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We examine differences in CEO achievement of EPS goals set separately through analyst forecasts and firm bonus plans. Having different goals for the same performance metric enables us to assess their relative importance in incentivizing CEOs. We find CEOs frequently achieve analyst forecasts,...
Persistent link: https://www.econbiz.de/10011800636
We present a model with dynamic investment flows, where fund managers have the ability to generate excess returns and …
Persistent link: https://www.econbiz.de/10011808018