作者：Ferri, Fabrizio; Sandino, Tatiana
作者单位：Harvard University
摘要：We examine the economic consequences of more than 150 shareholder proposals to expense employee stock options (ESO) submitted during the proxy seasons of 2003 and 2004, the first case in which the SEC allowed a shareholder vote on an accounting matter. Our results indicate that these proposals affected accounting and compensation choices. Specifically, (1) targeted firms were more likely to adopt ESO expensing relative to a control sample of S&P 500 firms, (2) among targeted firms, the likelih...
作者：Badertscher, Brad A.; Phillips, John D.; Pincus, Morton; Rego, Sonja Olhoft
作者单位：University of Notre Dame; University of Connecticut; University of California System; University of California Irvine; University of Iowa
摘要：Prior research has separately examined pretax earnings management activities that have current taxable income consequences (book-tax conforming earnings management) and those that do not have current taxable income consequences (book-tax nonconforming earnings management). Our study documents the prevalence of, and then investigates the firm-specific characteristics that impact the choice between, these earnings management strategies. We utilize a sample of firms that restated their earnings d...
