The role of convex equity incentives in managers’ forecasting decisions

Prior literature suggests that voluntary disclosures of forward-looking information tend to lead to capital market benefits, but these disclosures may also result in negative capital market consequences if subsequent performance falls below expectations. We, therefore, hypothesize that convex equity...

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Bibliographic Details
Main Authors: CHO, Young Jun, TSUI, David, YANG, Holly I.
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2021
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Online Access:https://ink.library.smu.edu.sg/soa_research/1938
https://ink.library.smu.edu.sg/context/soa_research/article/2965/viewcontent/CTY_03_29_21.pdf
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Institution: Singapore Management University
Language: English