CEO Profile and Earnings Quality

This paper introduces the PSCORE, which aggregates nine personal characteristics of chief executive officers (CEOs), to signal the quality of earnings. The PSCORE is a composite score based on publicly available data on CEOs. The study reports strong positive relationships between the PSCORE and two different proxies for earnings quality, (i) discretionary accruals and (ii) financial statement errors, measured by deviations of the first digits of figures reported in financial statements from those expected by Benford’s Law. Further analyses indicate that the relationships between the PSCORE and the proxies for earnings quality become more pronounced when CEOs have high equity-based compensation incentives. The findings have some implications for practitioners

Nitrogen oxides, regional transport, and ozone air quality: Results of a regional-scale model for the midwestern United States

An overview of the role of NO x in the formation of rural O 3 , regional transport and its potential impact on urban air quality is presented. An analysis of a specific O 3 excursion in southeast Michigan (8-2-90) is performed based on a combined urban and regional-scale model. The regional component of the model represents transport and photochemistry from sources as far away as Texas. Results suggest that rural O 3 and regional transport sensitive to NO x emissions and relatively insensitive to changes in volatile organic carbon (VOC) emissions. This differs from the situation in urban areas, where O 3 is sensitive to both NO x and VOC. Regional transport and upwind NO x emissions have a significant impact on peak O 3 in Detroit. Implications for urban and regional-scale abatement strategies are discussed.Peer Reviewedhttp://deepblue.lib.umich.edu/bitstream/2027.42/43908/1/11270_2004_Article_BF00480817.pd