Marking to Market and Inefficient Investment Decisions
Explore this paper's citation graph
Summary
This paper examines how mark-to-market accounting affects the investment decisions of managers with reputation concerns and finds that managers may shy away from investments that indicate conflicting private information and would damage their reputation.
- Type
- article
- Published
- 2017-04-05
- Cited by
- 20
- References
- 58
- Access
- Open access
- OpenAlex
- https://openalex.org/W1788916855
- Semantic Scholar
- https://api.semanticscholar.org/CorpusID:52272991
Keywords
Reputation, Business, Agency (philosophy), Market value, Investment (military)
References
- A Theory of "Yes Men."
- Herd Behavior and Investment
- The Wrong Kind of Transparency
- When Managers Cover Their Posteriors: Making the Decisions the Market Wants to See
- Mark-to-Market Accounting and Liquidity Pricing
- Noise Trading, Delegated Portfolio Management, and Economic Welfare
- Arm's Length Relationships
- Managerial Incentives and Capital Management
- Market Transparency and the Accounting Regime
- Continuous Auctions and Insider Trading
- Is mark-to-market accounting destabilizing? Analysis and implications for policy
- Market-Based Corrective Actions
- Managerial Reputation and Corporate Investment Decisions
- Impetuous Youngsters and Jaded Old-Timers: Acquiring a Reputation for Learning
- Social Value of Public Information
- Strategic Complementarity, Fragility, and Regulation
- Herding Among Investment Newsletters: Theory and Evidence
- Imprecision in Accounting Measurement: Can It Be Value Enhancing?
- Real Bills Revisited: Market Value Accounting and Loan Maturity
- Analyst Forecasts and Herding Behavior
Cited by
- Corporate Strategy, Conformism, and the Stock Market
- “Forgive but Not Forget”: The Behavior of Relationship Banks When Firms Are in Distress
- Looking into Crystal Balls: A Laboratory Experiment on Reputational Cheap Talk
- Horizontal industry relationships and return predictability
- The coopetition effect of learning-by-doing in outsourcing
- Operation strategies for an omni-channel supply chain: Who is better off taking on the online channel and offline service?
- How peers’ updates on social media influence job search
- Inventory and ordering decisions: a systematic review on research driven through behavioral experiments
- Discussion of “The Market for Reviews: Strategic Behavior of Online Product Reviewers with Monetary Incentives”
- The Role of Marketing in Digital Business Platforms
- The impact of weather on order submissions and trading performance
- Trust-based cooperation in Silk Road Economic Belt countries: strategical ordering in the assembly supply chain
- “Taking Diversity Into Account”: Real effects of accounting measurement on asset allocation
- Mark-to-Market, Loan Retention, and Loan Origination
- Fair Value Accounting, Illiquid Assets, and Financial Stability
- Fair Value Accounting and Debt Maturity Structure - Should we Adopt Mark-to-Funding Accounting?
- Estimating NBA Team Shot Selection Efficiency from Aggregations of True, Continuous Shot Charts: A Generalized Additive Model Approach
- Compliance management and investment efficiency in state-owned enterprises: Evidence from China
- Complainer's Dilemma
- The Impact of Corporate ESG Engagement on Inefficient Investment: Does Regional Marketization Matter?
Related papers
- A content-driven reputation system for the wikipedia
- A Model of Reputation of Agent Based on Acquaintances Chain
- Cooperation in the spatial public goods game with the second-order reputation evaluation
- Reestablishing Excellent Academic Reputation Discussing from the Noble Prize
- Beyond market timing theory
- Intrinsic Value and Market Timing of Initial Public Offerings
- An analysis of timing decision in venture capital staged financing: evidence from India
- DO FIRMS’ LEVERAGE DEVIATIONS AFFECT OVERCONFIDENT CEOS’ ACQUISITION DECISIONS?