This study examines the relation between "ex ante" incentives of insurance managers to engage in earnings management to meet regulatory standards and the informativeness of earnings. This study extends prior research by simultaneously examining the effects of earnings management and uncertainty...

We analyze the proportions of executive pay derived from salary, bonus, long-term incentive compensation, and stock-based compensation for a sample of 321 Fortune 1,000 firms in 1992. We find that firms with abundant investment opportunities pay higher levels of total compensation to their...

We examine data for the year ended December 31, 1997 for 80 publicly traded property-liability insurers that have Best financial strength ratings of their consolidated insurance-operating subsidiaries. These firms employ a holding company structure, in which a parent owns the stock of multiple...

This paper investigates the relationship between investor uncertainty, gauged by properties of analysts' forecasts, and the stock market response to earnings. We find that uncertainty is best characterized by a comprehensive measure recently proposed by <link rid="b8">Barron, Kim, Lim and Stevens (1998)</link>, BKLS....