"The Economics Determinants of the Relation Between Earnings Changes and Stock Returns."

Ball, Ray, S.P. Kothari and Ross L. Watts. The Accounting Review Vol. 68, No. 3 (1993): 622-638.

"Accounting for Executive Compensation."

Watts, Ross L. International Review of Financial Analysis Vol. 1, No. 4 (1992).

"The Investment Opportunity Set and Corporate Financing, Dividend and Compensation Policies."

Smith, Clifford and Ross L. Watts. Journal of Financial Economics Vol. 32, No. 3 (1992): 263-292.

"Accounting Choice Theory and Market-based Research in Accounting."

Watts, Ross L. British Accounting Review Vol. 24, No. 3 (1992): 235-267.

"Corporate Financial Statements, A Product of the Market and Political Processes."

Watts, Ross L. In The Economics of Accounting Policy Choice, edited by C. Smith and R. Ball, New York, NY: McGraw-Hill, 1992.

"Towards a Positive Theory of the Determination of Accounting Standards."

Watts, Ross L. and Jerold L. Zimmerman. In The Economics of Accounting Policy Choice, edited by C. Smith and R. Ball, New York, NY: McGraw-Hill, 1992.