Showing 1 - 10 of 3,047
We investigate how the interaction between product market competition and firm-level corporate governance enhances the …
Persistent link: https://www.econbiz.de/10013021973
find that their legal expertise, accounting expertise and foreign experience helps improve management earnings forecast …
Persistent link: https://www.econbiz.de/10012962741
This study examines the influence of managerial power on analysts' earnings forecast accuracy. CEO/Chairperson duality … that have been shown to affect analysts' forecast accuracy in prior literature, this study indicates that managerial power … is positively associated with analysts' earnings forecast errors for large firms, but not for small firms. The non …
Persistent link: https://www.econbiz.de/10013061532
significant government ownership issued relatively less pessimistic (or more optimistic) earnings forecasts, earnings-forecast …
Persistent link: https://www.econbiz.de/10011931362
Persistent link: https://www.econbiz.de/10014292179
This paper examines the effect of family ownership on firm voluntary disclosure and the associated capital market consequences. I use a randomly assigned family trait, the gender of the firstborn child of the firm's family owner, as an instrumental variable and find that family ownership of a...
Persistent link: https://www.econbiz.de/10012903826
This paper investigates empirically the effect of ownership concentration on corporate disclosure choice in Bangladesh. In an environment of weak enforceability of laws, corporate culture in Bangladesh is characterized by family control and concentrated ownership. Controlling shareholders...
Persistent link: https://www.econbiz.de/10013004500
We examine the voluntary disclosure behavior of peer firms of hostile takeover targets. We find that peer firms under control threat use a disclosure strategy that emphasizes bad news: they provide more bad news forecasts, tend to bundle bad news forecasts with earnings announcements, use more...
Persistent link: https://www.econbiz.de/10012851057
We document negative stock returns and elevated trading volumes around executives' early option exercise disclosures post-SOX but not pre-SOX. This stock price reaction is incomplete, and the negative stock price drift is smaller post-SOX compared to pre-SOX. We also show effects of media...
Persistent link: https://www.econbiz.de/10013046080
How does the possibility of being taken over affect a manager’s voluntary disclosure? This paper analyzes this question in a setting where the manager’s disclosure complements the rival’s expertise and influences the probability the firm is taken over by a rival. The threat of being...
Persistent link: https://www.econbiz.de/10013293318