Karel Hrazdil

Simon Fraser University

Associate Professor

Faculty of Business Administration

8888 University Drive, Simon Fraser University

Burnaby, British Colombia V5A 1S6

Canada

http://www.sfubusiness.ca

  • Simon Fraser University

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    • Tel: 778-782-6790
    • Fax: 778-782-4920
SCHOLARLY PAPERS

23

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100

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Scholarly Papers (23)

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1.

Generalist CEOs and Conditional Accounting Conservatism

Journal of Business Finance and Accounting, Forthcoming
Number of pages: 52 Posted: 25 Apr 2023 Last Revised: 30 Sep 2023
Karel Hrazdil, Yi Liang, Lufei Ruan and HakJoon Song
Simon Fraser University, University of Virginia - McIntire School of Commerce, San Francisco State University and California State University, Dominguez Hills
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Abstract:

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Generalist CEOs, Conditional conservatism, Risk-taking, Agency conflict, Corporate governance

2.

Managerial Risk Aversion and the Structure of Executive Compensation

Corporate Governance: An International Review, Vol. 31, No. 4, 563-581, 2023
Posted: 21 Jul 2023
Karel Hrazdil, Jeong Bon Kim, Jiri Novak and Christopher D. Zatzick
Simon Fraser University, City University of Hong Kong (CityU), Institute of Economic Studies, Faculty of Social Sciences, Charles University in Prague, Czech Republic and Independent

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Corporate Governance, CEO Personality, Risk Aversion, Executive Compensation, Incentive Pay

3.

Top Executive Gender Diversity and Financial Reporting Quality

Journal of Contemporary Accounting and Economics, Vol. 9, No. 2, 100363, 2017
Posted: 18 Jul 2022 Last Revised: 20 Oct 2023
Karel Hrazdil, Dan Simunic, Stephen Spector, Nattavut Suwanyangyuan and Nattavut Suwanyangyuan
Simon Fraser University, affiliation not provided to SSRN, affiliation not provided to SSRN and Simon Fraser University (SFU)Brock University

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Executive diversity, Accruals quality, Audit report lag, audit fees, CEO, CFO

4.

How Does Market Competition Affect Shareholder Voting? Evidence from Branching Deregulation in the U.S. Banking Market

Journal of Risk and Financial Management, Vol. 15, No. 9, pp. 387-410, 2022
Posted: 07 May 2022 Last Revised: 15 Mar 2024
Karel Hrazdil, Jeong Bon Kim, Lijing Tong and Min Zhang
Simon Fraser University, City University of Hong Kong (CityU), Beijing Jiaotong University and Renmin University of China - School of Business

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Shareholder voting, Market competition, Bank deregulation, Competitive pressure

5.

Climate reputation and bank loan contracting

Posted: 07 Jan 2021 Last Revised: 22 Jun 2023
Deniz Anginer, Karel Hrazdil, Jiyuan Li and Ray Zhang
Simon Fraser University (SFU), Simon Fraser University, Simon Fraser University and Simon Fraser University - Beedie School of Business

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Bank loan pricing; Climate finance; Climate risk; Adverse climate-related incidents; Environmental, social, and governance (ESG) incidents; Cost of capital

6.

Are the Big 4 Firms Homogeneous? Further Evidence From Audit Pricing

International Journal of Auditing, Vol. 24, No. 3, pp. 347-365, 2020
Posted: 10 Nov 2018 Last Revised: 02 Oct 2020
Karel Hrazdil, Dan A. Simunic, Nattavut Suwanyangyuan and Nattavut Suwanyangyuan
Simon Fraser University, University of British Columbia (UBC) - Sauder School of Business and Simon Fraser University (SFU)Brock University

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Big 4 Auditors, Audit Fees, Auditor Industry Specialization

7.

Measuring Executive Personality Using Machine-Learning Algorithms: A New Approach and Audit Fee-Based Validation Tests

Journal of Business Finance and Accounting, Vol. 47, No. 3-4, pp. 519-544, 2020
Posted: 17 Jan 2018 Last Revised: 08 May 2020
Karel Hrazdil, Jiri Novak, Rafael Rogo, Christine I. Wiedman and Ray Zhang
Simon Fraser University, Institute of Economic Studies, Faculty of Social Sciences, Charles University in Prague, Czech Republic, University of Cambridge - Judge Business School, University of Waterloo and Simon Fraser University - Beedie School of Business

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Personality, Big Five, Machine Learning, Risk, Audit Fees

8.

Assessing Social and Environmental Performance through Narrative Complexity in CSR Reports

Journal of Contemporary Accounting and Economics, Vol. 13, No. 2, pp. 166-178, 2017
Posted: 15 Mar 2017 Last Revised: 02 Oct 2020
Jamal A. Nazari, Karel Hrazdil and Fereshteh Mahmoudian
Simon Fraser University (SFU) - Beedie School of Business, Simon Fraser University and Beedie School of Business, Simon Fraser University

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Corporate Social Responsibility (CSR), CSR Disclosure, CSR Performance, Readability, Voluntary Disclosure, Social Performance, Environmental Performance

9.

Disclosure Quantity and the Efficiency of Price Discovery: Evidence from the Toronto Stock Exchange

Review of Accounting and Finance, Vol. 15, No. 2, pp. 122-143, 2016
Posted: 09 Nov 2016
Dennis Y. Chung, Karel Hrazdil, Nattavut Suwanyangyuan and Nattavut Suwanyangyuan
Simon Fraser University, Simon Fraser University and Simon Fraser University (SFU)Brock University

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Market Efficiency, Disclosure Quantity, TSX

10.

On the Efficiency of Intra-Industry Information Transfers: The Dilution of the Overreaction Anomaly

Journal of Banking and Finance, Vol. 60, pp. 153-167, November 2015
Posted: 09 Nov 2016
Dennis Y. Chung, Karel Hrazdil and Kim Trottier
Simon Fraser University, Simon Fraser University and Simon Fraser University

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Information Transfers, Market Efficiency, Overreaction Anomaly

11.

Industry Classification and the Efficiency of Intra-Industry Information Transfers

American Journal of Business, Vol. 29, No. 1, pp. 95-111, 2014
Posted: 09 Nov 2016
Dennis Y. Chung, Karel Hrazdil and Kim Trottier
Simon Fraser University, Simon Fraser University and Simon Fraser University

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GICS, Industry Classification, Information Transfers, Market Efficiency

12.

An Intra- and Inter-Industry Evaluation of Three Classification Schemes Common in Capital Market Research

Applied Economics, Vol. 46, No. 17, pp. 2021-2033, 2014
Posted: 10 Oct 2013 Last Revised: 02 Oct 2020
Karel Hrazdil, Kim Trottier and Ray Zhang
Simon Fraser University, Simon Fraser University and Simon Fraser University - Beedie School of Business

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Industry classification, Homogeneity, SIC, GICS, NAICS

13.

The Impact of Trading Floor Closure on Market Efficiency: Evidence from the Toronto Stock Exchange

Applied Economics, Vol. 47, No. 56, 6102-6119, 2015
Posted: 20 Jul 2013 Last Revised: 02 Oct 2020
Karel Hrazdil and Dennis Y. Chung
Simon Fraser University and Simon Fraser University

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Electronic trading, floor closure, Market efficiency, TSX

14.

A Comparison of Industry Classification Schemes: A Large Sample Study

Economics Letters, Vol. 118, No. 1, pp. 77-80, 2013
Posted: 30 Aug 2012 Last Revised: 16 Oct 2012
Karel Hrazdil, Kim Trottier and Ray Zhang
Simon Fraser University, Simon Fraser University and Simon Fraser University - Beedie School of Business

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Industry classification, homogeneity, performance, SIC, NAICS, FF, GICS

15.

Speed of Convergence to Market Efficiency in the ETFs Market

Managerial Finance, Vol. 39, No. 5, pp. 457-475, 2013
Posted: 30 Mar 2012 Last Revised: 21 Apr 2013
Karel Hrazdil and Dennis Y. Chung
Simon Fraser University and Simon Fraser University

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ETFs, Price formation, Speed, Market efficiency, Liquidity, NYSE Arca

16.

The Importance of Industry Classification in Estimating Concentration Ratios

Economics Letters, Vol. 114, No. 2, pp. 224-227, 2012
Posted: 25 Nov 2011 Last Revised: 20 Sep 2012
Karel Hrazdil and Ray Zhang
Simon Fraser University and Simon Fraser University - Beedie School of Business

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Concentration Indices, Industry markup, SIC, GICS, Classification

17.

Speed of Convergence to Market Efficiency: The Role of ECNs

Journal of Empirical Finance, Vol. 19, No. 5, pp. 702-720, 2012
Posted: 11 Feb 2011 Last Revised: 29 Sep 2012
Karel Hrazdil and Dennis Y. Chung
Simon Fraser University and Simon Fraser University

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ECN, Speed, Market efficiency, NYSE, Arca

18.

Corporate Governance in Publicly Traded Small Firms: A Study of Canadian Venture Exchange Companies

Business Horizons, Vol. 55, No. 6, pp. 583-591, 2012
Posted: 15 Nov 2010 Last Revised: 21 Oct 2012
Karel Hrazdil, Irene M. Gordon and Daniel M. Shapiro
Simon Fraser University, Beedie School of Business, Simon Fraser University and Simon Fraser University (SFU) - Policy Analysis Area

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Corporate governance, Earnings quality, Venture Exchange, Firm performance

19.

The Role of Industry Classification in Estimating Discretionary Accruals

Review of Quantitative Finance and Accounting, Vol. 40, No. 1, pp. 15-39, 2013
Posted: 13 Dec 2009 Last Revised: 01 Jan 2013
Thomas W. Scott and Karel Hrazdil
Independent and Simon Fraser University

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Discretionary accruals, industry classification, GICS, IPO

20.

Liquidity and Market Efficiency: Analysis of NASDAQ Firms

Global Finance Journal, Vol. 21, No. 3, pp. 262-274, 2010
Posted: 16 Jan 2009 Last Revised: 14 Dec 2010
Dennis Y. Chung and Karel Hrazdil
Simon Fraser University and Simon Fraser University

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Liquidity, return predictability, market efficiency, NASDAQ

21.

Why Do Healthy Firms Freeze Their Defined Benefit Pension Plans?

Global Finance Journal, Vol. 21, No. 3, pp. 293-303, 2010
Posted: 14 Jan 2009 Last Revised: 14 Dec 2010
Christina Atanasova and Karel Hrazdil
Simon Fraser University (SFU) and Simon Fraser University

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Defined benefit pensions, plan freeze, wealth transfer, equity returns, credit ratings

22.

Liquidity and Market Efficiency: A Large Sample Study

Journal of Banking and Finance, Vol. 34, No. 10, pp. 2346-2357, 2010
Posted: 30 Sep 2008 Last Revised: 27 Oct 2010
Dennis Y. Chung and Karel Hrazdil
Simon Fraser University and Simon Fraser University

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Liquidity, return predictability, market efficiency, NYSE

23.

Market Efficiency and the Post-Earnings Announcement Drift

Contemporary Accounting Research, Vol. 28, No. 3, pp. 926-956, 2011
Posted: 03 Sep 2008 Last Revised: 28 Sep 2011
Dennis Y. Chung and Karel Hrazdil
Simon Fraser University and Simon Fraser University

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Market efficiency, Post-earnings announcement drift, Return predictability, Anomaly