Browsing by Subject "R&D"
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R&D manipulation around SEOs and SEO valuations
Prior research finds T&D reductions around SEOs are linked to insider ownership decreases. This suggests that insiders underinvest in R&D to inflate earnings so as to increase SEO value. We construct a variable that ... -
SEO valuation and insider manipulation of R&D
We examine a sample of 674 SEOs from 1999-2010 where reduced R&D spending is significantly associated with the lowering of insider ownership proportions. With this association established, we derive an R&D manipulation ...