search query: @author Park, C. / total: 9
reference: 8 / 9
| Author: | Abrahamson, E. Park, C. |
| Title: | Concealment of negative organizational outcomes: an agency theory perspective |
| Journal: | Academy of Management Journal
1994 : OCT, VOL. 37:5, p. 1302-1334 |
| Index terms: | ORGANIZATIONS AGENCY THEORY SHAREHOLDERS |
| Language: | eng |
| Abstract: | To explore if, when and how intentionally corporate officers conceal negative organizational outcomes from shareholders, the authors used computer-assisted content analysis of over 1,000 president's letters contained in annual reports to shareholders. Results suggest that outside directors, large institutional investors, and accountants limit such concealment, but small institutional investors and outside directors who are shareholders prompt it. Low disclosure is associated with subsequent selling of stock by top officers and outside directors. |
SCIMA