Browsing HBS Scholarly Articles by Author "Healy, Paul"

Now showing items 1-6 of 6

    • Market Competition, Earnings Management, and Persistence in Accounting Profitability Around the World 

      Healy, Paul Murray; Serafeim, Georgios; Srinivasan, Suraj; Yu, Gwen Gwen (2014-11-25)
      We examine how cross-country differences in product, capital, and labor market competition, and earnings management affect mean reversion in accounting return on assets. Using a sample of 48,465 unique firms from 49 ...

    • The Stock Selection and Performance of Buy-Side Analysts 

      Groysberg, Boris; Healy, Paul M.; Serafeim, Georgios; Shanthikumar, Devin (2012-11-09)
      Prior research on equity analysts focuses almost exclusively on those employed by sell-side investment banks and brokerage houses. Yet investment firms undertake their own buy-side research, and their analysts face different ...

    • Voluntary, Self-Regulatory, and Mandatory Disclosure of Oil and Gas Company Payments to Foreign Governments 

      Healy, Paul; Serafeim, Georgios (American Accounting Association, 2019-11-01)
      Concerns about high rates of government corruption in resource rich countries have led transparency advocates to urge oil and gas firms to disclose payments to host governments for natural resources. Transparency, they ...

    • What Drives Sell-Side Analyst Compensation at High-Status Investment Banks? 

      Groysberg, Boris; Healy, Paul Murray; Maber, David A. (2011)
      We use proprietary data from a major investment bank to investigate factors associated with analysts' annual compensation. We find compensation to be positively related to "All-Star" recognition, investment-banking ...

    • What Factors Drive Analyst Forecasts? 

      Groysberg, Boris; Healy, Paul Murray; Nohria, Nitin; Serafeim, Georgios (2011)
      A firm's competitive environment, its strategic choices, and its internal capabilities are considered important determinants of its future performance. Yet there is little evidence on whether analysts' forecasts of firm ...

    • Who Pays for White-Collar Crime? 

      Healy, Paul Murray; Serafeim, Georgios (2016-08-24)
      Using a proprietary dataset of 667 companies around the world that experienced white-collar crime we investigate what drives punishment of perpetrators of crime. We find a significantly lower propensity to punish crime in ...