Browsing by Subject "Research and development"

Now showing items 1-2 of 2

    • R&D Manipulation Around SEOs and SEO Valuations 

      Walker, Rosemary; Kwak, Sungkyu; Hull, Robert M. (Washburn University. School of Business, 2015-06-1)
      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 

      Walker, Rosemary; Kwak, Sungkyu; Hull, Robert M. (Washburn University. School of Business, 2015-09-1)
      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 ...