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Managerial Incentives and Risk-taking
This paper provides empirical evidence of a strong causal relation between the structure of managerial compensation and investment policy, debt policy, and firm risk. Controlling for CEOExpand
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Do Firms Manage Earnings to Meet Dividend Thresholds
Dividend-paying firms tend to manage earnings upward when their earnings would otherwise fall short of expected dividend levels. This behavior is evident only in firms with positive debt and is moreExpand
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Symmetry in Pay for Luck
In this study, we take a comprehensive look at asymmetry in pay for luck, which is the finding that CEOs are rewarded for good luck, but are not penalized to the same extent for bad luck. Our mainExpand
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High-Resolution Weather Prediction Using Modified Neural Network Approach Over the Districts of Karnataka State
Forecasting of future rainfall from previous years data samples has always challenging and major area to focus. There are various factors are applied to anticipate the rainfall such as MeanExpand
Symmetry in Pay for Luck
Garvey and Milbourn (2006) document an asymmetry in pay for luck. Their methodology involves decomposing stock returns into luck and skill. Theoretically, the estimates of luck and skill should haveExpand
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