Missing quarterly analyst expectations, CEO turnover and institutional investors
Research suggests that dedicated institutions, who have concentrated holdings and long-term investment horizon, make management focus less on short-term earnings benchmark. This study presents evidence in terms of CEO career concerns that explains why the management focuses less on short-term firm p...
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2008
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soa_research/144 http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1114303 |
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| Institution: | Singapore Management University |
| Language: | English |