When do high‐level managers believe they can influence the stock price? Antecedents of stock price expectancy cognitions
研究提出“股价预期”新概念，指管理者对自身影响公司股价的感知，并基于349名美国高层管理者样本，发现总部任职、公司规模、层级和分析师接触是影响该感知的关键因素。
Abstract Stock based rewards are often used to motivate high‐level managers to take actions to increase the stock price of the firm. However, numerous constraints may weaken the perceived link between individual effort and stock price appreciation for many recipients. This study introduces a new construct, stock price expectancy, which we define as individuals' perceptions of influence over their firm's stock price. We examined its antecedents in a sample of 349 high‐level U.S. managers and found that employment at corporate headquarters, firm size, hierarchical level, and contact with investment analysts predicted stock price expectancy perceptions. © 2010 Wiley Periodicals, Inc.