CEO characteristics, accounting opacity and stock price synchronicity: Empirical evidence from German listed firms

Souhir Neifar · Hana Ajili

24 citations0/0 files storedJournal of Corporate Accounting & Finance

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Auditing, Earnings Management, Governance Financial Markets and Investment Strategies Corporate Finance and Governance

Abstract

Abstract We examine the influence of accounting opacity (earnings management [EM] and tax aggressiveness [TA]) and CEO characteristics (CEO age and tenure) on stock price synchronicity (SPS) of German companies and we test if CEO age and CEO tenure moderate the relation between EM, TA, and SPS. Using the GLS regression, we find that TA and EM have a significant positive effect on SPS. CEO age negatively moderates the relation between TA and SPS. CEO tenure affects positively SPS, but did not moderate neither the relation between EM and SPS nor the relation between TA and SPS. We use several robustness tests that confirm our main analysis.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 24 citations exist upstream.

References

1991Earnings Management During Import Relief Investigations 2005Performance matched discretionary accrual measures 1995Detecting Earnings Management.2002The Quality of Accruals and Earnings: The Role of Accrual Estimation Errors 2000The information content of stock markets: why do emerging markets have synchronous stock price movements?1999Managerial Incentive Problems: A Dynamic Perspective 2005R2 around the world: New theory and new tests☆1988Herd Behavior and Investment

Cited by

2023Does trade policy uncertainty increase commercial banks’ risk-taking? Evidence from China

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.