Harward Business School

Finance research paper presentation slides. This presentation summarizes the study Mutual Fund Performance at Long Horizons by Hendrik Bessembinder, Michael J. Cooper, Feng Zhang (2023). Slides cover main idea, motivation, hypothesis, methodology (long-term compounded buy-and-hold returns, CAPM-style alpha, wealth ratio, risk adjustment), key results (fewer funds outperform over long horizons, positive monthly alpha does not guarantee superior long-run wealth, long-horizon returns are highly pos...

Finance research paper presentation slides. This presentation summarizes the study by Graham, Michaely, & Roberts (2003) examining whether ex-dividend day anomalies, where stock prices drop by less than the dividend, are driven by market microstructure factors such as price discreteness, bid–ask spreads, and transaction costs. Slides cover main idea, motivation, empirical strategy, data sample, model specifications for ex-dividend premium and abnormal returns, key results across tick-size regi...

Finance research paper presentation slides. This presentation provides a concise summary of the study by Frank & Jagannathan (1998) on why stock prices drop by less than the value of the dividend in a country without taxes (Hong Kong). Slides include main idea (market microstructure effects, bid–ask spreads, trading behavior, price discreteness), motivation (testing tax explanations, clean lab of Hong Kong), data (PACAP Database, 1980–1993, 1,896 dividends, 351 firms), methodology (buyers, s...

Finance research paper presentation slides. This presentation provides a student-ready, detailed summary of the study by Bergstresser & Philippon (2006) on the relationship between CEO incentives and earnings management. Slides cover the main idea, motivation, methodology (accrual-based measures, discretionary accruals, incentive ratio), data sources (Compustat, ExecuComp, Thomson Financial), results (higher CEO equity incentives linked to greater accrual-based earnings management, CEO option ex...

Finance research paper presentation slides. This presentation summarizes the study by Irani & Oesch (2013) on the monitoring role of financial analysts in corporate disclosure. Slides cover main idea, motivation, natural experiment using brokerage mergers (1994–2005), methodology (difference-in-differences, total and abnormal accruals, textual measures, governance tests), key results (loss of analyst coverage reduces reporting quality, stronger effect in weakly governed firms, substitutes for ...

Finance research paper presentation slides. This presentation provides a concise summary of the study by Armstrong, Larcker, Ormazabal & Taylor (2013) on the role of executive equity incentives in financial misreporting. Slides cover main idea, motivation, hypothesis, methodology (baseline regression, Probit models, discretionary accruals, accounting restatements, SEC AAER), key results (Vega positively predicts earnings manipulation, Delta becomes insignificant once Vega is included, Vega incre...

Finance research paper presentation slides. This presentation provides a concise summary of the study by Law & Mills (2019) on the role of criminal background checks in financial advisory and investor protection. Slides include main question, contribution, motivation, methodology (advisor-, firm-, and mutual fund-level analysis, linear probability models, branch fixed effects), key results (higher risk of complaints, settlements, regulatory actions for advisors with pre-advisor criminal records,...

Finance research paper presentation slides. This presentation provides a concise summary of Christensen, Cline, Lundstrom, & Yore (2024) study on whether auditors interpret executives’ off-the-clock personal misconduct (e.g., sexual misadventure, dishonesty, substance abuse, violence) as a signal of weak tone at the top. Slides cover main idea, motivation, hypothesis, methodology (audit fees regression, auditor resignation probability), key results (auditors increase audit effort, higher audit...

Finance research paper presentation slides. This presentation provides a concise summary of the study by Cline, Walkling & Yore (2018) on managerial misconduct and its economic consequences for firms. Slides include main idea, motivation, hypotheses (Separate Affairs vs Integrated Affairs), methodology (event study, logit models, panel regressions), key results (market reaction, reputational vs direct costs, counterparty relationships, operating performance, litigation risk), and conclusions. De...

Finance research paper presentation slides. This presentation provides a concise summary of the study by Karpoff & Lott (1993) on reputational penalties for corporate fraud. Slides include main idea, motivation, hypothesis, methodology (event study, market reactions), key results (market penalization, economic losses, legal penalties vs reputational impact), and conclusions. Designed for students who need a ready-to-use, detailed analysis with graphs, tables, and discussion points, ready to use ...