Executive Compensation And Financial Accounting
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Executive Compensation And Financial Accounting
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Author : David Aboody
language : en
Publisher: Now Publishers Inc
Release Date : 2010
Executive Compensation And Financial Accounting written by David Aboody and has been published by Now Publishers Inc this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with Business & Economics categories.
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.
Executive Compensation
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Author : Valerie Grant
language : en
Publisher:
Release Date : 2001
Executive Compensation written by Valerie Grant and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Executives categories.
Executive Compensation And Earnings Management Under Moral Hazard
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Author : Bo Sun
language : en
Publisher: DIANE Publishing
Release Date : 2010-08
Executive Compensation And Earnings Management Under Moral Hazard written by Bo Sun and has been published by DIANE Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-08 with Business & Economics categories.
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.
Responsible Executive Compensation For A New Era Of Accountability
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Author : Peter T. Chingos
language : en
Publisher: John Wiley & Sons
Release Date : 2004-04-12
Responsible Executive Compensation For A New Era Of Accountability written by Peter T. Chingos and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-04-12 with Business & Economics categories.
A definitive road map to help companies assess and refine their executive reward strategies. Responsible pay has become inextricably linked with corporate governance and long-term shareholder value creation. Responsible Executive Compensation for a New Era of Accountability shows you how to revamp your executive compensation programs to drive shareholder value creation while adhering to the high standards of the new corporate governance environment. Packed with case studies, diagnostics, and contributions from world-renowned experts in executive compensation, this vital resource offers a comprehensive overview of the critical issues affecting executive compensation practice and theory during this new era. Order your copy today!
Corporate Governance And Executive Compensation
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Author : United States. Congress. Senate. Committee on Finance
language : en
Publisher:
Release Date : 2002
Corporate Governance And Executive Compensation written by United States. Congress. Senate. Committee on Finance and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Corporate governance categories.
Fairness Of Ceo Compensation
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Author : Mehtap Aldogan Eklund
language : en
Publisher: Springer Nature
Release Date : 2019-12-05
Fairness Of Ceo Compensation written by Mehtap Aldogan Eklund and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-12-05 with Business & Economics categories.
Executive compensation and its fairness to stakeholders are topics of heated debate on platforms ranging from news forums to financial markets. This book stimulates critical thinking on executive compensation and guides academics and practitioners on the key concepts by developing a multi-faceted and multi-cultural framework. It also presents the new ‘Fair CEO Compensation,’ which uses a scientifically developed and structured stakeholder-based approach to reach optimal and fair CEO compensation, without capping bonuses or variable pay by rules and regulations. Financial, non-financial, organizational, strategic, cultural, personal, and social aspects are all taken into account in the framework. In addition to implementation guidelines and real-world examples, the book presents a checklist for businesses to measure the fairness of their CEO compensation based on the suggested framework. Moreover, the author also provides a survey template to help businesses investigate their employees’ perception of the fairness of their CEO’s compensation.
Executive Compensation
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Author : Gary Giroux
language : en
Publisher:
Release Date : 2014-12-08
Executive Compensation written by Gary Giroux and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-12-08 with Compensation management categories.
The chief executive officer (CEO) of a corporation and her executive team are responsible for the management of the business and its continued financial success. This team is almost always highly compensated and the relative total compensation has mushroomed over time. Most of the compensation now is designed to be performance-based; but this structure leads to charges that it provides executives with incentives to manipulate short term corporate earnings and stock prices to serve their own compensation self interests. The book explores this premise and provides guidance into how such determinations are made. Three key points are emphasized in this book. First is the role that accounting and disclosure play in informing the process of determining executive compensation. Second is the recognition that executive compensation can affect corporate behavior in a variety of ways; and finally, there is the acknowledgement that executive compensation cannot be fully understood without one first becoming familiar with economic theory and empirical research related to compensation models. Because the rationale for executive compensation and the way it is viewed has changed over time, this book adopts a historical/chronological perspective. This perspective allows the book to make several observations about the state of executive compensation and how public disclosures about it have been demanded and have increased over time. The business culture and institutional framework for compensation of top executives has changed dramatically since the 1930s, with important ramifications. Types and amounts of executive pay have bounced up and down based on tax laws, regulatory changes and executive self-interest, as executives find new ways to be paid more. Yet research has shown that, despite some notable excesses, overall executive compensation is often more reasonable than recent perceptions would suggest.
Research Handbook On Executive Pay
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Author : John S. Beasley
language : en
Publisher: Edward Elgar Publishing
Release Date : 2012-01-01
Research Handbook On Executive Pay written by John S. Beasley and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-01-01 with Business & Economics categories.
Research on executive compensation has exploded in recent years, and this volume of specially commissioned essays brings the reader up-to-date on all of the latest developments in the field. Leading corporate governance scholars from a range of countries set out their views on four main areas of executive compensation: the history and theory of executive compensation, the structure of executive pay, corporate governance and executive compensation, and international perspectives on executive pay. The authors analyze the two dominant theoretical approaches – managerial power theory and optimal contracting theory – and examine their impact on executive pay levels and the practices of concentrated and dispersed share ownership in corporations. The effectiveness of government regulation of executive pay and international executive pay practices in Australia, the US, Europe, China, India and Japan are also discussed. A timely study of a controversial topic, the Handbook will be an essential resource for students, scholars and practitioners of law, finance, business and accounting.
Myths And Realities Of Executive Pay
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Author : Ira Kay
language : en
Publisher: Cambridge University Press
Release Date : 2007-08-27
Myths And Realities Of Executive Pay written by Ira Kay and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-08-27 with Business & Economics categories.
This book answers the question 'Are CEOs overpaid?' with a resounding 'No.' Defying dogma and business myths, it documents the realities of executive pay in the United States and the forces that have shaped pay in recent years. The authors, both expert consultants on the subject, investigate the extent to which pay is related to corporate performance and provide clear guidance for an approach that drives business success and shareholder value. Based on extensive research and decades of direct experience in working with thousands of companies, the book provides provocative insights for executives, analysts, government officials, and shareholders.
Executive Compensation Corporate Tax Aggressiveness And Financial Reporting Aggressiveness
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Author : Bonnie R. Quillin
language : en
Publisher:
Release Date : 2017
Executive Compensation Corporate Tax Aggressiveness And Financial Reporting Aggressiveness written by Bonnie R. Quillin and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017 with Executives categories.
Using a variety of research methods, prior empirical research finds that executive compensation influences the behavior of managers, particularly with decisions involving risk. These studies show that, when executive compensation is more sensitive to stock price volatility, firms implement riskier investment and financial policies and take more aggressive positions in financial and tax reporting. The sensitivity of executive compensation to stock price volatility is largely due to stock option compensation. Prior studies provide evidence that companies reduced the stock option grants to executives following the introduction of the Statement of Financial Accounting Standard 123R - Share-Based Payment (SFAS 123R). The reduced stock option grants lead to executive compensation being less sensitive to stock price volatility. Because SFAS 123R is unrelated to a manager's inherent risk aversion, this paper uses the introduction of SFAS 123R as a natural experiment to further explore the relationship between executive compensation and managerial risk taking, in the form of aggressive positions taken in financial and tax reporting. This paper's focus on changes in corporate tax aggressiveness and financial reporting aggressiveness complements the work of Hayes et al. (2012), Cohen et al. (2010), Chava and Purnanandam (2010), and Bakke et al. (2016), which examine changes in the riskiness of corporate financing and investment policies following SFAS 123R. I fail to find evidence that firms affected by SFAS 123R have a more pronounced decline in corporate tax or financial reporting aggressiveness following SFAS 123R than firms not affected by SFAS 123R. These findings are consistent with Cohen et al. (2009) and Hayes et al. (2012) who examines changes in vega following SFAS 123R and the riskiness of firms' investment and financing policies (research and development, capital investments, leverage, and acquisitions). Hayes et al. (2002) and Cohen et al. (2010) fail to find consistent evidence that managerial risk taking decreases following SFAS 123R. These findings are inconsistent with Chava and Purnanandam (2010) and Bakke et al. (2016) who examine changes in vega following SFAS 123R and the association with corporate financial policies (the former considers book leverage and debt; the latter, corporate hedging in the oil and gas industry). Chava and Purnanandam (2010) and Bakke et al. (2016) find evidence that managerial risk taking decreases following SFAS 123R. The lack of evidence of decreased aggressiveness in tax and financial reporting in my study add to the mixed results from other studies using SFAS 123R as a natural experiment to evaluate the relation between vega and aggressive corporate financing and risk policies. As concluded by Hayes et al. (2012), understanding the effects of vega on managerial risk taking continues to be a challenge for empirical research.