Unexpected Earnings, Abnormal Accruals, and Changes in CEO Bonuses

Prior research has found that the market premium for positive unexpected earnings is greater than the penalty for negative unexpected earnings and that the earnings response coefficients for positive (negatie) unexpected earnings are lower (higher) if abnormal accruals are income-increasing. In this...

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Bibliographic Details
Main Authors: CHEN, Chih-Ying, Liang, Jia-Wen, Lin, Stephen W. J.
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2007
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Online Access:https://ink.library.smu.edu.sg/soa_research/283
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Institution: Singapore Management University
Language: English