Financing policy, executive stock options and cash flow forecasts

References

• Aboody , D. and Kasznik , R. 2000 . CEO stock option awards and the timing of corporate voluntary disclosures . Journal of Accounting and Economics , 29 : 73 – 100 .
   Web of Science ®Google Scholar
• Al-Akra , M. , Eddie , I. A. and Ali , M. J. 2010 . The association between privatisation and voluntary disclosure: evidence from Jordan . Accounting and Business Research , 40 : 55 – 74 .
   Web of Science ®Google Scholar
• Allgood , S. and Farrell , K. A. 2000 . The effect of CEO tenure on the relation between firm performance and turnover . Journal of Financial Research , 23 : 373 – 90 .
   Google Scholar
• Anderson , M. C. , Banker , R. D. and Ravindran , S. 2000 . Executive compensation in the information technology industry . Management Science , 46 : 530 – 47 .
   Web of Science ®Google Scholar
• Baginski , S. P. , Hassell , J. M. and Kimbrough , M. D. 2004 . Why do managers explain their earnings forecast? . Journal of Accounting Research , 42 : 1 – 29 .
   Web of Science ®Google Scholar
• Bailey , W. , Li , H. Mao , C. X. 2003 . Regulation fair disclosure and earnings information: market, analyst, and corporate responses . Journal of Finance , 58 : 2487 – 514 .
   Web of Science ®Google Scholar
• Balsam , S. 1998 . Discretionary accounting choices and CEO compensation . Contemporary Accounting Research , 15 : 223 – 52 .
   Google Scholar
• Bamber , L. S. and Cheon , Y. S. 1998 . Discretionary management earnings forecast disclosure: antecedents and outcomes associated with forecast venue and forecast specificity choices . Journal of Accounting Research , 36 : 167 – 90 .
   Web of Science ®Google Scholar
• Bartov , E. and Mohanram , P. 2004 . Private information, earnings manipulations, and executive stock-option exercises . The Accounting Review , 79 : 889 – 920 .
   Web of Science ®Google Scholar
• Bhat , G. , Hope , O.-K. and Kang , T. 2006 . Does corporate governance transparency affect the accuracy of analyst forecasts? . Accounting and Finance , 46 : 715 – 32 .
   Web of Science ®Google Scholar
• Botosan , C. A. 1997 . Disclosure level and cost of equity capital . The Accounting Review , 72 : 323 – 49 .
   Web of Science ®Google Scholar
• Bushman , R. M. and Smith , A. J. 2001 . Financial accounting information and corporate governance . Journal of Accounting and Economics , 32 : 237 – 333 .
   Web of Science ®Google Scholar
• Bushman , R. M. and Smith , A. J. 2003 . Transparency, financial accounting information, and corporate governance . Economic Policy Review , 9 : 65 – 87 .
   Google Scholar
• Chen , S. , DeFond , M. L. and Park , C. W. 2002 . Voluntary disclosure of balance sheet information in quarterly earnings announcements . Journal of Accounting and Economics , 33 : 229 – 51 .
   Web of Science ®Google Scholar
• Cheng , Q. and Warfield , T. D. 2005 . Equity incentives and earnings management . The Accounting Review , 80 : 441 – 76 .
   Web of Science ®Google Scholar
• Childs , P. D. , Mauer , D. C. and Ott , S. H. 2005 . Interactions of corporate financing and investment decisions: the effects of agency conflicts . Journal of Financial Economics , 76 : 667 – 90 .
   Web of Science ®Google Scholar
• Core , J. E. , Guay , W. R. and Larcker , D. F. 2003 . Executive equity compensation and incentives: a survey . Economics Policy Review , 9 : 24 – 7 .
   Google Scholar
• DeFond , M. L. and Hung , M. 2003 . An empirical analysis of analysts' cash flow forecasts . Journal of Accounting and Economics , 35 : 73 – 100 .
   Web of Science ®Google Scholar
• Demirguc-Kunt , A. and Maksimovic , V. 1998 . Law, finance, and firm growth . Journal of Finance , 53 : 2107 – 37 .
   Web of Science ®Google Scholar
• Finkelstein , S. and Hambrick , D. C. 1989 . Chief executive compensation: a study of the intersection of markets and political processes . Strategic Management Journal , 10 : 121 – 34 .
   Web of Science ®Google Scholar
• Healy , P. M. , Hutton , A. and Palepu , K. G. 1999 . Stock performance and intermediation changes surrounding sustained increases in disclosure . Contemporary Accounting Research , 16 : 485 – 520 .
   Google Scholar
• Heflin , F. , Subramanyam , K. R. and Zhang , Y. 2003 . Regulation FD and the financial information environment: early evidence . The Accounting Review , 78 : 1 – 37 .
   Web of Science ®Google Scholar
• Holland , J. 1998 . Private disclosure and financial reporting . Accounting and Business Research , 28 : 255 – 69 .
   Google Scholar
• Hope , O. K. 2003 . Accounting policy disclosures and analysts' forecasts . Contemporary Accounting Research , 20 : 295 – 321 .
   Web of Science ®Google Scholar
• Hutton , A. P. , Miller , G. S. and Skinner , D. J. 2003 . The role of supplementary statements with earnings management forecasts . Journal of Accounting Research , 41 : 867 – 90 .
   Web of Science ®Google Scholar
• Ittner , C. D. , Lambert , R. A. and Larcker , D. F. 2003 . The structure and performance consequences of equity grants to employees of new economy firms . Journal of Accounting and Economics , 34 : 89 – 127 .
   Web of Science ®Google Scholar
• Jackson , S. B. and Pitman , M. K. 2001 . Auditors and earnings management . CPA Journal , 71 : 39 – 44 .
   Google Scholar
• Jensen , M. C. , Murphy , K. J. and Wruck , E. G. 2004 . Remuneration: where we have been, how we got here, what are the problems, and how to fix them, WP HBS No. 4-28 , Boston , MA : HBS .
   Google Scholar
• Kasznik , R. and Lev , B. 1995 . To warn or not to warn: management disclosures in the face of an earnings surprise . The Accounting Review , 70 : 113 – 34 .
   Web of Science ®Google Scholar
• Khurana , I. , Pereira , R. and Martin , X. 2006 . Firm growth and disclosure: an empirical analysis . Journal of Financial and Quantitative Analysis , 41 : 357 – 80 .
   Web of Science ®Google Scholar
• King , R. , Pownall , G. and Waymire , G. 1990 . Expectations adjustment via timely management forecasts: review, synthesis and suggestions of future research . Journal of Accounting Literature , 9 : 113 – 44 .
   Google Scholar
• Lang , M. H. and Lundholm , R. J. 1993 . Cross-sectional determinants of analyst ratings of corporate disclosure . Journal of Accounting Research , 31 : 246 – 71 .
   Web of Science ®Google Scholar
• Lang , M. H. and Lundholm , R. J. 1996 . Corporate disclosure policy and analyst behavior . The Accounting Review , 71 : 467 – 92 .
   Web of Science ®Google Scholar
• Lang , M. H. and Lundholm , R. J. 2000 . Voluntary disclosure during equity offerings: reducing information asymmetry or hyping the stock? . Contemporary Accounting Research , 17 : 623 – 63 .
   Google Scholar
• Leuz , C. and Verrecchia , R. E. 2000 . The economic consequences of increased disclosure . Journal of Accounting Research , 38 : 91 – 124 .
   Web of Science ®Google Scholar
• Lev , B. and Penman , S. 1990 . Voluntary forecast disclosure, nondisclosure, and stock prices . Journal of Accounting Research , 28 : 49 – 76 .
   Web of Science ®Google Scholar
• Myers , S. C. and Majluf , N. S. 1984 . Corporate financing and investment decisions when firms have information that investors do not have . Journal of Financial Economics , 13 : 187 – 221 .
   Web of Science ®Google Scholar
• Sengupta , P. 1998 . Corporate disclosure quality and the cost of debt . The Accounting Review , 73 : 459 – 74 .
   Web of Science ®Google Scholar
• Skinner , D. J. 1994 . Why firms voluntarily disclosure bad news . Journal of Accounting Research , 32 : 38 – 60 .
   Web of Science ®Google Scholar
• Verrecchia , R. E. 1983 . Discretionary disclosure . Journal of Accounting and Economics , 5 : 365 – 80 .
   Web of Science ®Google Scholar
• Verrecchia , R. E. 2001 . Essays on disclosure . Journal of Accounting and Economics , 32 : 97 – 180 .
   Web of Science ®Google Scholar
• Wasley , C. E. and Wu , J. S. 2006 . Why do managers voluntarily issue cash flow forecasts? . Journal of Accounting Research , 44 : 389 – 429 .
   Web of Science ®Google Scholar