A tweet alerted me to this study. Following the links to SSRN you'll find not only the paper but links to teaching slides and another relevant paper. It's very encouraging to see researchers going to the horse's mouth and asking CFOs about it, rather than using proxy measures or experiments with MBA students. But it doesn't look as if these papers have yet been published in peer-reviewed journals. Is this another example of prejudice against research of this nature?
(I've tweeted this using the very useful TwitLonger, which I have only just discovered.)
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