Market reaction to executive compensation disclosure: evidence from the Security and Exchange Commission's 1992 disclosure initiatives
The SEC's disclosure initiatives passed in 1992 required increased levels of executive compensation disclosure accompanied by new formats for disclosure. I examine the market response to this new regulation at the firm level. I also test for external information spillovers. I find no evidence t...
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| Language: | en |
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2008
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| Online Access: | http://etd.lib.montana.edu/etd/2008/sullivan/SullivanJ0508.pdf |