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dc.contributor.authorCohn, J. B.
dc.contributor.authorGurun, Umit G.
dc.contributor.authorMoussawi, R.
dc.date.accessioned2019-11-08T21:49:15Z
dc.date.available2019-11-08T21:49:15Z
dc.identifier.issn0046-3892
dc.identifier.urihttps://hdl.handle.net/10735.1/7094
dc.descriptionDue to copyright restrictions full text access from Treasures at UT Dallas is restricted to current UTD affiliates (use the provided Link to Article).
dc.description.abstractThis paper analyzes value creation in firms at the project level. We present evidence that managers facing short-termist incentives set a lower threshold for accepting projects. Using novel data on new client and product announcements in both the U.S. and international markets, we find that the market responds less positively to a new project announcement when the firm's managers have incentives to focus on short-term stock price performance. Furthermore, textual analysis of project announcements shows that firms with short-termist chief executive officers use vaguer and generically positive language when introducing new projects to the marketplace. ©2018 Financial Management Association International
dc.language.isoen
dc.publisherJohn Wiley & Sons Inc.
dc.relation.urihttps://dx.doi.org/10.1111/fima.12249
dc.rights©2019 Financial Management Association International
dc.subjectCareer development
dc.subjectChief executive officers--Salaries, etc.
dc.subjectCorporations—Finance
dc.titleA Project-Level Analysis of Value Creation in Firms
dc.title.alternativeFinancial Management
dc.type.genrearticle
dc.description.departmentNaveen Jindal School of Management
dc.identifier.bibliographicCitationCohn, J. B., U. G. Gurun, and R. Moussawi. 2019. "A project-level analysis of value creation in firms." Financial Management, 2019: 1-24, doi: 10.1111/fima.12249
dc.source.journalFinancial Management
dc.identifier.volume2019
dc.contributor.utdAuthorGurun, Umit G.


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