, we find that the executive cash compensation is positively related to management forecast error (MFE) for a sample of …

. We find CEOs frequently achieve analyst forecasts, but rarely achieve bonus goals exceeding the forecast. Despite lower …

Prior studies generally relate managers' decisions to smooth earnings to their desire to maximize their overall …

We provide empirical evidence that managers smooth earnings using discretionary R&D spending (i.e., real smoothing …

conservatism to be a desirable feature that helps to alleviate agency conflicts between shareholders and managers, others suggest …

earnings. When stock-based compensation motivates managers to share their private information with shareholders, it will … expedite the pricing of future earnings in current stock prices. In contrast, when equity-compensated managers attempt to … management forecast frequency. Overall, our study suggests that on average, equity-based compensation improves the …