Daniel J. Taylor

The Wharton School, University of Pennsylvania

Associate Professor of Accounting

3641 Locust Walk

Philadelphia, PA 19104-6365

United States

SCHOLARLY PAPERS

30

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27,067

SSRN CITATIONS
Rank 1,405

SSRN RANKINGS

Top 1,405

in Total Papers Citations

238

CROSSREF CITATIONS

565

Scholarly Papers (30)

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 3,438 (3,231)
Citation 28

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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
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 1,940 (8,512)
Citation 18

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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
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 1,864 (9,098)
Citation 3

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

Political Connections and the Informativeness of Insider Trades

Rock Center for Corporate Governance at Stanford University Working Paper No. 222
Number of pages: 108 Posted: 08 Sep 2016 Last Revised: 24 Mar 2020
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 1,830 (9,181)
Citation 5

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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
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

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 1,772 (9,671)
Citation 34

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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 1,753 (10,035)
Citation 27

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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
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 1,439 (13,763)
Citation 24

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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, Massachusetts Institute of Technology (MIT) - Economics, Finance, Accounting (EFA) and The Wharton School, University of Pennsylvania
Downloads 1,336 (15,416)
Citation 40

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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.
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 1,274 (16,569)
Citation 8

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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.
Number of pages: 61 Posted: 21 Oct 2012 Last Revised: 08 Jun 2013
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 1,218 (17,731)
Citation 60

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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
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 The Wharton School, University of Pennsylvania
Downloads 1,118 (20,166)
Citation 12

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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 922 (26,763)
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 901 (27,657)
Citation 3

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asset securitizations, credit ratings, credit risk

14.

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 578 (50,529)
Citation 6

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

15.

The Stock Market’s Pricing of Customer Satisfaction

Marketing Science, Vol. 28, No. 5, pp. 826-835, September-October 2009
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 571 (51,253)
Citation 1

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customer satisfaction

16.

Audit Process, Private Information, and Insider Trading

Kelley School of Business Research Paper No. 18-85
Number of pages: 58 Posted: 02 Nov 2018 Last Revised: 17 Mar 2020
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 570 (51,366)

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

17.

The Economics of Managerial Taxes and Corporate Risk-Taking

The Accounting Review, Forthcoming
Number of pages: 68 Posted: 24 Oct 2017 Last Revised: 12 Nov 2019
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 563 (52,152)
Citation 8

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

18.

Proprietary Costs and Disclosure Substitution: Theory and Empirical Evidence

Number of pages: 55 Posted: 23 May 2018
University of Pennsylvania - Accounting Department, Massachusetts Institute of Technology (MIT) - Economics, Finance, Accounting (EFA) and The Wharton School, University of Pennsylvania
Downloads 550 (53,688)
Citation 6

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19.

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
Number of pages: 6 Posted: 08 Sep 2014
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 538 (55,267)
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

20.

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

Review of Accounting Studies, Forthcoming
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 507 (59,539)
Citation 15

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

21.

The Economics of Public Scrutiny and Financial Misreporting

Number of pages: 65 Posted: 23 Apr 2018 Last Revised: 20 May 2020
Delphine Samuels, Daniel J. Taylor and Robert E. Verrecchia
Massachusetts Institute of Technology (MIT) - Economics, Finance, Accounting (EFA), The Wharton School, University of Pennsylvania and University of Pennsylvania - Accounting Department
Downloads 482 (63,440)

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

22.

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 478 (64,118)

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23.

Undisclosed SEC Investigations

Management Science, Forthcoming
Number of pages: 42 Posted: 10 Jan 2020 Last Revised: 16 Jun 2020
Oregon State University , Stanford Graduate School of Business, University of Washington - Foster School of Business and The Wharton School, University of Pennsylvania
Downloads 450 (69,006)
Citation 6

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

24.

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 336 (96,986)
Citation 6

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

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
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 216 (153,335)

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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.

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 177 (184,008)
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

27.

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
Stanford University - Graduate School of Business, University of Pennsylvania, Stanford University - Graduate School of Business and The Wharton School, University of Pennsylvania
Downloads 133 (233,299)

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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

28.

Voluntary Disclosure when Private Information and Proprietary Costs are Jointly Determined

Number of pages: 40 Posted: 04 Jun 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 77 (337,030)

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

29.

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

Number of pages: 8 Posted: 10 Mar 2020
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 36 (475,171)

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30.

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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