Brochet, François; Limbach, Peter; Schmid, Markus M.; … - 2019 - This draft: January 26, 2019
, iii) if CEO entrenchment is higher. Lastly, financial reporting quality also follows a hump shape while earnings smoothing … increases over CEO tenure, suggesting that CEOs entrench themselves by obfuscating their declining performance. While we find … deteriorating CEO-firm match in conjunction with increasing entrenchment. …