CEO and CFO risk-taking incentives and earnings guidance

被引：1
|
作者：
Jiang, Tianqi [1 ]
Wang, Zhao [2 ]
Goto, Shingo [1 ]
Zhang, Fan [3 ]
机构：
[1] Univ Rhode Isl, Coll Business, Kingston, RI 02881 USA
[2] Capital Univ Econ & Business, Int Sch Econ & Management, 121 Zhangjialukou, Beijing 100070, Peoples R China
[3] Arizona State Univ, Dept Finance, WP Carey Sch Business, Tempe, AZ USA
来源：
APPLIED ECONOMICS LETTERS | 2020年 / 27卷 / 15期
关键词：
CEO; CFO; risk-taking incentives; corporate disclosure; earnings guidance;
D O I：
10.1080/13504851.2019.1676865
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Extending recent studies on chief executive officers (CEOs) and chief financial officers (CFOs), we investigate the impact of CEO and CFO risk-taking incentives on earnings guidance. We find that firms with high CEO risk-taking incentives are more likely to issue earnings guidance and issue more guidance. We also find that firms with high CFO risk-taking incentives are associated with less precise guidance, narrower forecast range, and earlier forecasts.
引用
收藏
页码：1256 / 1259
页数：4
相关论文
共 50 条
  • [1] Bank monitoring and CEO risk-taking incentives
    Saunders, Anthony
    Song, Keke
    [J]. JOURNAL OF BANKING & FINANCE, 2018, 88 : 225 - 240
  • [2] Credit Ratings and CEO Risk-Taking Incentives
    Kuang, Yu Flora
    Qin, Bo
    [J]. CONTEMPORARY ACCOUNTING RESEARCH, 2013, 30 (04) : 1524 - 1559
  • [3] Risk-Taking Incentives and Earnings Management: New Evidence*
    Mayberry, Michael
    Park, Hyun Jong
    Xu, Tian
    [J]. CONTEMPORARY ACCOUNTING RESEARCH, 2021, 38 (04) : 2723 - 2757
  • [4] Management earnings forecasts, managerial incentives, and risk-taking
    Albring, Susan M.
    Xu, Xiaolu
    [J]. ADVANCES IN ACCOUNTING, 2018, 42 : 48 - 69
  • [5] CEO risk-taking incentives and relative performance evaluation
    Black, Dirk E.
    [J]. ACCOUNTING AND FINANCE, 2020, 60 : 771 - 804
  • [6] CEO risk-taking incentives and corporate social responsibility
    Dunbar, Craig
    Li, Zhichuan
    Shi, Yaqi
    [J]. JOURNAL OF CORPORATE FINANCE, 2020, 64
  • [7] CEO risk-taking incentives and socially irresponsible activities
    Bouslah, Kais
    Linares-Zegarra, Jose
    M'Zali, Bouchra
    Scholtens, Bert
    [J]. BRITISH ACCOUNTING REVIEW, 2018, 50 (01): : 76 - 92
  • [8] CEO Risk-Taking Incentives and the Cost of Equity Capital
    Chen, Yangyang
    Truong, Cameron
    Veeraraghavan, Madhu
    [J]. JOURNAL OF BUSINESS FINANCE & ACCOUNTING, 2015, 42 (7-8) : 915 - 946
  • [9] The inevitable disclosure doctrine and CEO risk-taking incentives
    Yang, Jingyu
    Zhang, John Z.
    [J]. ASIA-PACIFIC JOURNAL OF ACCOUNTING & ECONOMICS, 2023, 30 (01) : 120 - 138
  • [10] ESG disclosure, CEO power and incentives and corporate risk-taking
    Ali, Faek Menla
    Wu, Yuanyuan
    Zhang, Xiaoxiang
    [J]. EUROPEAN FINANCIAL MANAGEMENT, 2024, 30 (02) : 961 - 1011
12345