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首页> 外文期刊>The North American journal of economics and finance >Do aircraft perquisites cause CEOs to withhold bad news?
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Do aircraft perquisites cause CEOs to withhold bad news?

机译:飞机过硬会导致CEO隐瞒坏消息吗?

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This paper explores the relation between management forecasts and expensive perquisites. We investigate Yermack's (2006) conjecture that managers withhold bad news in order to receive expensive perquisites. We provide direct evidence supporting Yermack's (2006) conjecture. The frequency and magnitude of bad news release is greater than that of good news after the chief executive officer (CEO) first discloses aircraft perks. In addition, managers with greater numbers of disclosed perks are more inclined to withhold bad news. Additional subsample analyses provide further support for managerial bad news withholding behavior. (C) 2015 Elsevier Inc. All rights reserved.
机译:本文探讨了管理预测与昂贵资产之间的关系。我们调查了叶尔马克(Yermack,2006)的推测,即经理为了获得昂贵的收益而隐瞒坏消息。我们提供直接的证据支持Yermack(2006)的猜想。在首席执行官(CEO)首次披露飞机津贴后,坏消息的发布频率和严重程度要大于好消息。此外,具有更多已公开特权的管理者更倾向于隐瞒坏消息。附加的子样本分析为管理坏消息预扣行为提供了进一步的支持。 (C)2015 Elsevier Inc.保留所有权利。

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