This paper examines the relation between the dispersion in pay-performance sensitivities (PPS) among top management team (TMT) members and earnings quality. Prior research suggests that the PPS from executives’ equity compensation induce earnings manipulation incentives. Most of this research,...

This paper examines the real effects of weather on firm performance, using temperature as our proxy for weather. The relation between temperature and performance depends on season, industry, geographic location, and is often firm-specific. Therefore, to test this relation we adapt a measure of...