Finance Professor’s Article Examines Effect of Corporate Honesty
May 18, 2015
BATON ROUGE – For poorly performing companies, owning up to their mistakes is the best course of action if they want to see improved performance. Those that blame their mistakes on forces external to the company, such as a poorly performing economy or industry, continue to perform poorly.
This is the conclusion reached in a soon-to-be published paper by LSU Department of Finance Professor Don Chance, who co-authored the piece with University of Central Missouri Professor James Cicon and University of Missouri Professor Stephen Ferris.
The paper is titled, “Poor Performance and the Value of Corporate Honesty,” and will appear in the August issue of the Journal of Corporate Finance.
“The Journal of Corporate Finance is an outstanding journal in our field,” Chance said. “I am grateful for the support of the editor and referee and especially thankful that I was able to work with such excellent co-authors.”
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