政大機構典藏-National Chengchi University Institutional Repository(NCCUR):Item 140.119/148025

English | 正體中文 | 简体中文 | Post-Print筆數 : 27 | Items with full text/Total items : 109952/140887 (78%)
Visitors : 46372122 Online Users : 676

RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.

Home ‧ Login ‧ Upload ‧ Help ‧ About ‧ Administer

政大機構典藏 > 商學院 > 財務管理學系 > 會議論文 > Item 140.119/148025

Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/148025

Title:	Does Litigation Risk Change CEOs’ Tournament Incentives to Withhold Bad News?
Authors:	陳嬿如;傅浚映 Chen, Yenn-Ru;Fu, Jyun-Ying;Weng, Chia-Hsiang
Contributors:	財管系;企管系
Date:	2023-08
Issue Date:	2023-10-24 09:30:15 (UTC+8)
Abstract:	We examine the relationship between CEO tournament incentives and crash risk. We argue that litigation risk is an unneglectable factor in this relationship as it mitigates CEO myopia regarding bad news hoarding. Using federal judge ideology to measure the exogenous litigation risk, we find that when litigation risk is high, CEO tournament incentives are negatively associated with crash risk. This result suggests that the benefit of hiding bad news to enhance short-term performance diminishes with litigation risk. Additionally, this result is more pronounced when CEOs have more opportunities to compete for other positions with higher pay in the industry. Finally, we show that CEO tournament incentives are associated with less delay of bad news disclosures, earnings management, and forecast optimism when litigation risk is high. Our study contributes to the literature by providing one possible solution to the previous puzzling findings regarding CEO tournament incentives and crash risk.
Relation:	2023 American Accounting Association Annual Meeting, American Accounting Association
Data Type:	conference
Appears in Collections:	[財務管理學系] 會議論文 [企業管理學系] 會議論文

Files in This Item:

File	Description	Size	Format
index.html		0Kb	HTML2	36	View/Open
index.html		0Kb	HTML2	61	View/Open

社群 sharing

著作權政策宣告 Copyright Announcement

1.本網站之數位內容為國立政治大學所收錄之機構典藏，無償提供學術研究與公眾教育等公益性使用，惟仍請適度，合理使用本網站之內容，以尊重著作權人之權益。商業上之利用，則請先取得著作權人之授權。
The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

2.本網站之製作，已盡力防止侵害著作權人之權益，如仍發現本網站之數位內容有侵害著作權人權益情事者，請權利人通知本網站維護人員(nccur@nccu.edu.tw)，維護人員將立即採取移除該數位著作等補救措施。
NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.

Loading...