David F. Larcker, Gaizka Ormazabal and Daniel J. Taylor
Stanford University - Graduate School of Business, University of Navarra, IESE Business School and The Wharton School, University of Pennsylvania
Downloads 1,957 (9,003)
Citation 17

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corporate governance, executive compensation, proxy access, SEC regulation

3.

Political Connections and the Informativeness of Insider Trades

Downloads 1,903 ( 9,443)
Citation 12

Political Connections and the Informativeness of Insider Trades

Rock Center for Corporate Governance at Stanford University Working Paper No. 222, Journal of Finance (Forthcoming), Jacobs Levy Equity Management Center for Quantitative Financial Research Paper
Number of pages: 108 Posted: 08 Sep 2016 Last Revised: 11 Aug 2020
Alan D. Jagolinzer, David F. Larcker, Gaizka Ormazabal and Daniel J. Taylor
University of Cambridge Judge Business School, Stanford University - Graduate School of Business, University of Navarra, IESE Business School and The Wharton School, University of Pennsylvania
Downloads 1,903 (9,250)
Citation 14

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Political Connections; Insider Trading; Financial Crisis; Troubled Asset Relief Program; Capital Purchase Program

Political Connections and the Informativeness of Insider Trades

CEPR Discussion Paper No. DP12153
Number of pages: 56 Posted: 25 Jul 2017
Alan D. Jagolinzer, David F. Larcker, Gaizka Ormazabal and Daniel J. Taylor
University of Cambridge Judge Business School, Stanford University - Graduate School of Business, University of Navarra, IESE Business School and The Wharton School, University of Pennsylvania
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Political Connections; Insider Trading; Financial Crisis; Troubled Asset Relief

4.

When Does Information Asymmetry Affect the Cost of Capital?

Journal of Accounting Research, Forthcoming
Number of pages: 56 Posted: 25 Oct 2010 Last Revised: 09 Mar 2015
Chris Armstrong, John E. Core, Daniel J. Taylor and Robert E. Verrecchia
University of Pennsylvania - Accounting Department, Massachusetts Institute of Technology (MIT) - Sloan School of Management, The Wharton School, University of Pennsylvania and University of Pennsylvania - Accounting Department
Downloads 1,886 (9,584)
Citation 6

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information asymmetry, cost of capital, market competition, expected returns

5.

Linguistic Complexity in Firm Disclosures: Obfuscation or Information?

Downloads 1,823 ( 10,115)

Linguistic Complexity in Firm Disclosures: Obfuscation or Information?

Journal of Accounting Research, Forthcoming
Number of pages: 65 Posted: 08 Jan 2014 Last Revised: 20 Jun 2017
Brian J. Bushee, Ian D. Gow and Daniel J. Taylor
University of Pennsylvania - The Wharton School, University of Melbourne and The Wharton School, University of Pennsylvania
Downloads 1,823 (9,910)
Citation 41

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Disclosure; Linguistic complexity; Conference calls; Information asymmetry

Linguistic Complexity in Firm Disclosures: Obfuscation or Information?

Journal of Accounting Research, Vol. 56, No. 1, 2018
Posted: 05 May 2018
Brian J. Bushee, Ian D. Gow and Daniel J. Taylor
University of Pennsylvania - The Wharton School, University of Melbourne and The Wharton School, University of Pennsylvania

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Disclosure, Linguistic Complexity, Conference Calls, Information Asymmetry

6.

Abnormal Accruals in Newly Public Companies: Opportunistic Misreporting or Economic Activity?

Management Science, Forthcoming
Number of pages: 48 Posted: 18 Jun 2008 Last Revised: 06 Feb 2015
Chris Armstrong, George Foster and Daniel J. Taylor
University of Pennsylvania - Accounting Department, Stanford Graduate School of Business and The Wharton School, University of Pennsylvania
Downloads 1,760 (10,703)
Citation 32

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Misreporting; Earnings Management; Financial Reporting Quality; Accruals; Incentives; Insider Trading; Initial Public Offering; New Issues Puzzle; Investment

7.

The JOBS Act and Information Uncertainty in IPO Firms

Accounting Review, Forthcoming, Stanford University Graduate School of Business Research Paper No. 14-26
Number of pages: 65 Posted: 15 Jul 2014 Last Revised: 15 Feb 2017
Mary E. Barth, Wayne R. Landsman and Daniel J. Taylor
Stanford University - Graduate School of Business, University of North Carolina Kenan-Flagler Business School and The Wharton School, University of Pennsylvania
Downloads 1,492 (13,899)
Citation 26

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JOBS Act, mandatory disclosure, voluntary disclosure, proprietary costs, information uncertainty, underpricing, volatility

8.

Guiding Through the Fog: Financial Statement Complexity and Voluntary Disclosure

Journal of Accounting & Economics (JAE), Forthcoming
Number of pages: 80 Posted: 14 Feb 2015 Last Revised: 27 Oct 2016
Wayne R. Guay, Delphine Samuels and Daniel J. Taylor
University of Pennsylvania - Accounting Department, University of Chicago -- Booth School of Business and The Wharton School, University of Pennsylvania
Downloads 1,394 (15,478)
Citation 53

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financial statement complexity, voluntary disclosure, information environment

9.

Corporate Governance and the Information Content of Insider Trades

Journal of Accounting Research 49 (Dec 2011): 1249-1274., Rock Center for Corporate Governance at Stanford University Working Paper No. 3
Number of pages: 42 Posted: 29 May 2008 Last Revised: 06 Nov 2012
Alan D. Jagolinzer, David F. Larcker and Daniel J. Taylor
University of Cambridge Judge Business School, Stanford University - Graduate School of Business and The Wharton School, University of Pennsylvania
Downloads 1,287 (17,459)
Citation 18

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corporate governance, insider trading, insider trading policies, general counsel, restricted trade windows

10.

The Relation between Equity Incentives and Misreporting: The Role of Risk-Taking Incentives

Journal of Financial Economics (JFE), 109 (August 2013): 327-350., Rock Center for Corporate Governance at Stanford University Working Paper No. 126, Stanford Graduate School of Business Research Paper No. 2120
Number of pages: 61 Posted: 21 Oct 2012 Last Revised: 08 Jun 2013
Chris Armstrong, David F. Larcker, Gaizka Ormazabal and Daniel J. Taylor
University of Pennsylvania - Accounting Department, Stanford University - Graduate School of Business, University of Navarra, IESE Business School and The Wharton School, University of Pennsylvania
Downloads 1,236 (18,560)
Citation 63

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Equity Incentives, Executive Compensation, Misreporting, Earnings Management, Restatements, SEC Enforcement Actions

11.

From Casual to Causal Inference in Accounting Research: The Need for Theoretical Foundations

Foundations and Trends in Accounting, Forthcoming, Stanford University Graduate School of Business Research Paper No. 15-63
Number of pages: 51 Posted: 23 Nov 2015 Last Revised: 26 Jun 2016
Jeremy Bertomeu, Anne Beyer and Daniel J. Taylor
Washington University in St. Louis - John M. Olin Business School, Stanford University - Graduate School of Business and The Wharton School, University of Pennsylvania
Downloads 1,169 (20,191)
Citation 16

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causality, economic theory, quasi-natural experiments, structural models

12.

In Defense of Fair Value: Weighing the Evidence on Earnings Management and Asset Securitizations

Journal of Accounting & Economics (JAE), Forthcoming
Number of pages: 24 Posted: 25 Sep 2009
Mary E. Barth and Daniel J. Taylor
Stanford University - Graduate School of Business and The Wharton School, University of Pennsylvania
Downloads 924 (28,510)
Citation 2

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asset securitizations, securitization income, earnings management, fair value

13.

Asset Securitizations and Credit Risk

Accounting Review, Forthcoming
Number of pages: 49 Posted: 21 Jun 2011 Last Revised: 17 Aug 2013
Mary E. Barth, Gaizka Ormazabal and Daniel J. Taylor
Stanford University - Graduate School of Business, University of Navarra, IESE Business School and The Wharton School, University of Pennsylvania
Downloads 907 (29,271)
Citation 8

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asset securitizations, credit ratings, credit risk

14.

Audit Process, Private Information, and Insider Trading

Kelley School of Business Research Paper No. 18-85, Jacobs Levy Equity Management Center for Quantitative Financial Research Paper
Number of pages: 51 Posted: 02 Nov 2018 Last Revised: 12 Aug 2020
Salman Arif, John D. Kepler, Joseph H. Schroeder and Daniel J. Taylor
University of Minnesota - Twin Cities - Carlson School of Management, Stanford Graduate School of Business, Indiana University - Kelley School of Business - Department of Accounting and The Wharton School, University of Pennsylvania
Downloads 784 (35,773)
Citation 2

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audit opinions, audit process, audit report, private information, insider trading, opportunism

15.

Undisclosed SEC Investigations

Management Science, Forthcoming, Jacobs Levy Equity Management Center for Quantitative Financial Research Paper
Number of pages: 42 Posted: 10 Jan 2020 Last Revised: 12 Aug 2020
Terrence Blackburne, John D. Kepler, Phillip J. Quinn and Daniel J. Taylor
Oregon State University , Stanford Graduate School of Business, University of Washington - Foster School of Business and The Wharton School, University of Pennsylvania
Downloads 701 (41,738)
Citation 7

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SEC investigations, private information, managerial opportunism, insider trading, accounting fraud

16.

Proprietary Costs and Disclosure Substitution: Theory and Empirical Evidence

Number of pages: 72 Posted: 23 May 2018 Last Revised: 27 Oct 2020
Mirko Stanislav Heinle, Delphine Samuels and Daniel J. Taylor
University of Pennsylvania - Accounting Department, University of Chicago -- Booth School of Business and The Wharton School, University of Pennsylvania
Downloads 691 (42,768)
Citation 10

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17.

Adapt or Perish: Evidence of CEO Adaptability to Industry Shocks

Number of pages: 47 Posted: 20 Mar 2013 Last Revised: 06 May 2018
Wayne R. Guay, Daniel J. Taylor and Jason J. Xiao
University of Pennsylvania - Accounting Department, The Wharton School, University of Pennsylvania and University of Rochester - Simon Business School
Downloads 610 (50,395)
Citation 6

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CEO adaptability, strategic industry shocks, CEO turnover, top management turnover, CEO entrenchment, agency

18.

The Economics of Managerial Taxes and Corporate Risk-Taking

The Accounting Review, Forthcoming, Singapore Management University School of Accountancy Research Paper Series Vol. 6, No. 3 Paper No 2018-87
Number of pages: 68 Posted: 24 Oct 2017 Last Revised: 12 Nov 2019
Chris Armstrong, Stephen Glaeser, Sterling Huang and Daniel J. Taylor
University of Pennsylvania - Accounting Department, University of North Carolina (UNC) at Chapel Hill - Accounting Area, Singapore Management University - School of Accountancy and The Wharton School, University of Pennsylvania
Downloads 605 (50,732)
Citation 10

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Corporate risk-taking; risky investment; risk-taking incentives; personal income taxes; federal income taxes; state income taxes; agency conflict

19.

The Stock Market’s Pricing of Customer Satisfaction

Marketing Science, Vol. 28, No. 5, pp. 826-835, September-October 2009, Rock Center for Corporate Governance at Stanford University Working Paper No. 62
Number of pages: 27 Posted: 08 Jul 2009 Last Revised: 20 Nov 2011
Christopher D. Ittner, David F. Larcker and Daniel J. Taylor
University of Pennsylvania - Accounting Department, Stanford University - Graduate School of Business and The Wharton School, University of Pennsylvania
Downloads 573 (54,319)
Citation 2

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customer satisfaction

20.

The Spread of Covid-19 Disclosure

Rock Center for Corporate Governance at Stanford University Closer Look Series: Topics, Issues and Controversies in Corporate Governance No. CGRP-84
Number of pages: 15 Posted: 29 Jun 2020
David F. Larcker, Bradford Lynch, Brian Tayan and Daniel J. Taylor
Stanford University - Graduate School of Business, University of Pennsylvania, Stanford University - Graduate School of Business and The Wharton School, University of Pennsylvania
Downloads 560 (56,132)

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COVID-19, coronavirus, disclosure, public companies, SEC filings, audit, accounting, board of directors, transparency, 8-K, 10-K, 10-Q, corporate governance, corporate governance research

21.

Follow the Money: Compensation, Risk, and the Financial Crisis

Rock Center for Corporate Governance at Stanford University Closer Look Series: Topics, Issues and Controversies in Corporate Governance No. CGRP-43, Stanford University Graduate School of Business Research Paper No. 14-34
Number of pages: 6 Posted: 08 Sep 2014
David F. Larcker, Gaizka Ormazabal, Brian Tayan and Daniel J. Taylor
Stanford University - Graduate School of Business, University of Navarra, IESE Business School, Stanford University - Graduate School of Business and The Wharton School, University of Pennsylvania
Downloads 546 (57,754)
Citation 4

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2008 financial crisis, risk-taking incentives, executive compensation, board of directors risk oversight, risk tolerance, financial incentives, corporate governance

22.

The Economics of Misreporting and the Role of Public Scrutiny

Number of pages: 66 Posted: 23 Apr 2018 Last Revised: 06 Aug 2020
Delphine Samuels, Daniel J. Taylor and Robert E. Verrecchia
University of Chicago -- Booth School of Business, The Wharton School, University of Pennsylvania and University of Pennsylvania - Accounting Department
Downloads 543 (58,133)
Citation 3

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misreporting, misrepresentation, fraud, earnings management, monitoring, valuation, information quality, information environment

23.

Why Do Pro Forma and Street Earnings Not Reflect Changes in GAAP? Evidence from SFAS 123R

Review of Accounting Studies, Forthcoming, Rock Center for Corporate Governance at Stanford University Working Paper No. 88
Number of pages: 60 Posted: 22 Sep 2010 Last Revised: 12 Oct 2012
Mary E. Barth, Ian D. Gow and Daniel J. Taylor
Stanford University - Graduate School of Business, University of Melbourne and The Wharton School, University of Pennsylvania
Downloads 516 (61,977)
Citation 20

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stock-based compensation, SFAS 123R, non-GAAP earnings, Street earnings, pro forma earnings, earnings forecast exclusions, incentives

24.

Thoughts on the Divide Between Theoretical and Empirical Research in Accounting

Journal of Financial Reporting, Forthcoming
Number of pages: 30 Posted: 20 Sep 2016 Last Revised: 29 Sep 2016
Qi Chen, Joseph Gerakos, Vincent Glode and Daniel J. Taylor
Duke University - Fuqua School of Business, Tuck School of Business at Dartmouth College, University of Pennsylvania - The Wharton School and The Wharton School, University of Pennsylvania
Downloads 490 (66,039)

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25.

Governance of Corporate Insider Equity Trades

Rock Center for Corporate Governance at Stanford University Closer Look Series: Topics, Issues and Controversies in Corporate Governance No. CGRP-81 (2020)
Number of pages: 10 Posted: 28 Jan 2020
John D. Kepler, David F. Larcker, Brian Tayan and Daniel J. Taylor
Stanford Graduate School of Business, Stanford University - Graduate School of Business, Stanford University - Graduate School of Business and The Wharton School, University of Pennsylvania
Downloads 351 (98,321)

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CEO compensation, CEO pay, insider trading, insider trading policy, 10b5-1 plans, approval of executive stock transactions, board of directors, blackout window, general counsel approval, suspicious, corporate governance research

26.

Asymmetric Reporting

Journal of Financial Reporting, Forthcoming
Number of pages: 45 Posted: 11 Mar 2015 Last Revised: 05 Sep 2015
Chris Armstrong, Daniel J. Taylor and Robert E. Verrecchia
University of Pennsylvania - Accounting Department, The Wharton School, University of Pennsylvania and University of Pennsylvania - Accounting Department
Downloads 346 (99,612)
Citation 5

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asymmetric reporting; reporting precision; the CAPM; Beta; systematic risk; cost of capital

27.

Measurement Error and Bias in Causal Models in Accounting Research

Number of pages: 43 Posted: 08 Jan 2021
Jared N. Jennings, Jung Min Kim, Joshua A. Lee and Daniel J. Taylor
Washington University in St. Louis, University of Pennsylvania - The Wharton School, Brigham Young University and The Wharton School, University of Pennsylvania
Downloads 216 (164,122)

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measurement error, fixed effects, causal models, accounting research

28.

The Dark Side of Investor Conferences: Evidence of Managerial Opportunism

Number of pages: 41 Posted: 17 Nov 2020
Brian J. Bushee, Daniel J. Taylor and Christina Zhu
University of Pennsylvania - The Wharton School, The Wharton School, University of Pennsylvania and University of Pennsylvania - The Wharton School
Downloads 209 (167,929)

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Investor conferences, voluntary disclosure, private information, insider trading, opportunism

29.

Delegated Trade and the Pricing of Public and Private Information

Journal of Accounting & Economics (JAE), Forthcoming
Number of pages: 61 Posted: 11 Mar 2015 Last Revised: 30 Aug 2015
Daniel J. Taylor and Robert E. Verrecchia
The Wharton School, University of Pennsylvania and University of Pennsylvania - Accounting Department
Downloads 179 (192,470)
Citation 2

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delegated trade; institutional investors; imperfect competition; risk premium; expected returns; information quality; accounting quality; idiosyncratic risk; asset pricing tests

30.

Voluntary Disclosure when Private Information and Disclosure Costs are Jointly Determined

Number of pages: 47 Posted: 04 Jun 2020 Last Revised: 16 Nov 2020
Jung Min Kim, Daniel J. Taylor and Robert E. Verrecchia
University of Pennsylvania - The Wharton School, The Wharton School, University of Pennsylvania and University of Pennsylvania - Accounting Department
Downloads 170 (201,201)
Citation 3

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voluntary disclosure; adverse selection; private information; disclosure costs; proprietary costs; capital investment; major customers

31.

Long-Term Information in the Decision to Provide a Short-Term Forecast

Number of pages: 39 Posted: 20 Oct 2020
Mirko Stanislav Heinle, Chongho Kim, Daniel J. Taylor and Frank Zhou
University of Pennsylvania - Accounting Department, New York University, The Wharton School, University of Pennsylvania and University of Pennsylvania - The Wharton School
Downloads 90 (323,068)

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disclosure, myopia, earnings forecast

32.

Commentary on the SEC's Proposed Reporting Threshold for Institutional Investment Managers

Number of pages: 6 Posted: 15 Dec 2020
Mary E. Barth, Travis Dyer, Wayne R. Landsman and Daniel J. Taylor
Stanford University - Graduate School of Business, Cornell University, University of North Carolina Kenan-Flagler Business School and The Wharton School, University of Pennsylvania
Downloads 53 (429,604)

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33.

Commentary on the SEC’s Proposed Exemption to Internal Control Audits under SOX 404(b)

Number of pages: 8 Posted: 10 Mar 2020
Mary E. Barth, Wayne R. Landsman, Joseph H. Schroeder and Daniel J. Taylor
Stanford University - Graduate School of Business, University of North Carolina Kenan-Flagler Business School, Indiana University - Kelley School of Business - Department of Accounting and The Wharton School, University of Pennsylvania
Downloads 46 (456,230)

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34.

Frictions in the CEO Labor Market: The Role of Talent Agents in CEO Compensation

Contemporary Accounting Research, Forthcoming
Posted: 04 Feb 2011
Shivaram Rajgopal, Daniel J. Taylor and Mohan Venkatachalam
Columbia Business School, The Wharton School, University of Pennsylvania and Duke University - Fuqua School of Business

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