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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Main Authors: | CHO, Young Jun, TSUI, David, YANG, Holly I. |
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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 |
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