CEO Social Capital and the Value Relevance of Accounting Metrics

Equity investors value CEO social capital when pricing firm equity. When CEO social capital is high, the value relevance of the book value of equity declines, whereas the value relevance of earnings measures increases. Results are stronger for firms in high-tech industries where information asymmetr...

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Bibliographic Details
Published in:Risks
Main Authors: Michael S. Luehlfing, William R. McCumber, Huan Qiu
Format: Article
Language:English
Published: MDPI AG 2023-04-01
Subjects:
CEO social capital
value relevance
accounting metrics
Online Access:https://www.mdpi.com/2227-9091/11/4/78

Internet

https://www.mdpi.com/2227-9091/11/4/78

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