THOUGHT FOR THE DAY

Dreams

“Myths are public dreams, dreams are private myths."

- Joseph Campbell

TOPIC OF THE DAY

Analysis of Corporate Disclosure

The relative performance evaluation (RPE) hypothesis states that firms benefit from comparing their own performance to that of a peer group when evaluating the CEO's performance. Although in theory firms should be employing relative performance to evaluate the CEO, indirect empirical tests in the 1980s and 1990s generally fail to support the RPE hypothesis.

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LATEST ARRIVALS

Corporate disclosures: the origin of financial and business reporting 1553-2007 AD by Shankar Jaganathan