CEOs are less likely to manipulate firm earnings reports to make themselves look good in the short run when they don't have an ownership share
Indicate whether the statement is true or false
FALSE
Explanation: CEOs are more likely to manipulate firm earnings reports to make themselves look good in the short run when they don't have an ownership share, even though this manipulation will eventually lead to lower stock prices. However, when CEOs own a large value of stock they report earnings accurately because they don't want the negative consequences of declining stock prices.
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