Daniel J. Taylor

Wharton School, University of Pennsylvania

Associate Professor of Accounting

3641 Locust Walk

Philadelphia, PA 19104-6365

United States

  • Wharton School, University of Pennsylvania

SCHOLARLY PAPERS

25

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CITATIONS
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214

Scholarly Papers (25)

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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 Wharton School, University of Pennsylvania
Downloads 3,381 (2,853)
Citation 137

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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 Wharton School, University of Pennsylvania
Downloads 1,913 (7,546)
Citation 24

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corporate governance, executive compensation, proxy access, SEC regulation

3.

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, Wharton School, University of Pennsylvania and University of Pennsylvania - Accounting Department
Downloads 1,826 (8,181)
Citation 22

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

4.

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 Wharton School, University of Pennsylvania
Downloads 1,722 (9,002)

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

5.

Linguistic Complexity in Firm Disclosures: Obfuscation or Information?

Downloads 1,651 ( 9,641)

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 Wharton School, University of Pennsylvania
Downloads 1,651 (9,458)

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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 Wharton School, University of Pennsylvania

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Disclosure, Linguistic Complexity, Conference Calls, Information Asymmetry

6.

Political Connections and the Informativeness of Insider Trades

Downloads 1,555 ( 10,628)

Political Connections and the Informativeness of Insider Trades

Rock Center for Corporate Governance at Stanford University Working Paper No. 222
Number of pages: 60 Posted: 08 Sep 2016 Last Revised: 17 Jan 2018
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 Wharton School, University of Pennsylvania
Downloads 1,555 (10,429)

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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 Wharton School, University of Pennsylvania
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Political Connections; Insider Trading; Financial Crisis; Troubled Asset Relief

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 Wharton School, University of Pennsylvania
Downloads 1,330 (13,639)

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

8.

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 Wharton School, University of Pennsylvania
Downloads 1,245 (15,092)
Citation 6

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

9.

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, Massachusetts Institute of Technology (MIT) - Economics, Finance, Accounting (EFA) and Wharton School, University of Pennsylvania
Downloads 1,220 (15,583)
Citation 1

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financial statement complexity, voluntary disclosure, information environment

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 Wharton School, University of Pennsylvania
Downloads 1,183 (16,371)
Citation 6

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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
University of California, San Diego (UCSD) - Rady School of Management, Stanford University - Graduate School of Business and Wharton School, University of Pennsylvania
Downloads 1,041 (19,806)

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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 Wharton School, University of Pennsylvania
Downloads 913 (24,037)
Citation 4

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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 Wharton School, University of Pennsylvania
Downloads 887 (25,114)
Citation 7

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asset securitizations, credit ratings, credit risk

14.

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 Wharton School, University of Pennsylvania
Downloads 561 (46,702)
Citation 2

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customer satisfaction

15.

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, Wharton School, University of Pennsylvania and University of Rochester - Simon Business School
Downloads 513 (52,417)

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

16.

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 Wharton School, University of Pennsylvania
Downloads 501 (53,866)

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

17.

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 Wharton School, University of Pennsylvania
Downloads 499 (54,125)
Citation 4

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

18.

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 J. 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 Wharton School, University of Pennsylvania
Downloads 449 (61,792)

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19.

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 Jan 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 Wharton School, University of Pennsylvania
Downloads 433 (64,547)

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

20.

Financial Misreporting: Hiding in the Shadows or in Plain Sight?

Number of pages: 53 Posted: 23 Apr 2018 Last Revised: 14 Jan 2019
Delphine Samuels, Daniel J. Taylor and Robert E. Verrecchia
Massachusetts Institute of Technology (MIT) - Economics, Finance, Accounting (EFA), Wharton School, University of Pennsylvania and University of Pennsylvania - Accounting Department
Downloads 351 (82,691)

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

21.

Audit Process, Private Information, and Insider Trading

Kelley School of Business Research Paper No. 18-85
Number of pages: 43 Posted: 02 Nov 2018
Salman Arif, John Kepler, Joseph H. Schroeder and Daniel J. Taylor
Indiana University - Kelley School of Business - Department of Accounting, University of Pennsylvania - Accounting Department, Indiana University - Kelley School of Business - Department of Accounting and Wharton School, University of Pennsylvania
Downloads 328 (89,317)

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

22.

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, Wharton School, University of Pennsylvania and University of Pennsylvania - Accounting Department
Downloads 324 (90,595)

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

23.

Proprietary Costs and Disclosure Substitution: Theory and Empirical Evidence

Number of pages: 55 Posted: 23 May 2018
Mirko Stanislav Heinle, Delphine Samuels and Daniel J. Taylor
University of Pennsylvania - Accounting Department, Massachusetts Institute of Technology (MIT) - Economics, Finance, Accounting (EFA) and Wharton School, University of Pennsylvania
Downloads 306 (96,376)

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24.

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
Wharton School, University of Pennsylvania and University of Pennsylvania - Accounting Department
Downloads 173 (169,281)

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

25.

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, Wharton School, University of Pennsylvania and Duke University - Fuqua School of Business

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