CEO Political Ideology and Management Earnings Forecast
نویسندگان
چکیده
منابع مشابه
Board Committees , CEO Compensation , and Earnings Management ∗
We analyze the effect of committee formation on how corporate boards perform two main functions: setting CEO pay and overseeing the financial reporting process. The use of performance-based pay schemes induces the CEO to manipulate earnings, which leads to an increased need for board oversight. If the whole board is responsible for both functions, it is inclined to provide the CEO with a compen...
متن کاملProviding A Model for Management Earnings Forecast Bias
Despite The Important Role That Management Profit Forecasting Plays In The Decision Making Of Capital Market Actors, These Predictions Appear To Be Biased. In The Attempt To Measure The Bias Of Predicting Profit Management, Numerous One- Dimensional Measurement Tools Have Been Proposed In The Accounting And Finance Literature. Despite These Efforts, No Comprehensive Composite Index Has Been Dev...
متن کاملManagement Earnings Forecasts and Value of Analyst Forecast Revisions
Prior studies evaluate the relative importance of the sources of value that financial analysts bring to the market based on the price impact of forecast revisions over the event time. We find that management earnings forecasts influence the timing and precision of analyst forecasts. More importantly, evidence suggests that prior studies’ finding of weaker (stronger) stock-price responses to for...
متن کاملThe Association between Management Earnings Forecast Errors and Accruals
We investigate the association between errors in management forecasts of subsequent year earnings and current year accruals. In an uncertain operating environment, managers’ assessments of their firms’ business prospects are imperfect. Since managers’ imperfect business assessments influence both accruals generation and earnings projection, we hypothesize that management earnings forecasts exhi...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2020
ISSN: 1556-5068
DOI: 10.2139/ssrn.3637608