Corpus ID: 15600538

HARVARD MISREPORTING CORPORATE PERFORMANCE

@inproceedings{BarGill2003HARVARDMC,
  title={HARVARD MISREPORTING CORPORATE PERFORMANCE},
  author={O. Bar-Gill and L. Bebchuk},
  year={2003}
}
  • O. Bar-Gill, L. Bebchuk
  • Published 2003
  • This paper develops a model of the causes and consequences of misreporting of corporate performance. Misreporting in our model covers all actions, whether legal or illegal, that enable managers of firms with low value to make statements that mimic those made by firms with high value. We show that even managers who cannot sell their shares in the short-term might misreport in order to improve the terms under which their company would be able to raise capital for new projects or acquisitions… CONTINUE READING

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