| 书目名称 | Competition Culture and Corporate Finance | | 副标题 | A Measure of Firms’ | | 编辑 | Terry Harris | | 视频video | http://file.papertrans.cn/232/231137/231137.mp4 | | 概述 | Explores the relationship between competition culture and earnings management.Introduces a new measure of firms’ competition culture based on a textual analysis and natural language processing.Covers | | 图书封面 |  | | 描述 | .This book introduces a measure of firms’ competition culture based on a textual analysis and natural language processing (NPL) of firms’ 10-K filings. Using this measure, the book explores the relationship between competition culture and various phenomena in corporate finance, specifically, institutional ownership structure, stock return performance, idiosyncratic stock price crash risk, meeting/beating analysts’ earnings expectations, and earnings management activity, for a large sample of US-based financial and non-financial firms. In particular, the book provides evidence that transient institutional ownership intensifies firms’ competition culture, while dedicated institutional ownership lessens it. In addition, the book’s findings suggest that firms with greater levels of competition culture achieve higher levels of short-term stock return performance, experience greater incidence of idiosyncratic stock price crashes, and are more prone to meet/beat analysts forecast and engagein accruals-based earnings manipulation...Finally, the book examines the role played by competition culture in financial firms (i.e., banks). Specifically, the book explores the effect of competition cu | | 出版日期 | Book 2023 | | 关键词 | Institutional Ownership; Crash Risk; Corporate Culture; Earnings Management; Textual Analysis | | 版次 | 1 | | doi | https://doi.org/10.1007/978-3-031-30156-8 | | isbn_softcover | 978-3-031-30158-2 | | isbn_ebook | 978-3-031-30156-8 | | copyright | The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerl |
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