Essec\Faculty\Model\Contribution {#2233
  #_index: "academ_contributions"
  #_id: "771"
  #_source: array:26 [
    "id" => "771"
    "slug" => "ceo-confidence-and-unreported-rd"
    "yearMonth" => "2018-12"
    "year" => "2018"
    "title" => "CEO Confidence and Unreported R&D"
    "description" => "KOH, P.S., REEB, D.M. et ZHOU, W. (2018). CEO Confidence and Unreported R&D. <i>Management Science</i>, 64(12), pp. 5461-5959."
    "authors" => array:3 [
      0 => array:3 [
        "name" => "KOH Ping-Sheng"
        "bid" => "B00703612"
        "slug" => "koh-ping-sheng"
      ]
      1 => array:1 [
        "name" => "REEB D. M."
      ]
      2 => array:1 [
        "name" => "ZHOU W."
      ]
    ]
    "ouvrage" => ""
    "keywords" => array:5 [
      0 => "innovation"
      1 => "overconfident CEOs"
      2 => "missing R&D"
      3 => "mandatory disclosure"
      4 => "corporate opacity"
    ]
    "updatedAt" => "2023-06-27 14:02:21"
    "publicationUrl" => "https://pubsonline.informs.org/doi/10.1287/mnsc.2017.2809"
    "publicationInfo" => array:3 [
      "pages" => "5461-5959"
      "volume" => "64"
      "number" => "12"
    ]
    "type" => array:2 [
      "fr" => "Articles"
      "en" => "Journal articles"
    ]
    "support_type" => array:2 [
      "fr" => "Revue scientifique"
      "en" => "Scientific journal"
    ]
    "countries" => array:2 [
      "fr" => null
      "en" => null
    ]
    "abstract" => array:2 [
      "fr" => "We investigate whether managerial traits influence corporate decisions to provide mandatory financial disclosures. The results indicate that firms with confident chief executive officers (CEOs) are 24% more likely to report their research and development (R&D) expenditures relative to firms with cautious CEOs. Exploiting staggered, state-level regulatory shocks and changes in CEO type, we find substantial evidence that cautious CEO firms fail to report R&D expenditures. After a plausibly exogenous shock to managerial reporting liability, cautious CEO firms exhibit a 35% larger reduction in unreported R&D relative to confident CEO firms. Interestingly, confident CEO firms do not exhibit more innovation than their cautious CEO counterparts after taking into account their differing propensities to report corporate R&D. Overall, our analysis suggests that the precision or reliability of mandatory disclosures systematically varies with managerial characteristics."
      "en" => "We investigate whether managerial traits influence corporate decisions to provide mandatory financial disclosures. The results indicate that firms with confident chief executive officers (CEOs) are 24% more likely to report their research and development (R&D) expenditures relative to firms with cautious CEOs. Exploiting staggered, state-level regulatory shocks and changes in CEO type, we find substantial evidence that cautious CEO firms fail to report R&D expenditures. After a plausibly exogenous shock to managerial reporting liability, cautious CEO firms exhibit a 35% larger reduction in unreported R&D relative to confident CEO firms. Interestingly, confident CEO firms do not exhibit more innovation than their cautious CEO counterparts after taking into account their differing propensities to report corporate R&D. Overall, our analysis suggests that the precision or reliability of mandatory disclosures systematically varies with managerial characteristics."
    ]
    "authors_fields" => array:2 [
      "fr" => "Comptabilité et Contrôle de Gestion"
      "en" => "Accounting and Management Control "
    ]
    "indexedAt" => "2024-11-21T14:21:49.000Z"
    "docTitle" => "CEO Confidence and Unreported R&D"
    "docSurtitle" => "Articles"
    "authorNames" => "<a href="/cv/koh-ping-sheng">KOH Ping-Sheng</a>, REEB D. M., ZHOU W."
    "docDescription" => "<span class="document-property-authors">KOH Ping-Sheng, REEB D. M., ZHOU W.</span><br><span class="document-property-authors_fields">Comptabilité et Contrôle de Gestion</span> | <span class="document-property-year">2018</span>"
    "keywordList" => "<a href="#">innovation</a>, <a href="#">overconfident CEOs</a>, <a href="#">missing R&D</a>, <a href="#">mandatory disclosure</a>, <a href="#">corporate opacity</a>"
    "docPreview" => "<b>CEO Confidence and Unreported R&D</b><br><span>2018-12 | Articles </span>"
    "docType" => "research"
    "publicationLink" => "<a href="https://pubsonline.informs.org/doi/10.1287/mnsc.2017.2809" target="_blank">CEO Confidence and Unreported R&D</a>"
  ]
  +lang: "fr"
  +"_type": "_doc"
  +"_score": 9.181117
  +"parent": null
}