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

页码：1256 / 1259

页数：4

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