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Full-Text Articles in Business
Executive Compensation Incentives Impact On The Tone And Readability Of Financial Reports, Xiaoyan Mi
Executive Compensation Incentives Impact On The Tone And Readability Of Financial Reports, Xiaoyan Mi
All Graduate Plan B and other Reports, Spring 1920 to Spring 2023
Financial disclosures do not only influence the future reaction of customers, they also imply the financial strategies of the managers of corporations. Through analysis, we find a strong causal relationship between tone and readability of financial disclosures and incentive methods of managers. Controlling executives’ pay-performance sensitivity (delta) and other variables, executives with higher sensitivity of executives’ wealth to stock volatility (vega) (Coles, Daniel, Naveen, 2004) tend to announce reports with more negative tone and low readability.
Mass Shootings And The Performance Of Tourism Stocks, Marshall Deem
Mass Shootings And The Performance Of Tourism Stocks, Marshall Deem
All Graduate Plan B and other Reports, Spring 1920 to Spring 2023
This study investigates the effects of mass shooting events on the performance of the tourism industry within the United States. The results of the study show that outside of the market-wide returns, the performance of tourism stocks is negatively impacted after a large-scale mass shooting event. Furthermore, when separating extreme outliers in the data such as the Las Vegas Mandalay Bay shooting, the results of the study find that tourism stocks surrounding other large-scale mass shootings are significantly negative. Overall, the results of the study demonstrate a negative response in the tourism industry to large-scale mass shootings.