This paper documents significant trading by insiders around a first-time debt covenant
violation disclosure in an SEC filing. This is interesting from a research and regulatory
standpoint because of three considerations: the delay and infrequency of a new covenant
violation disclosure, a lack of attention to covenant disclosures by regulators, and a dearth of
This paper offers new findings on the relation between auditor dismissals and resignations and audit fees. Unlike the prior research, which studies the fees of auditors after an auditor change, UC Davis Professor Paul Griffin and co-author David H. Lont from the University of Otago, Dunedin focus on audit fees before an auditor change. Their evidence shows that incumbent auditors charge unusually higher fees at least one year prior to an auditor change event. The existence of unusual fee adjustments by incumbents may serve as a precursor of such events.
India’s rapidly growing mobile market has reached an estimated 900 million accounts, with service in rural areas expected to fuel further growth in a nation with 1.2 billion people, according to global consultancy Deloitte. In a cover story for one of India’s leading business magazines, The Analyst, Professor Hemant Bhargava and Xiahua Wei of the Department of Economics at UC Davis explore the impact of the country’s recently adopted Mobile Number Portability (MNP) policy and how it will change purchasing behavior of mobile subscribers.
Much past research on commercialization activities by university scientists and engineers has focused on the role of resources in the extra-organizational commercialization environment, such as the availability of venture capital funding.
By contrast, researchers Steven Curall, UC Davis professor and Dean of the Graduate School of Management, Emily M. Hunter of Baylor University and Sara Jansen Perry from the University of Houston were interested in intra-organizational dynamics impacting the context in which scientists and engineers work.
How does one manage risk, failure and breakthrough during an innovation process? Professor Andrew Hargadon explored how managers throughout history have innovated and managed that innovation in a plenary talk at the 2011 Independent Sector Annual Conference in Chicago in October. The conference drew 1,000 of the brightest minds from nonprofits, foundation and corporate giving programs.
Associate Professor Beth Bechky, an expert in organizational behavior, recently spent 18 months studying the impact of the intersection of science and law at a forensic laboratory. She presented her preliminary findings to a diverse group of scholars at a workshop on “Forensic Performances: Tracing Crime, Constructing Evidence” at UC Davis in October.
Investors are far from rational: They are often guided by emotions such as regret, disappointment, pride and contentment rather than an objective assessment of the facts.
Professor Brad Barber, a leading expert on investor psychology, joined with Terrance Odean of UC Berkeley’s Haas School of Business and Michal Strahilevitz of the Ageno School of Business at Golden Gate University to investigate how individual traders’ market experiences affect their purchasing behavior.
The Graduate School of Management continued its partnership with the Financial Management Association International to co-host the Ninth Annual Napa Conference on Financial Markets Research from April 20 & 21, at the Cakebread Winery in Napa Valley.
Thirty top scholars—from Rice University, New York University, Northwestern University, University of Michigan and other leading institutions—discussed subjects ranging from the effects risk taking has on financial conglomerates and the financial crisis of 2008 to how journalists impact asset prices.
UPDATE: Andrew Barkett is leaving his post as senior engineer at Facebook to bring his decade of experience in Silicon Valley to become the first-ever chief technology officer for the Republican National Committee.The June 4 announcement has stirred a whirlwind of media coverage, including the Huffington Post and Washington Post.Bark
Agilent Technologies’ Electronic Measurement Group is a $3.6 billion business that over the past decade has seen a dramatic shift in its customer base from U.S., and Western European customers to predominantly Asia-based customers. Today, the majority of the division’s revenues are generated outside of the U.S., with an increasing concentration in China.
(Davis, CA) — The UC Davis Graduate School of Management’s full-time MBA program has been ranked among the top six percent of AACSB International-accredited programs nationwide, according to U.S. News & World Report’s latest graduate business school rankings released today.