Executive Compensation And Earnings Management Under Moral Hazard

Author : Bo Sun
Publisher : DIANE Publishing
Page : 33 pages
File Size : 44,7 Mb
Release : 2010-08
Category : Business & Economics
ISBN : 9781437930986

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Executive Compensation and Earnings Management Under Moral Hazard by Bo Sun Pdf

Analyzes executive compensation in a setting where managers may take a costly action to manipulate corporate performance, and whether managers do so is stochastic. Examines how the opportunity to manipulate affects the optimal pay contract, and establishes necessary and sufficient conditions under which earnings management occurs. The author¿s model provides a set of implications on the role earnings management plays in driving the time-series and cross-sectional variation of executive compensation. In addition, the model's predictions regarding the changes of earnings management and executive pay in response to corporate governance legislation are consistent with empirical observations. Charts and tables.

Author : Bo Sun
Publisher : Unknown
Page : 42 pages
File Size : 54,9 Mb
Release : 2009
Category : Corporate governance
ISBN : UCR:31210023123639

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Executive Compensation and Earnings Management Under Moral Hazard by Bo Sun Pdf

This paper analyzes executive compensation in a setting where managers may take a costly action to manipulate corporate performance, and whether managers do so is stochastic. We examine how the opportunity to manipulate affects the optimal pay contract, and establish necessary and sufficient conditions under which earnings management occurs. Our model provides a set of implications on the role earnings management plays in driving the time-series and cross-sectional variation of executive compensation. In addition, the model's predictions regarding the changes of earnings management and executive pay in response to corporate governance legislation are consistent with empirical observations.

Author : Joshua Ronen,Varda Yaari
Publisher : Springer Science & Business Media
Page : 587 pages
File Size : 41,9 Mb
Release : 2008-08-06
Category : Business & Economics
ISBN : 9780387257716

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Earnings Management by Joshua Ronen,Varda Yaari Pdf

This book is a study of earnings management, aimed at scholars and professionals in accounting, finance, economics, and law. The authors address research questions including: Why are earnings so important that firms feel compelled to manipulate them? What set of circumstances will induce earnings management? How will the interaction among management, boards of directors, investors, employees, suppliers, customers and regulators affect earnings management? How to design empirical research addressing earnings management? What are the limitations and strengths of current empirical models?

Author : Malek El Diri
Publisher : Springer
Page : 113 pages
File Size : 41,5 Mb
Release : 2017-08-20
Category : Business & Economics
ISBN : 9783319626864

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Introduction to Earnings Management by Malek El Diri Pdf

This book provides researchers and scholars with a comprehensive and up-to-date analysis of earnings management theory and literature. While it raises new questions for future research, the book can be also helpful to other parties who rely on financial reporting in making decisions like regulators, policy makers, shareholders, investors, and gatekeepers e.g., auditors and analysts. The book summarizes the existing literature and provides insight into new areas of research such as the differences between earnings management, fraud, earnings quality, impression management, and expectation management; the trade-off between earnings management activities; the special measures of earnings management; and the classification of earnings management motives based on a comprehensive theoretical framework.

Author : Christopher L. Jones
Publisher : Unknown
Page : 290 pages
File Size : 40,6 Mb
Release : 1998
Category : Electronic
ISBN : STANFORD:36105025919692

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The Association of Earnings Management with Current Returns, Current Market Values, Future Returns, Executive Compensation and the Likelihood of Being a Target of 10b-5 Litigation by Christopher L. Jones Pdf

Author : Joko Nurkamto,Kalu Osiri,Abd. Qadir Muslim,Marzuki Alie,Iuliaa Feofilova
Publisher : European Alliance for Innovation
Page : 954 pages
File Size : 44,5 Mb
Release : 2022-01-04
Category : Social Science
ISBN : 9781631903335

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LePALISSHE 2021 by Joko Nurkamto,Kalu Osiri,Abd. Qadir Muslim,Marzuki Alie,Iuliaa Feofilova Pdf

This book contains the proceedings of the First Lekantara Annual Conference on Public Administration, Literature, Social Sciences, Humanities, and Education (LePALISSHE) was held by Lentera Akademika Nusantara (Lekantara), Indonesia, in collaboration with Universitas Trisakti, Indonesia, on August 3, 2021. The aim of the conference is to promote new insights and discussion about the current global perspectives, considering the differences in academic and subject fields’ approaches across time and countries, with its implications and to improve and share the scientific knowledge on public administration, literature, social sciences, humanities, and education. The theme of the conference is: “Responding to Current Changes and Future Prospects Post Covid19 Pandemic from Various Perspectives”. The Covid19 pandemic has brought social and economic disruption worldwide, but is also providing opportunities in terms of new paths, new perspectives, and new ways of seeing things while addressing the underlying challenges. The conference invites delegates across Indonesia, United Kingdom, Japan, Malaysia, Australia, Canada, USA and beyond, and is attended by more than 300 participants from scholars, academics, researchers, practitioners, students, and policymakers from national and international institutions to provide an opportunity for discussion and to enhance professional networking in various related to the theme of the conference.

Author : Benjamin Hermalin,Michael Weisbach
Publisher : Elsevier
Page : 762 pages
File Size : 51,9 Mb
Release : 2017-09-18
Category : Business & Economics
ISBN : 9780444635402

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The Handbook of the Economics of Corporate Governance by Benjamin Hermalin,Michael Weisbach Pdf

The Handbook of the Economics of Corporate Governance, Volume One, covers all issues important to economists. It is organized around fundamental principles, whereas multidisciplinary books on corporate governance often concentrate on specific topics. Specific topics include Relevant Theory and Methods, Organizational Economic Models as They Pertain to Governance, Managerial Career Concerns, Assessment & Monitoring, and Signal Jamming, The Institutions and Practice of Governance, The Law and Economics of Governance, Takeovers, Buyouts, and the Market for Control, Executive Compensation, Dominant Shareholders, and more. Providing excellent overviews and summaries of extant research, this book presents advanced students in graduate programs with details and perspectives that other books overlook. Concentrates on underlying principles that change little, even as the empirical literature moves on Helps readers see corporate governance systems as interrelated or even intertwined external (country-level) and internal (firm-level) forces Reviews the methodological tools of the field (theory and empirical), the most relevant models, and the field’s substantive findings, all of which help point the way forward

Author : Alessandro Ghio,Roberto Verona
Publisher : Springer Nature
Page : 183 pages
File Size : 52,5 Mb
Release : 2020-04-02
Category : Business & Economics
ISBN : 9783030422998

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The Evolution of Corporate Disclosure by Alessandro Ghio,Roberto Verona Pdf

This book provides a critical analysis of the evolution of corporate disclosure. Building upon prior academic literature, it assesses the most important changes in mandatory corporate disclosure, the growing relevance of social and environmental disclosure, and revolutionary new forms of corporate communication, in particular social media. It also includes empirical analyses that shed further light on the impact of voluntary communication, i.e. social and environmental reporting and corporate social media communication, on managerial and investment decisions. Lastly, it discusses new directions for accounting and corporate governance research on the theoretical and empirical challenges of corporate disclosure. Offering a wealth of relevant and timely advice, the book will help regulators design policies that allow businesses to overcome current and emerging economic, social, and technological challenges.

Author : Tom Baker,Sean J. Griffith
Publisher : University of Chicago Press
Page : 296 pages
File Size : 44,6 Mb
Release : 2011-01-15
Category : Law
ISBN : 9780226035079

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Ensuring Corporate Misconduct by Tom Baker,Sean J. Griffith Pdf

Shareholder litigation and class action suits play a key role in protecting investors and regulating big businesses. But Directors and Officers liability insurance shields corporations and their managers from the financial consequences of many illegal acts, as evidenced by the recent Enron scandal and many of last year’s corporate financial meltdowns. Ensuring Corporate Misconduct demonstrates for the first time how corporations use insurance to avoid responsibility for corporate misconduct, dangerously undermining the impact of securities laws. As Tom Baker and Sean J. Griffith demonstrate, this need not be the case. Opening up the formerly closed world of corporate insurance, the authors interviewed people from every part of the industry in order to show the different instances where insurance companies could step in and play a constructive role in strengthening corporate governance—yet currently do not. Ensuring Corporate Misconduct concludes with a set of readily implementable reforms that could significantly rehabilitate the system.

Author : Christian A. Conrad
Publisher : Springer Nature
Page : 408 pages
File Size : 46,8 Mb
Release : 2022-10-26
Category : Business & Economics
ISBN : 9783658393151

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Applied Macroeconomics by Christian A. Conrad Pdf

This textbook provides a comprehensive overview of macroeconomic relationships and explains the most important macroeconomic variables in an easy-to-understand manner. The reader is introduced to important macroeconomic variables such as inflation and aggregate demand in chapters that build on one another. They learn, among other things, how economic crises arise or the role and functioning of money, capital and goods markets. The aim is to provide the reader with economic knowledge that can be applied in business practice. The economics material has been deliberately selected so that business studies content is usefully supplemented. However, detailed explanations and both application-oriented and practice-related examples and exercises make it easy for non-economists to understand the complex economic topics. Well-founded knowledge presented in an immediately comprehensible way!

Author : Christian A. Conrad
Publisher : Springer Nature
Page : 557 pages
File Size : 43,6 Mb
Release : 2020-11-26
Category : Business & Economics
ISBN : 9783658308841

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Political Economy by Christian A. Conrad Pdf

This textbook takes a new approach to political economy: it combines the well-known non-quantitative theories with the findings of behavioral science and other disciplines such as psychology and sociology. The question of how people behave and how such behavior can be guided towards moral welfare for everyone is the focus of this book. The knowledge is first derived scientifically, then the results are presented in summaries and conclusions. Case studies provide a link to practice. By means of exercises and behavioral games, readers can apply and deepen their acquired knowledge.

Author : Lucian A. Bebchuk,Jesse M. Fried
Publisher : Harvard University Press
Page : 308 pages
File Size : 41,6 Mb
Release : 2004
Category : Business & Economics
ISBN : 0674020634

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Pay Without Performance by Lucian A. Bebchuk,Jesse M. Fried Pdf

The company is under-performing, its share price is trailing, and the CEO gets...a multi-million-dollar raise. This story is familiar, for good reason: as this book clearly demonstrates, structural flaws in corporate governance have produced widespread distortions in executive pay. Pay without Performance presents a disconcerting portrait of managers' influence over their own pay--and of a governance system that must fundamentally change if firms are to be managed in the interest of shareholders. Lucian Bebchuk and Jesse Fried demonstrate that corporate boards have persistently failed to negotiate at arm's length with the executives they are meant to oversee. They give a richly detailed account of how pay practices--from option plans to retirement benefits--have decoupled compensation from performance and have camouflaged both the amount and performance-insensitivity of pay. Executives' unwonted influence over their compensation has hurt shareholders by increasing pay levels and, even more importantly, by leading to practices that dilute and distort managers' incentives. This book identifies basic problems with our current reliance on boards as guardians of shareholder interests. And the solution, the authors argue, is not merely to make these boards more independent of executives as recent reforms attempt to do. Rather, boards should also be made more dependent on shareholders by eliminating the arrangements that entrench directors and insulate them from their shareholders. A powerful critique of executive compensation and corporate governance, Pay without Performance points the way to restoring corporate integrity and improving corporate performance.

Author : H. Kent Baker,Lynnette Purda,Samir Saadi
Publisher : Emerald Group Publishing
Page : 323 pages
File Size : 53,7 Mb
Release : 2020-10-09
Category : Business & Economics
ISBN : 9781789734195

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Corporate Fraud Exposed by H. Kent Baker,Lynnette Purda,Samir Saadi Pdf

Corporate Fraud Exposed uncovers the motivations and drivers of fraud including agency theory, executive compensation, and organizational culture. It delves into the consequences of fraud for various firm stakeholders, and its spillover effects on other corporations, the political environment, and financial market participants.

Author : Christian A. Conrad
Publisher : Springer Nature
Page : 443 pages
File Size : 44,8 Mb
Release : 2023-01-04
Category : Business & Economics
ISBN : 9783031103667

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Economic Systems, Markets and Politics by Christian A. Conrad Pdf

This textbook takes a new approach to economics by taking into account behavioral sciences and ethics. The basics of institutional economics are the starting point of the book, which are combined with insights from business ethics and behavioral science. It analyzes human behavior in order to discover incentives for economic agents to behave in a welfare-maximizing way, and analyzes the impact of human behavior and morality on economic systems, markets and politics. This textbook draws from new research results from behavioral economics, as well as from other disciplines, such as psychology and sociology, thus leading to new conclusions for economic science. The book sheds light on how people behave and how such behavior can be guided towards moral welfare for everyone. Furthermore, the reader is introduced to behavioral games, and to how these can be used to study economic behavior. Each chapter contains a summary on behavioral science findings as well as one on ethical findings. This book is a must read for advanced students in economics and political science but can also be of use to researchers of economics, as well as policymakers and business executives due to its focus on applications.

Author : David Aboody,Ron Kasznik
Publisher : Now Publishers Inc
Page : 98 pages
File Size : 42,8 Mb
Release : 2010
Category : Business & Economics
ISBN : 9781601983428

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Executive Compensation and Financial Accounting by David Aboody,Ron Kasznik Pdf

Executive Compensation and Financial Accounting provides research perspectives on the interface between financial reporting and disclosure policies and executive compensation. In particular, it focuses on two important dimensions: - the effects of compensation-based incentives on executives' financial accounting and disclosure choices, and - the role of financial reporting and income tax regulations in shaping executive compensation practices. Executive Compensation and Financial Accounting examines the key dimensions of the relation between financial accounting and executive compensation. Specifically, the authors examine the extent to which compensation plans create incentives for executives to make particular financial reporting and disclosure choices. They also examine the extent to which accounting regulation creates incentives for firms to design particular compensation plans for their executives.