“CEO自由裁量权、无约束股权与股票交易:理论与证据”探讨

IF 1.2 Q3 BUSINESS, FINANCE

Advances in Accounting Pub Date : 2023-06-01 DOI:10.1016/j.adiac.2023.100657

Dirk E. Black

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引用次数: 0

摘要

洪（2023）提供了一个分析模型和经验档案证据来解释为什么首席执行官持有既得公司股份，而这样做是以减少首席执行官投资组合财富多元化为代价的。我从洪（2023）的分析模型所提供的直觉以及人们可以从其经验结果中得出的推论来讨论洪。此外，我还简要讨论了会计中缺乏多种方法的研究，并考虑了会计学者如何为有关行政权力和契约的跨学科文献增添洞察力。

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Discussion of “CEO discretionary power, unconstrained stock ownership, and stock trading: Theory and evidence”

Hong (2023) provides both an analytical model and empirical archival evidence to explain why CEOs hold vested own-firm shares when doing so comes at the cost of reduced CEO portfolio wealth diversification. I discuss Hong (2023) in terms of the intuition provided by its analytical model and the inferences one can draw from its empirical results. Moreover, I briefly discuss (the lack of) multi-methods research in accounting and consider how accounting scholars can add insight to the cross-disciplinary literature on executive power and contracting.

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来源期刊

Advances in Accounting BUSINESS, FINANCE-

CiteScore

2.50

自引率

6.20%

发文量

期刊介绍： Advances in Accounting, incorporating Advances in International Accounting continues to provide an important international forum for discourse among and between academic and practicing accountants on the issues of significance. Emphasis continues to be placed on original commentary, critical analysis and creative research.