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
Thoughts
on Intangibles in the Banking Sector
(Slides from Keynote Remarks at Workshop on Financial Institutions Research,
St. Louis Federal Reserve Bank, May 19, 2023)
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
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.