We investigate the relationship between firm strategy and the use of performance measures in executive compensation. Our analysis shows that there is an increased emphasis on sales in the determination of executive compensation for firms pursuing a cost leadership strategy, which seek to achieve...

Whisper numbers--unofficial forecasts of earnings per share--were widely reported alongside analyst forecasts and actual earnings in the late 1990s. Bagnoli et al. (1999) showed that whispers appeared to be more accurate than analyst earnings forecasts for a small sample of high-tech firms. We...

This study empirically examines the effect of a non-traditional information source, namely a firm's blog visibility on the capital market valuation of firms. After controlling for earnings, book value of equity and other value relevant variables, such as traditional media exposure, R&D spending,...

Integral to strategic cost management is the choice of procuring flexible versus committed resources conditioned on demand uncertainty. Prior research shows that costs respond less to decreases than increases in sales activity when firms invest in committed resources. We analyze asymmetry in...