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In tests of the relative performance evaluation (RPE) hypothesis, researchers rarely, if ever, aggregate peer performance in the same way as a firm’s board of directors. Framed as a standard errors-in-variables problem, a commonly-held view is that such aggregation errors induce an attenuation...
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industry. The authors offer an overview of and practical insights into the links between financial steering and accounting, and … discusses accounting topics such as impairments, new IFRS standards and the impact of accounting on key performance indicators … of financial steering, which are associated with these investment decision valuations. The combination of accounting with …
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