Tournament induced incentives and analysts' boldness.
I argue that financial analysts can be viewed as participants of two tournaments (the “All-star” tournament and the intrafirm tournament) and examine whether analysts are incentivized by the tournament compensation structure. Using data from 1991 to 2007, I find that interim losers are more likely t...
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| Format: | Theses and Dissertations |
| Language: | English |
| Published: |
2012
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| Online Access: | http://hdl.handle.net/10356/48071 |
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| Institution: | Nanyang Technological University |
| Language: | English |