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CEO Extraversion and the Cost of Equity Capital

Adebambo, Biljana - 2020

We examine whether CEO extraversion, an important personality trait associated with leadership, affects firms' expected cost of equity capital. We measure CEO extraversion using CEOs' speech patterns during the unscripted portion of conference calls. After controlling for several CEO and firm...

Persistent link: https://www.econbiz.de/10012849652

A new measure of managers' intentional income smoothing

Black, Dirk; Pierce, Spencer; Thomas, Wayne B. - 2017

The purpose of our study is to further understand managerial incentives that affect the volatility of reported fiscal … using four consecutive quarters other than the reported fiscal year. We then compare earnings volatility of pseudo years to … the earnings volatility of the firm's own reported fiscal year. To the extent managers use accruals to reduce annual …

Persistent link: https://www.econbiz.de/10011756894

Executive Compensation, Corporate Governance and Earnings Management in an Emerging Market

Sheikh, Muhammad Fayyaz - 2017

We examine how compensation of chief executive officer (CEO) and corporate governance practices affect earnings management behavior in an emerging economy, Pakistan. Using 1836 firm-year observations from 260 firms listed in KSE for period 2005 to 2012, we do not find that CEO compensation has...

Persistent link: https://www.econbiz.de/10012967539

Investing in managerial honesty

Gibson, Rajna; Sohn, Matthias; Tanner, Carmen; Wagner, … - 2017

This paper studies how investors infer CEO commitment to honesty from earnings management and how these perceptions – in conjunction with investors’ own social and moral preferences – shape their investment choices. We conduct two laboratory experiments simulating investment choices. Our...

Persistent link: https://www.econbiz.de/10011626498

Earnings management and managerial honesty: the investors' perspectives

Gibson, Rajna; Sohn, Matthias; Tanner, Carmen; Wagner, … - 2020

Extant research shows that CEO characteristics affect earnings management. This paper studies how investors infer a specific characteristic of CEOs, namely moral commitment to honesty, from earnings management and how this perception - in conjunction with their own social and moral preferences -...

Persistent link: https://www.econbiz.de/10012668206

Earning Management, Corporate Governance and CEOs Optimism : Evidence from NYSE Panel Data

Baccar, Amel; Ben Mohamed, Ezzeddine; Bouri, Abdelfatteh - 2013

The aim of this paper is to explain relationship between earning management, corporate governance and managerial optimism through the governance characteristics that are board of directors such as independence, duality and size and ownership structure such as managerial participation, block...

Persistent link: https://www.econbiz.de/10014153449

Directors’ and Officers’ Liability Insurance and Earnings Conservatism

Liao, Hsiu-Mei - 2016

Using C-Score, which is a firm-year measure of earnings conservatism developed by Khan and Watts (2009), this study examines the effect of directors' and officers' liability (D&O) insurance on earnings conservatism, and explores whether the increased litigation risk caused by firm's...

Persistent link: https://www.econbiz.de/10012982610

Executive Compensation, Earnings Management and Over Investment in Malaysia

Chu, Ei Yet - 2012

Using 196 Malaysian public listed firms, the study investigates the inter-relationship between executive compensation, earnings management and over investment. Although there is no evidence that executive directors enhance their compensation packages through earnings management, there is a...

Persistent link: https://www.econbiz.de/10013107006

Female directors and real activities manipulation : evidence from China

Luo, Jin-hui; Xiang, Yuangao; Huang, Zeyue - In: China journal of accounting research : CJAR 10 (2017) 2, pp. 141-166

Unlike previous studies that focus on accrual-based earnings management, this study analyzes real activities manipulation and investigates whether female directors on boards of directors (BoDs) affect managers’ real activities manipulation. Using a large sample of 11,831 firm-year observations...

Persistent link: https://www.econbiz.de/10011844989

CEO Inside Debt and Accounting Conservatism

Wang, Cong - 2020

We examine the relation between accounting conservatism and inside debt held by managers in the form of pension benefits and deferred compensation. We find that financial reporting is less conservative in firms whose CEOs hold more inside debt, particularly in firms with high default risk and...

Persistent link: https://www.econbiz.de/10012857506