Journal article
Managerial Reputation and the Informativeness of Accounting and Market Measures of Performance
Contemporary accounting research, Vol.10(1), pp.305-332
1993
DOI: 10.1111/j.1911-3846.1993.tb00394.x
Abstract
This study examines the influence of accounting and capital market measures of firm performance on the reputations of corporate chief executives (CEOs). The empirical tests rely on pooled time-series cross-sectional data for approximately 900 top executives in about 500 firms drawn from 36 industries over the 1975–1987 period. CEO reputation measures are derived from securities analysts' annual evaluations of executive performance as reported by Financial World magazine. The study's results document a positive incremental association between profit performance and reputation, a finding consistent with the notion that accounting earnings convey information about CEO productivity beyond that present in stock returns. However, the sensitivity of CEO reputation to stock returns and earnings performance is modest, and the earnings-reputation relation varies considerably across industry groups.
Details
- Title: Subtitle
- Managerial Reputation and the Informativeness of Accounting and Market Measures of Performance
- Creators
- W. BRUCE Johnson - University of IowaS Mark Young - Southern California University for Professional StudiesMichael Welker - University of Saskatchewan
- Resource Type
- Journal article
- Publication Details
- Contemporary accounting research, Vol.10(1), pp.305-332
- DOI
- 10.1111/j.1911-3846.1993.tb00394.x
- ISSN
- 0823-9150
- eISSN
- 1911-3846
- Publisher
- Blackwell Publishing Ltd
- Number of pages
- 28
- Language
- English
- Date published
- 1993
- Academic Unit
- Accounting
- Record Identifier
- 9984963043402771
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