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In this dissertation I investigate whether managers alter the linguistic tone of their earnings announcements to … increase the value of their stock options. Empirical research finds evidence that managers use optimistic tone to signal future … announcements and short-window abnormal returns. The market reaction to optimistic tone suggests that managers can profit from using …
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We explore how an organization's financial misconduct may affect pay for former employees not implicated in wrongdoing. Drawing on stigma theory we hypothesize that although such alumni did not participate in the financial misconduct and they had left the organization years before the...
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