Kontakt
Wie einkaufen
Versand
Kaufberater
Analyst Forecasts, Earnings Management, and Insider Trading Patterns - Incidence and Performance Consequences
Englisch
147 b
Bis zu 30 Tage Rückgaberecht
Kunden kauften auch
/
Broschur
18.95
€
/
Hardcover
29.09
€
/
Broschur
16.19
€
/
Broschur
23.09
€
For at least two decades, it was believed that making managers into owners could ameliorate many agency conflicts existing in capital markets settings. In fact, it now appears that managerial ownership of stock itself may encourage earnings manipulations. In this study, we show that CEO insider trading, earnings manipulations, and the ability to meet and exceed market benchmarks are all interrelated. Managers manipulate earnings to exceed analyst earnings forecasts. Additionally, managerial insider selling increases with performance relative to analyst forecasts, and is magnified by stock option holdings. Insider selling is more intense among managers who have used earnings manipulations to exceed forecasts. Additionally, managers who sell following the announcement of an earnings surprise are able to earn abnormal profits. Firms having both positive earnings surprises and insider selling exhibit lower subsequent accounting performance. This study is of interest to academics, practitioners who are interested in the finer mechanisms of markets, and advanced finance students, alike.
Informationen zum Buch
Englisch
Verschenken Sie dieses Buch noch heute
Es ist ganz einfach
1 Legen Sie das Buch in Ihren Warenkorb und wählen Sie den Versand als Geschenk 2 Wir schicken Ihnen umgehend einen Gutschein 3 Das Buch wird an die Adresse des beschenkten Empfängers geliefertDas könnte Sie auch interessieren
/
Broschur
12.59
€
/
Broschur
9.19
€
/
Broschur
9.99
€
/
Broschur
13.89
€
/
Broschur
20.29
€
Hallo! Ich bin Libroamiko, dein Buchberater.
Wie kann ich dir helfen?