The Stock Market Reaction to Performance Plan Adoptions.
研究股票市场对基于会计目标的高管长期薪酬协议采纳的反应，发现市场反应主要源于即将召开的股东大会，而非绩效计划本身，提醒解读股东大会期间的公告需谨慎。
Abstract Examines the stock market reaction to the adoption of long-term compensation agreements for top management that are based on accounting goals. Method of study; Reaction observed for the adopting firms due to the impending shareholders' meeting rather than to the performance plan adoption per se; Caution in the interpretation of announcements made around the time of the annual shareholders' meeting.