Do external labour market incentives constrain bad news hoarding? The CEO's industry tournament and crash risk reduction
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DOI: 10.1016/j.jcorpfin.2020.101774
Abstract: Abstract 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… read more here.
Keywords: crash risk; industry tournament; crash; bad news ... See more keywords