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Overvaluation And Stock Price Crashes: The Effects Of Earnings Management, Qunfeng Liao
Overvaluation And Stock Price Crashes: The Effects Of Earnings Management, Qunfeng Liao
Accounting Dissertations
Prior literature has shown that managers have incentives to opportunistically and selectively withhold bad news from investors because of career concerns, compensation contracts, litigation risks, earnings targets, and empire building. In their 2006 paper, Jin and Myers develop the “Bad News Hoarding” theory which suggests that when managers conceal bad news for extended periods of time, negative information is likely to get stockpiled within the firm. When managers’ incentives for hiding bad news collapse or when the accumulation of bad news reaches a critical threshold level, all of the hitherto undisclosed negative firm-specific shocks become public at once, resulting in …
An Exploration Of The Associations Among Corporate Sustainability Performance, Corporate Governance, And Corporate Financial Performance, Wenxiang Lu
Accounting Dissertations
This study examines the relationship between corporate governance and corporate sustainability performance (CSP), the relationship between corporate sustainability performance and corporate financial performance (CFP), and whether corporate governance moderates the CSP-CFP relationship. Corporate governance plays an important role in monitoring and counselling management's decision making including strategic sustainability investing. The study analyzes a sample of over 400 of the largest U.S. companies to examine corporate sustainability performance and corporate governance jointly. Four attributes of boards of directors are examined: board size, board independence, CEO duality, and female directors. The results show that all four board attributes are positively associated with …
The Role Of Individual Attributes In Earnings Management Intention Decisions, Janet R. Jones
The Role Of Individual Attributes In Earnings Management Intention Decisions, Janet R. Jones
Accounting Dissertations
Much research has been conducted, at the firm level, to investigate the market effect of earnings management. However, there is a gap in the literature on individual attributes that may help to explain earnings management decisions. Of the research at individual level research that is available the focus is primarily on the motives of the Chief Executive Officer or top executive teams and not the Chief Financial Officer (CFO). The limited research focusing on the CFO has produced conflicting results with regard to the motivations and decisions of the CFO to engage in earnings management, this conflict in findings stems …