Lin Peng is with Baruch College, City University of New York. Ailsa Röell is with School of International and Public Affairs, Columbia University, and Centre for Economic Policy Research. We thank Patrick Bolton, Markus Brunnermeier, Donal Byard, Kenneth Carow, Ing-Haw Cheng, N.K. Chidambaran, François Degeorge, Jurgen Dennert, Ingolf Dittman, Alex Edmans, Harrison Hong, Darius Palia, Matthew Pritsker, Jay Ritter, Hyun Shin, Wei Xiong, seminar participants at Baruch College, Columbia University, Fordham University, Rutgers University, Princeton University, Seton Hall University, Shanghai Advanced Institute of Finance, Temple University, Villanova University, Wilfrid Laurier University, and conference participants at the 2008 AEA meetings, 2009 FMA, 2009 Triple Crown Conference, 2009 FIRS, the 2009 First Paris Spring Corporate Finance Conference, and 2011 China International Conference in Finance for helpful comments. We are especially grateful to Campbell Harvey (the Editor) and the anonymous Senior Advisor, Associate Editor, and referee for extensive and constructive suggestions. Peng thanks Princeton University and Röell thanks the Toulouse School of Economics for their hospitality, and Peng also thanks the Eugene Lang Junior Faculty Research Fellowship, the PSC-CUNY Research Foundation, and the Wasserman Endowment for financial support.
Managerial Incentives and Stock Price Manipulation
Article first published online: 17 MAR 2014
© 2014 the American Finance Association
The Journal of Finance
Volume 69, Issue 2, pages 487–526, April 2014
How to Cite
PENG, L. and RÖELL, A. (2014), Managerial Incentives and Stock Price Manipulation. The Journal of Finance, 69: 487–526. doi: 10.1111/jofi.12129
- Issue published online: 17 MAR 2014
- Article first published online: 17 MAR 2014
- Accepted manuscript online: 21 NOV 2013 12:23PM EST
- Manuscript Accepted: 3 OCT 2013
- Manuscript Received: 20 JUL 2009
- Eugene Lang Junior Faculty Research Fellowship
- PSC-CUNY Research Foundation
- Wasserman Endowment
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