Curtin University Homepage
  • Library
  • Help
    • Admin

    espace - Curtin’s institutional repository

    JavaScript is disabled for your browser. Some features of this site may not work without it.
    View Item 
    • espace Home
    • espace
    • Curtin Research Publications
    • View Item
    • espace Home
    • espace
    • Curtin Research Publications
    • View Item

    Do external labour market incentives constrain bad news hoarding? The CEO's industry tournament and crash risk reduction

    Access Status
    In process
    Authors
    Chowdhury, H.
    Hodgson, A.
    Pathan, Md Shams Tabrize
    Date
    2020
    Type
    Journal Article
    
    Metadata
    Show full item record
    Citation
    Chowdhury, H. and Hodgson, A. and Pathan, S. 2020. Do external labour market incentives constrain bad news hoarding? The CEO's industry tournament and crash risk reduction. Journal of Corporate Finance. 65.
    Source Title
    Journal of Corporate Finance
    DOI
    10.1016/j.jcorpfin.2020.101774
    ISSN
    0929-1199
    Faculty
    Faculty of Business and Law
    School
    School of Economics, Finance and Property
    URI
    http://hdl.handle.net/20.500.11937/81960
    Collection
    • Curtin Research Publications
    Abstract

    © 2020 Elsevier B.V.

    We find that a CEO's industry tournament incentives (CITI) induce a CEO to undertake strategies that reduce the propensity of a firm to incur future stock price crash risk. CITI also has a mitigating effect on accounting techniques (such as, accrual manipulation, real earnings management, and financial restatement) used as channels for obfuscation and, therefore, is associated with a lower tendency to withhold bad news. CITI is more effective in reducing crash risk propensity when there is lower information quality and weaker external monitoring. Results are robust to firm governance controls, gender monitoring, and the specific personal attributes of CEOs. In short, CITI imposes on CEOs an incentive to brand themselves according to sustained visibility concepts.

    Related items

    Showing items related by title, author, creator and subject.

    • Heuristic algorithms for routing problems.
      Chong, Yen N. (2001)
      General routing problems deal with transporting some commodities and/or travelling along the axes of a given network in some optimal manner. In the modern world such problems arise in several contexts such as distribution ...
    • Residential revitalisation of inner city areas: a case study of Northbridge
      Davidson, Dean A. (1995)
      The catalyst for this research has been the growing national interest in inner city living. Specifically this has come from local and state government, the housing and land development industry, and the general public ...
    • The diversity of megacities worldwide: Challenges for the future of mobility
      Priester, R.; Kenworthy, Jeffery; Wulfhorst, G. (2013)
      Megacities around the globe present bewildering combinations of transport patterns, transport infrastructure and other factors related to personal mobility. From the sprawling auto-dependent regions such as Los Angeles ...
    Advanced search

    Browse

    Communities & CollectionsIssue DateAuthorTitleSubjectDocument TypeThis CollectionIssue DateAuthorTitleSubjectDocument Type

    My Account

    Admin

    Statistics

    Most Popular ItemsStatistics by CountryMost Popular Authors

    Follow Curtin

    • 
    • 
    • 
    • 
    • 

    CRICOS Provider Code: 00301JABN: 99 143 842 569TEQSA: PRV12158

    Copyright | Disclaimer | Privacy statement | Accessibility

    Curtin University would like to pay our respect to the indigenous members of our community by acknowledging the traditional owners of the land on which the Perth Campus is located, the Wadjuk people of the Nyungar Nation; and on our Kalgoorlie Campus, the Wongutha people of the North-Eastern Goldfields.
    Watch our traditional Aboriginal welcome