Publications

"Litigation Risk and Strategic M&A Valuations." ​Imperatore, Claudia, Gabriel Pundrich, Rodrigo Verdi, and Benjamin Yost, Journal of Accounting and Economics, Forthcoming. SSRN Preprint.

"​A Measure of Financial Statement Benchmarking." Hoitash, Rani, Udi Hoitash, Ahmet Kurt, and Rodrigo Verdi, The Accounting Review, Vol. 98, No. 6 (2024): 253-281. SSRN Preprint.

• Download firm benchmarking measure

"Calendar Rotations: A New Approach for Studying the Impact of Timing using Earnings Announcements." Noh, Suzie, Eric So, and Rodrigo Verdi, Journal of Financial Economics, Vol. 140, No. 3 (2021): 865-893. Download Paper.

"CEO Tax Effects on Acquisition Structure and Value." Hanlon, Michelle, Rodrigo Verdi, and Benjamin Yost, The Accounting Review, Vol. 96, No. 2 (2021): 333-363. SSRN Preprint.

"Discussion of Economic Consequences of IFRS Adoption: The Role of Changes in Disclosure Quality." Narano, Patricia and Rodrigo Verdi. Contemporary Accounting Research Vol. 38, No. 1 (2021): 129-179. Download Paper.

"Do Firms Strategically Internalize Disclosure Spillovers? Evidence from Cash-Financed M&As." Kim, Jinhwan, Rodrigo Verdi, and Benjamin Yost. Journal of Accounting Research Vol. 58, No. 5 (2020): 1249-1297. Download Paper.

"The Pecking Order and Financing Decisions: Evidence from Changes to Financial-Reporting Regulation." Naranjo, Patricia L., Daniel Saavedra, and Rodrigo Verdi, Journal of Accounting, Auditing, and Finance, Vol. 37. No. 4 (2022): 727–750. Download Paper.

“The Effects of Financial Reporting and Disclosure on Corporate Investment: A Review” with Sugata Roychowdhury and Nemit Shroff. Journal of Accounting and Economics 68 (2-3), (2019).

"When Does the Peer Information Environment Matter?" Shroff, Nemit, Rodrigo Verdi, and Benjamin P. Yost. Journal of Accounting and Economics, 64 (2-3), (2017): 183-214.

• Peer Info Dataset: Read me file, Excel file, SAS file, Stat file.

"Analysts’ Forecasts and Asset Pricing: A Survey." Kothari, SP, Eric So, and Rodrigo Verdi. Annual Review of Financial Economics Vol. 8 (2016): 197-219.

“The Effect of Repatriation Tax Costs on U.S. Multinational Investment.” Hanlon, Michelle, Rebecca Lester and Rodrigo Verdi. Journal of Financial Economics Vol. 116, No. 1 (2015): 179-196.

“Mandatory Disclosure Quality, Inside Ownership, and Cost of Capital.” Core, John E., Luzi Hail and Rodrigo Verdi. European Accounting Review Vol. 24, No. 1 (2015): 1-29.

“The Relation between Reporting Quality and Financing and Investment: Evidence from Shocks to Financing Capacity.” Balakrishnan, Karthik, John E. Core and Rodrigo Verdi. Journal of Accounting Research Vol. 52, No. 1 (2014): 1-36.

“Information Environment and the Investment Decisions of Multinationals Corporations.” Shroff, Nemit, Rodrigo Verdi and Gwen Yu. The Accounting Review Vol. 89, No. 2 (2014): 759-790. Download Appendix.

“Management Forecast Credibility and the Underreaction to News.” Ng, Jeffrey, Irem Tuna and Rodrigo Verdi. Review of Accounting Studies Vol. 18, No. 4 (2013): 956-986.

"Peer Choice in CEO Compensation." Albuquerque, Ana, Gus DeFranco and Rodrigo Verdi. Journal of Financial Economics Vol. 108, No. 1 (2013): 160-181.

• Analysis dataset: Stata Dataset.
• Stata program: Stata DO file.

“Adopting a Label: Heterogeneity in the Economic Consequences around IAS/IFRS Adoptions.” Daske, Holger, Luzi Hail, Christian Leuz and Rodrigo Verdi. Journal of Accounting Research Vol. 51, No. 3 (2013): 495-547.

• This paper won the 2016 FARS Best Paper Award by the American Accounting Association.

“Discussion of ‘Financial Reporting Frequency, Information Asymmetry and the Cost of Equity'.” Verdi, Rodrigo. Journal of Accounting and Economics Vol. 54, No. 2-3 (2012): 150-153.

“Investor Competition over Information and the Pricing of Information Asymmetry.” Akins, Brian, Jeffrey Ng and Rodrigo Verdi. The Accounting Review Vol. 87, No. 1 (2012): 35-58.

“The Benefits of Financial Statement Comparability.” DeFranco, Gus, S.P. Kothari and Rodrigo Verdi. Journal of Accounting Research Vol. 49, No. 4 (2011): 895-931.

• SAS program and comparability datasets (1981-2009): SAS program, LST file, Firm-pair-year dataset, Firm-year dataset.
• SAS program and comparability datasets (1981-2013): SAS program, LST file, Firm-pair-year dataset, Firm-year dataset.
• Note: The 2013 version of the dataset was created from a newer version of Compustat/CRSP. Please email me if you encounter any issues with the data.
• An updated version of the SAS code and datasets with data provided up to FYE2018 has been provided kindly by Prof. Wei Zhu: SAS Program, Firm-pair-year dataset, Firm-year dataset.

“How Does Financial Reporting Quality Relate to Investment Efficiency?” Biddle, Gary C., Gilles Hilary and Rodrigo Verdi. Journal of Accounting and Economics Vol. 48, No. 2-3 (2009): 112-131.

“Mandatory IFRS Reporting Around the World: Early Evidence on the Economic Consequences.” Daske, Holger, Luzi Hail, Christian Leuz, and Rodrigo Verdi. Journal of Accounting Research Vol. 46, No. 5 (2008): 1085-1142.

• This paper won the 2016 Distinguished Contribution to the Accounting Literature Award by American Accounting Association meeting at NYC.
• This paper won the Best Paper Award in Financial Accounting at the 2008 European Accounting Association meeting at Rotterdam.
• This paper won the 2012 Emerald Citation of Excellence Award as one of the top 50 management, business and economics articles of 2008.
• This paper won the 2014 Emerald Citation of Excellence Award as one of the high impact contribution in the field of accounting and finance.

“Is Accruals Quality a Priced Risk Factor?” Core, John E., Wayne R. Guay and Rodrigo Verdi. Journal of Accounting and Economics Vol. 46, No. 1 (2008): 2-22.

“Implications of Transaction Costs for Post-Earnings-Announcement Drift.” Ng, Jeffrey, Tjomme O. Rusticus, and Rodrigo Verdi. Journal of Accounting Research Vol. 46, No. 3 (2008): 661-696.

“Agency Problems of Excess Endowment Holdings in Not-For-Profit Firms.” Core, John E., Wayne R. Guay and Rodrigo Verdi. Journal of Accounting and Economics Vol. 41, No. 3 (2006): 307-333.

“Stock Market Anomalies: What Can We Learn From Repurchases and Insider Trading?” Core, John E., Wayne R. Guay, Scott A. Richardson and Rodrigo Verdi. Review of Accounting Studies Vol. 11, No. 1 (2006): 49-70.