Moral hazard, firms’ internal governance and management earnings forecasts
This paper investigates the role of management earnings forecasts in mitigating information asymmetry between investors andmanagers relating to moral hazard, and explains how earnings guidance facilitates monitoring. I demonstrate that firms that are more susceptible to moral hazard problems and mor...
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2010
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| Online Access: | https://ink.library.smu.edu.sg/soa_research/796 https://ink.library.smu.edu.sg/context/soa_research/article/1795/viewcontent/SSRN_id1650289.pdf |
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| Institution: | Singapore Management University |
| Language: | English |