haku: @author Ferris, S. / yhteensä: 2
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| Tekijä: | Ferris, S. |
| Otsikko: | An agency analysis of the effect of long-term performance plans on managerial decision making |
| Lehti: | Quarterly Review of Economics and Finance
1998 : SPRING, VOL. 38:1, p. 73-92 |
| Asiasana: | MARKETING FINANCE DECISION MAKING |
| Kieli: | eng |
| Tiivistelmä: | Existing literature documents a positive stock market reaction to the announcement of long-term performance plans as well as subsequently higher growth rates in earnings per share and return on equity (ROE). These findings are consistent with the notion that such performance plans provide an incentive to managers to reduce the magnitude of agency conflict present within the modern corporation. Using a paired sample design, this paper addresses the specific sources of superior post-adoption ROE performance. |
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