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2 Corporate
Governance
Encouraging good
corporate behavior
4 Entrepreneurship
Exploring the
reasons for a new
venture’s initial
network position
6 Accounting
The affect of
earnings surprises
on information
asymmetry
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MARCH 2009
Research@Smith
Research@Smith summarizes research conducted by the
faculty of the Robert H. Smith School of Business at the
University of Maryland.
Research@Smith is published three times a year by the
Robert H. Smith School of Business, University of Maryland;
3570 Van Munching Hall, College Park, MD 20742.
www.rhsmith.umd.edu
DEAN
G. Anandalingam
DiRECTOR Of RESEARCH
Michael Ball
EDiTOR
Rebecca Winner
DESiGN
Lori Newman
Research@Smith is published three times a year by the
Robert H. Smith School of Business, University of Maryland;
3570 Van Munching Hall, College Park, MD 20742.
www.rhsmith.umd.edu
We’d like to put Research@Smith directly into the hands of
faculty and administrators who are interested in learning
about the latest research conducted by Smith School
faculty. To request a copy of this publication or make an
address correction, contact Rebecca Winner via e-mail,
editor@rhsmith.umd.edu, or phone, 301.405.9465.
Visit the Smith Research Network:
www.rhsmith.umd.edu/smithresearch/
VOL
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Research@Smith
Coming Forward
page 2
Research by Ken G. Smith and Kathryn M. Bartol
industry norms are more effective than sanctions in encouraging
good corporate behavior.
Causes and Consequences of Initial Network Positions
page 4
Research by Benjamin Hallen
Who you know matters, but only within the first year of the new venture’s life.
Earnings Surprises and Information Asymmet