Robert M. Bushman
The Forensic Accounting Distinguished Professor
Kenan-Flagler Business School
University of North Carolina at Chapel Hill
Links to my intellectual recommendations & resources
Bushman's
"Intellectual" Recommendations
PhD/MBA Related Resources
Lecture Videos on Accounting for Complex Deals
Health Care Lectures April 2016: Syllabus ; Lecture 1 Slides ; Lecture 1 Video ; Lecture 2 Slides
Art embedded in my lecture slides
Slides from Keynote talks
The Many
Faces of Cash Bonus Plans (Slides
from 13th Conference on New Directions in Management Accounting, Lisbon,
December 2022)
The Morphing
of Corporate Governance (Slides
from Virginia Tech Conference Keynote Talk, May 2022)
Architecture of Transparency (Slides from 2019 AAA Doctoral Consortium)
Thoughts on Accounting Research (Slides
from Keynote Talk Chinese University of
Hong Kong Conference, May 2018)
Finding
Connections in Chaos (Slides from Keynote
Talk MIT Asia Conference, Xiamen China, July 2016)
Life
in the Academic Big City (Slides from Talk to PhD students at NYU, April 2018)
Academics and the Life of the Mind (Slides from 2014 AAA New Faculty Consortium Talk on Research)
2013 JAE Conference Discussion on Beatty and Liao (Slides)
Random Thoughts
Thoughts on
ESG Measurement, February 2022 (See also Kenan
Insights version)
Talk on
Politics and Financial Regulation, November 2010
An Essay: Social Arbitrage, December 2005
Bushman’s History
2022 Profile on UNC website: The art of
depicting economic reality
Profiles on me from my University
of Chicago days: Profile 1
1990; Profile 2
1992; Profile 3 1992
My days with the Amazing Martial Arts Show 1978 The Martial Artists
Publications
1.
The Influence
of Short Selling on the Production and Market Consequences of Negative Press
Coverage, with Jedson
Pinto, Management Science (forthcoming).
2.
Cash-based bonus plans as a strategic
communication, coordination and commitment mechanism. Journal of Accounting and
Economics, Volume 72, No. 2/3, November/December 2021.
3.
The Influence of Loan Officers on Debt Contract
Design and Performance, with Janet Gao, Joseph
Pacelli and Xiumin Martin, Journal of Accounting and Economics Vol. 71, No. 1,
2021.
4.
Bank CEO Materialism: Risk Controls, Culture
and Tail Risk, with Rob Davidson, Aiyesha
Dey and Abbie Smith. Journal of Accounting and Economics 65 (1), February 2018:
191-220.
5.
The
Informational Role of the Media in Private Lending, with Christopher Williams and Regina Wittenberg-Moerman, Journal
of Accounting Research Volume 55, Issue 1, March 2017: 115–152.
6.
Bank
Competition: Measurement, Decision-Making and Risk-Taking, with Brad Hendricks and Christopher Williams, Journal of
Accounting Research Volume 54 Issue 3, June 2016: 777–826.
7.
Transparency,
Accounting Discretion and Bank Stability, Economic
Policy Review, Issue Aug, pp. 129-149, 2016.
8.
The
Changing Landscape of Accrual Accounting, with
Alina Lerman and Frank Zhang. Journal of Accounting Research Volume 54, Issue
1, March 2016: 41–78.
9.
Management Team Incentive
Alignment and Firm Performance, with Zhonglan Dai and Weining Zhang. The
Accounting Review, January 2016, Vol. 91, No. 1, 21-45.
10.
Delayed Expected Loss
Recognition and the Risk Profile of Banks, with Chris
Williams. Journal of Accounting Research, Volume 53, Issue 3, 511–553, June
2015.
11.
Thoughts
on financial accounting and the banking industry, Journal of Accounting and Economics, 2014, 58, 384–395.
12.
Accounting discretion, loan
loss provisioning, and discipline of Banks' risk-taking, with
Christopher Williams. Journal of Accounting and Economics 54 (2012) 1–18
13.
The Role of Bank Reputation
in "Certifying" Future Performance Implications of Borrowers'
Accounting Numbers, with Regina Wittenberg-Moerman. Journal of
Accounting Research 2012, Volume 50, Issue 4, pages 883–930.
14.
Capital Allocation and
Timely Accounting Recognition of Economic Losses, with Abbie Smith and Joe Piotroski, Journal of Business, Finance
and Accounting, 2011, Vol. 38, Issue 1/2.
15.
Price Discovery and
Dissemination of Private Information by Loan Syndicate Participants, with Abbie Smith and Regina Wittenberg-Moerman, Journal of Accounting Research Vol. 48 No. 5 December 2010.
16.
The Pros and Cons of
Regulating Corporate Reporting: A Critical Review of the Arguments, with Wayne Landsman. Accounting
and Business Research Vol. 40 Number
3, 2010 .
17.
A Discussion of Creditors'
and Shareholders' Reporting Demands in Public versus Private Firms: Evidence
from Europe, Contemporary
Accounting Research Vol. 27 No. 1 (Spring 2010) pp. 93–99.
18.
Risk and CEO Turnover, with Zhonglan Dai and Xue Wang. Journal of Financial Economics Volume 96, Issue 3, June 2010,
Pages 381-398.
19.
Weak" Governance May
Be Optimal Governance: Discussion of Corporate Governance and Backdating of
Executive Stock Options, Contemporary Accounting Research Vol 26, Summer 2009.
20.
The Debt-Contracting Value
of Accounting Information and Loan Syndicate Structure, with Ryan Ball and Florin Vasvari, Journal of Accounting Research Vol. 46 No. 2 May 2008
21.
An Analysis of the Relation
Between the Stewardship and Valuation Roles of Earnings, with Ellen Engel, and Abbie Smith. Journal of Accounting Research Vol 44 Number 1 March 2006.
22.
Financial reporting
incentives for conservative accounting: The influence of legal and political
institutions, with Joe Piotroski. Journal of Accounting
and Economics Vol. 42 (October 2006), pp. 107-48.
23. Insider Trading Restrictions and Analysts’
Incentives to Follow Firms, with Joe Piotroski and Abbie Smith. Journal of Finance Volume 60 February 2005. (Nominated for the 2005 Smith Breeden
Prize)
24.
Financial Accounting
Information, Organizational Complexity and Corporate Governance Systems, with Qi Chen, Ellen Engel, and Abbie Smith, Journal of Accounting and Economics 37 (2004), 167-201.
25.
What Determines Corporate
Transparency? with Joe Piotroski and Abbie Smith. Journal of
Accounting Research 2004 , 42
(2).
26.
Transparency, Financial
Accounting Information and Corporate Governance, with Abbie Smith.
Federal Reserve Bank of New York's Economic
Policy Review, April 2003 Volume 9, Number 1 : 65-87.
27.
Financial Accounting Information
and Corporate Governance, with Abbie Smith. Journal
of Accounting & Economics, Vol.
32, Nos. 1-3, August/October/December 2001.
28.
Private
Pre-Decision Information, Performance Measure Congruity and the Value of
Delegation, with Raffi Indjejikian and Mark Penno, Contemporary Accounting Research , Vol. 17 Winter 2000 pp. 561-587.
29.
Earnings
Announcements and Market Depth, Robert
Bushman, Sunil Dutta, John Hughes and Raffi Indjejikian, Contemporary Accounting Research, Vol.
14 No. 1 (Spring 1997) pp. 43-68.
30.
CEO
Compensation: The Role of Individual Performance Evaluation, Robert Bushman, Raffi Indjejikian and Abbie Smith. Journal of Accounting and Economics,
Vol. 21 April 1996pp. 161-193.
31.
A
Model of Two-Tiered Financial Reporting, Robert
Bushman, Frank Gigler and Raffi Indjejikian. Journal
of Accounting Research, Supplement 1996 pp. 51-74.
32.
A Note
on Strategic Sampling in Agencies, Robert
Bushman and Chandra Kanodia. Management
Science, Vol 43 January 1996 pp. 151-156.
33.
Aggregate
Performance Measures in Business Unit Manager Compensation: The Role of
Intrafirm Interdependencies, Robert
Bushman, R. Indjejikian and Abbie Smith. Journal
of Accounting Research, Vol. 33 Supplement 1995 pp. 101-128.
34.
Voluntary
Disclosures and the Trading Behavior of Corporate Insiders, Robert Bushman and Raffi Indjejikian. Journal of Accounting Research,
Vol. 33 No. 2, Autumn 1995 pp. 293-316.
35.
Stewardship
Value of "Distorted" Accounting Disclosures, Robert Bushman and R. Indjejikian. The Accounting Review, October
1993 pp. 765-782.
36.
Accounting
Income, Stock Price and Managerial Compensation, Robert Bushman and Raffi Indjejikian. Journal of Accounting and Economics, Jan./Feb./March 1993 pp. 3-23.
37.
Public
Disclosure and the Structure of Private Information Markets, Robert Bushman Journal
of Accounting Research, Autumn 1991 pp. 261-276.
38.
Escalation
Errors and the Sunk Cost Effect: An Explanation Based on Reputation and
Information Asymmetries, with
Chandra Kanodia and John Dickhaut. Journal
of Accounting Research, 1989 pp. 59-77.
Working papers
·
Private Information, Risk Tradeoffs and Disclosure
Incentives of Activist Short Sellers, with Byung Hyun Ahn and Panos Patatoukas,
July 2022.
·
Social
Externalities of Bank Enforcement Actions: The Case of Minority Lending, with Byeongchan An, Anya Kleymenova and Rimmy Tomy.
July 2022
·
Contracting
Frictions, Dynamic Adjustment of CEO Incentives and Firm Performance with
Zhonglan Dai and Weining Zhang, July 2022.
·
Human
judgments of executive teams' human capital, with Salman Arif, John Donovan and
Yadav Gopalan. April 2022.
·
Transparency of
common downside risk exposures across banks, with Jason Chen and Chris
Williams, (under revision July 2022). Link to earlier draft
·
Information
from Implied Volatility Comovements and Insider Trades, with Vivek Ravel and Sean Wang, (Under
revision, July 2022). Link to earlier draft
Research
in Progress
·
Monitoring Mechanism Portfolio Choices in the
Syndicated Loan Market, with Sunjin Park and Donny Zhang.
·
The Special Role of Bank Earnings in the
Relation between Aggregated Earnings and Gross Domestic Product, With Boaz
Noiman and Ryan Ball
Older
Working Papers
Governance,
Competition and Opportunistic Accounting Choices by Banks,
with Susie Wang and Christopher Williams, may 2017.
Bank Incentives, Credit
Market Discipline and Firm Performance in China,
with Qi Chen, Kun Wang and Xing Xiao, July 2013.
Investment Cash Flow
Sensitivities Really Reflect Related Investment Decisions,
with Abbie Smith and Frank Zhang, May 2012.
Implied Bond Liquidity,
with Ahn Le and Florin Vasvari, January 2010.
Does secondary loan market
trading destroy lenders' incentives?,
with Regina Wittenberg-Moerman, November 2009.