Reputation and earnings dynamics
نویسندگان
چکیده
Cyclical patterns in earnings can arise when contracts between firms and their workers are incomplete, cannot borrow or lend so as to smooth consumption. Effort cycles generate occasional large changes earnings. These transitory, consistent with recent empirical findings.
منابع مشابه
Earnings Quality with Reputation and Performance
Article History Received: 29 September 2017 Revised: 25 January 2018 Accepted: 29 January 2018 Published: 2 February 2018
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ژورنال
عنوان ژورنال: Journal of Economic Theory
سال: 2021
ISSN: ['1095-7235', '0022-0531']
DOI: https://doi.org/10.1016/j.jet.2020.105158