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作者：Ho, Joanna L. Y.; Lee, Ling-Chu; Wu, Anne
作者单位：University of California System; University of California Irvine; National Chengchi University
摘要：Prior studies have examined how changes to a more performance-sensitive incentive scheme influence employees' compensation and performance. However, there are examples from practice (e.g., Sears) of companies changing to more performance-sensitive incentive schemes. This study reports that a change from a performance-sensitive (commission-based) scheme to a less performance-sensitive (base salary plus commission) scheme hurts employee performance. Also, we extend prior research by examining ho...
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作者：Wiedman, Christine I.
作者单位：University of Waterloo
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作者：Cheng, Shijun; Indjejikian, Raffi J.
作者单位：University System of Maryland; University of Maryland College Park; University of Michigan System; University of Michigan
摘要：We study the relation between firms' internal governance mechanisms and the market for corporate control by examining how chief executive officer (CEO) compensation changed following the enactment of anti-take-over laws by various states in the 1980s. We find that CEOs are paid more after controlling for performance and their compensation is more sensitive to performance (both stock returns and accounting return on assets) following the enactment of these laws. We also find that the increased ...
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作者：Bushman, Robert M.
作者单位：University of North Carolina; University of North Carolina Chapel Hill
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作者：Baker, Terry A.; Collins, Denton L.; Reitenga, Austin L.
作者单位：Wake Forest University; Texas Tech University System; Texas Tech University; University of Alabama System; University of Alabama Tuscaloosa
摘要：This study examines discretionary accruals imbedded in quarterly earnings announcements that precede executive stock option grants. Prior empirical research indicates that managers attempt to increase the value of their option pay (by depressing the option's exercise price) through a variety of strategies including timing voluntary disclosures, influencing option grant dates, and managing accruals. This study extends the research by jointly examining managerial incentives and opportunities to ...
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作者：Collins, Daniel W.; Gong, Guojin; Li, Haidan
作者单位：University of Iowa; Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park; Santa Clara University
摘要：This paper investigates whether weak corporate governance is a contributing factor to the incidence of backdating executive stock option awards. On the basis of a sample of Standard & Poor's 1500 firms that exhibit evidence of backdating, we find that firms with weaker governance structures that allow chief executive officers (CEOs) to exercise greater power over the board and its compensation committee are more likely to engage in CEO stock option backdating. Moreover, the tendency to backdat...
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作者：Jamal, Karim
作者单位：University of Alberta
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作者：Vafeas, Nikos
作者单位：University of Cyprus
摘要：This paper examines whether the stock market values accounting education. Studying 616 controller appointments between 1993 and 2005 and using event-study methodology, I find evidence that the appointment of controllers with an accounting degree elicits a more favorable stock market response compared with the appointment of controllers without an accounting degree. This effect stems from outside appointments. Among accounting graduates, the market reacts more favorably when the degree is award...
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作者：Ayers, Benjamin C.; Jiang, John (Xuefeng); Laplante, Stacie K.
作者单位：University System of Georgia; University of Georgia; Michigan State University
摘要：Extant research suggests that book-tax differences are useful measures in evaluating firm performance. There is little evidence, however, regarding taxable income as an alternative performance measure to book income. We examine firm characteristics that mitigate or enhance the ability of taxable income to inform investors regarding firm performance. We find that the relative and incremental information content of estimated taxable income to book income is lower for high tax-planning firms and ...
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作者：Hirshleifer, David; Teoh, Siew Hong
作者单位：University of California System; University of California Irvine
摘要：We offer here the psychological attraction approach to accounting and disclosure rules, regulation, and policy as a program for positive accounting research. We suggest that psychological forces have shaped and continue to shape rules and policies in two different ways: (1) good rules for bad users-rules and policies that provide information in a form that is useful for users who are subject to bias and cognitive processing constraints; and (2) bad rules-superfluous or even pernicious rules an...
