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Costs and benefits of managing earnings to meet an earnings target
I examine both the incentives and the disincentives associated with managing earnings to meet a specific earnings target by looking at two related questions: What are the benefits that firms seek by managing earnings to meet an earnings target? What are the costs of managing earnings to meet an earnings target? I use a signaling ...
Measuring stock returns in the presence of transaction uncertainty
The asset pricing literature models uncertainty in assets' payoffs, but typically assumes that any quantity of an asset can be traded at observed prices. For an investor observing a price quote, there is uncertainty about the effective transaction price for an order of a given size. This transaction uncertainty encompasses ...
Self-esteem and social influences on retaliation behavior
Two studies were conducted to examine the role of a person's self-esteem and group influences in their reactions to a perceived injustice. Study 1, conducted with a sample of undergraduate business students, indicates that individuals with high self-esteem and stable self-esteem are most likely to respond negatively to a ...
Choice avoidance in managerial accounting decisions
Managers often delay making decisions when decision tools indicate a preferred alternative. This avoidance behavior is costly. I posit this tendency to delay arises from the conflict inherent in choice and the manager's resulting negative affect. In this study I examine two dimensions of choice difficulty which cause conflict ...