Managerial Reputation and Corporate Investment Decisions
AbstractThis review examines the incentives of managers to use investment choices as a tool for building their personal reputations or the reputation of their firms. These incentives come in three main forms: visibility bias, which encourages a manager to try to make short-term indicators of success look better; resolution reference which encourages a manager to try to advance the arrival of good news and delay bad news; and mimicry and avoidence, which encourages a manager to take the actions that the best managers are seen to do, and to avoid the actions the worst managers are seen to do.
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoArticle provided by Financial Management Association in its journal Financial Management.
Volume (Year): 22 (1993)
Issue (Month): 2 (Summer)
Contact details of provider:
Postal: University of South Florida 4202 E. Fowler Ave. COBA #3331 Tampa, FL 33620
Web page: http://www.fma.org/
More information through EDIRC
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Loss, Frédéric & Renucci, Antoine, . "Reputation Capital, Financial Capital, and Transition to Entrepreneurship," Open Access publications from UniversitÃ© Paris-Dauphine urn:hdl:123456789/2945, Université Paris-Dauphine.
- Basma Sellami Mezghanni, 2009. "Investissement En R&D Et Performance De L'Entreprise : L'Effet Moderateur De La Gouvernance D'Entreprise," Post-Print halshs-00459415, HAL.
- Elena Panova, 2009. "Confirmatory News," Cahiers de recherche 0912, CIRPEE.
- Gérard Charreaux, 2000. "L'approche économico-financière de l'investissement: une vision critique," Working Papers FARGO 1000501, Université de Bourgogne - Leg (laboratoire d'économie et de gestion)/Fargo (Research center in Finance,organizational ARchitecture and GOvernance).
- Peter Wright & Mark Kroll & Ananda Mukherji & Michael Pettus, 2009. "Do the contingencies of external monitoring, ownership incentives, or free cash flow explain opposing firm performance expectations?," Journal of Management and Governance, Springer, vol. 13(3), pages 215-243, August.
- Loss, Frédéric & Renucci, Antoine, .
"Professional Reputation, Cash, and Transition to Entrepreneurial Activity,"
Open Access publications from UniversitÃ© Paris-Dauphine
urn:hdl:123456789/2710, Université Paris-Dauphine.
- Loss, Frédéric & Renucci, Antoine, . "Professional Reputation, Cash, and Transition to Entrepreneurial Activity," Open Access publications from UniversitÃ© Paris-Dauphine urn:hdl:123456789/2363, Université Paris-Dauphine.
- Simon Grant & Stephen King & Ben Polak, 1995.
"Information Externalities, Share-Price Based Incentives and Managerial Behaviour,"
Cowles Foundation Discussion Papers
1107, Cowles Foundation for Research in Economics, Yale University.
- Grant, Simon & King, Stephen & Polak, Ben, 1996. " Information Externalities, Share-Price Based Incentives and Managerial Behaviour," Journal of Economic Surveys, Wiley Blackwell, vol. 10(1), pages 1-21, March.
- Gérard Charreaux, 1996. "Pour une véritable théorie de la latitude managériale et du gouvernement des entreprises," Working Papers FARGO 0960601, Université de Bourgogne - Leg (laboratoire d'économie et de gestion)/Fargo (Research center in Finance,organizational ARchitecture and GOvernance).
- Basma Sellami Mezghanni, 2010. "How Ceo Attributes Affect Firm R&D Spending? New Evidence From A Panel Of French Firms," Post-Print hal-00479532, HAL.
- Bing Han & David Hirshleifer & John C. Persons, 2009.
"Promotion Tournaments and Capital Rationing,"
Review of Financial Studies,
Society for Financial Studies, vol. 22(1), pages 219-255, January.
- Han, Bing & Hirshleifer, David & Persons, John, 2007. "Promotion Tournaments and Capital Rationing," MPRA Paper 6496, University Library of Munich, Germany.
- Han, Bing & Hirshleifer, David & Persons, John, 2005. "Promotion Tournaments and Capital Rationing," Working Paper Series 2005-20, Ohio State University, Charles A. Dice Center for Research in Financial Economics.
- Ammon, Norbert, 1998. "Why Hedge? - A Critical Review of Theory and Empirical Evidence -," ZEW Discussion Papers 98-18, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
- Sellami Basma, 2008. "Gouvernement D'Entreprise Et Investissement En R&D : Une Etude Sur Le Sbf 250," Post-Print halshs-00525983, HAL.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Courtney Connors) The email address of this maintainer does not seem to be valid anymore. Please ask Courtney Connors to update the entry or send us the correct address.
If references are entirely missing, you can add them using this form.