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The Stock Market Reaction to Performance Plan Adoptions.

Jennifer J. Gaver; Kenneth M. Gaver

The Accounting Review 1992

Examines the stock market reaction to the adoption of long-term compensation agreements for top management that are based on accounting goals. Method of study; Reaction observed for the adopting firms due to the impending shareholders' meeting rather than to the performance plan adoption per se; Caution in the interpretation of announcements made around the time of the annual shareholders' meeting.

DOI
10.2308/tar-9605305872
Volume
67 (1)
Pages
172-182
Language
en
Export
BibTeX
Sources
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