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
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