There are several measures of equity compensation that may provide shareholders with distinct and useful information for evaluating CEO pay. We examine whether shareholders consider additional disclosures of equity compensation measures beyond the grant date fair value when participating in...

We investigate how firm cost structure influences the information environment by studying the relation between the degree of operating leverage, earnings properties, and the usefulness of earnings to shareholders. Because the degree of operating leverage increases the impact of the incremental...

Economic theory predicts that insiders reveal private information when they trade equity in their firm. However, insider purchases to meet equity holding requirements or sales to satisfy liquidity needs do not reveal private information. We predict that contract terms stipulating CEO equity...

Research suggests that where preparers have discretion in reporting, they will report in a self-serving way, both in mandated and voluntary disclosures. This study investigates the self-serving behaviour of preparers of annual reports by examining the voluntary disclosure of share performance...

This paper investigates causal relationships between planning and performance utilizing a longitudinal database with responses from the same 2,956 businesses over a four-year period. Results confirm the association between planning activity and performance that is evident in most extant...