Purpose – Prior literature suggests that managers have an incentive to increase stock prices prior to stock-based acquisitions. This article aims to examine if there is any relationship between product market advertising and method of payments in mergers. Design/methodology/approach – To...

We analyze the relation between the delta and vega of a CEO's compensation and the propensity of the firm to engage in a split. Controlling for other well-known factors, we find that CEOs with compensation that has higher levels of delta are more likely to split their shares. Furthermore, the...

Purpose: The purpose of this paper is to investigate the role of auditors in financial statement readability. Using a simple proxy for financial statement obfuscation (number of footnotes), the authors examine the relationship between auditor quality, financial statement readability and...