Dissecting Idiosyncratic Earnings Risk
In: CEPR Discussion Paper No. DP15395
262373 Ergebnisse
Sortierung:
In: CEPR Discussion Paper No. DP15395
SSRN
Working paper
In: FRB St. Louis Working Paper No. 2022-24
SSRN
SSRN
Working paper
In: CESifo Working Paper No. 11135
SSRN
SSRN
In: FEDS Working Paper No. 2014-32
SSRN
Working paper
SSRN
In: Review of Asset Pricing Studies, 2016, Volume 6, Issue 2, 303-328
SSRN
In: Journal of Monetary Economics, Band 83, S. 27-38
In: Journal of property research, Band 26, Heft 4, S. 349-366
ISSN: 1466-4453
SSRN
Working paper
In: Review of Pacific Basin Financial Markets and Policies, Band 18, Heft 2, S. 1550011
ISSN: 1793-6705
The value of stock options increases in both stock prices and volatility. It suggests that options might engender incentives for managers to increase both stock prices and volatility. Recent studies have documented a negative association between earnings quality and idiosyncratic volatility: Hence, the lower the earnings quality, the greater the idiosyncratic volatility, and the higher the value of stock options. This study investigates whether there is a link between CEO equity compensation and earnings quality. Using a simultaneous system of equations, we find negative correlations between the two, suggesting that managers have incentives to reduce earnings quality.
SSRN
SSRN
Working paper
In: Darden Case No. UVA-F-1973
SSRN