메뉴 건너뛰기




Volumn 79, Issue 1, 2006, Pages 35-67

The impact of performance-based compensation on misreporting

Author keywords

Compensation; Misreporting; Options; Restatements

Indexed keywords


EID: 29244483408     PISSN: 0304405X     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jfineco.2004.12.003     Document Type: Article
Times cited : (816)

References (34)
  • 2
    • 0004072535 scopus 로고    scopus 로고
    • CEO incentives and firm size
    • Unpublished working paper. NBER
    • Baker, G., Hall, B., 1998. CEO incentives and firm size. Unpublished working paper. NBER.
    • (1998)
    • Baker, G.1    Hall, B.2
  • 3
    • 5744232350 scopus 로고    scopus 로고
    • Misreporting corporate performance
    • Unpublished working paper. Harvard Law School
    • Bebchuk, L., Bar-Gill, O., 2003. Misreporting corporate performance. Unpublished working paper. Harvard Law School.
    • (2003)
    • Bebchuk, L.1    Bar-Gill, O.2
  • 4
    • 0036599832 scopus 로고    scopus 로고
    • Managerial power and rent extraction in the design of executive compensation
    • L. Bebchuk J. Fried D. Walker Managerial power and rent extraction in the design of executive compensation University of Chicago Law Review 69 2002 751-846
    • (2002) University of Chicago Law Review , vol.69 , pp. 751-846
    • Bebchuk, L.1    Fried, J.2    Walker, D.3
  • 5
    • 0033236338 scopus 로고    scopus 로고
    • Incentives and penalties related to earnings overstatements that violate GAAP
    • M. Beneish Incentives and penalties related to earnings overstatements that violate GAAP The Accounting Review 74 1999 425-457
    • (1999) The Accounting Review , vol.74 , pp. 425-457
    • Beneish, M.1
  • 6
    • 29244448600 scopus 로고    scopus 로고
    • CEO incentives and earnings management: Evidence from the 1990s
    • forthcoming
    • Bergstresser, D., Philippon, T., 2002. CEO incentives and earnings management: Evidence from the 1990s. Journal of Financial Economics, forthcoming.
    • (2002) Journal of Financial Economics
    • Bergstresser, D.1    Philippon, T.2
  • 7
    • 85015692260 scopus 로고
    • The pricing of options and corporate liabilities
    • F. Black M. Scholes The pricing of options and corporate liabilities Journal of Political Economy 81 1973 637-654
    • (1973) Journal of Political Economy , vol.81 , pp. 637-654
    • Black, F.1    Scholes, M.2
  • 8
    • 0942290992 scopus 로고    scopus 로고
    • Executive compensation and short-termist behavior in speculative markets
    • Unpublished working paper. Princeton University
    • Bolton, P., Scheinkman, J., Xiong, W., 2003. Executive compensation and short-termist behavior in speculative markets. Unpublished working paper. Princeton University.
    • (2003)
    • Bolton, P.1    Scheinkman, J.2    Xiong, W.3
  • 9
    • 0001245231 scopus 로고    scopus 로고
    • The use of equity grants to manage optimal equity incentive levels
    • J. Core W. Guay The use of equity grants to manage optimal equity incentive levels Journal of Accounting and Economics 28 1999 151-184
    • (1999) Journal of Accounting and Economics , vol.28 , pp. 151-184
    • Core, J.1    Guay, W.2
  • 10
    • 0036017572 scopus 로고    scopus 로고
    • Estimating the value of employee stock option portfolios and their sensitivities to price and volatility
    • J. Core W. Guay Estimating the value of employee stock option portfolios and their sensitivities to price and volatility Journal of Accounting Research 40 2 2002 613-630
    • (2002) Journal of Accounting Research , vol.40 , Issue.2 , pp. 613-630
    • Core, J.1    Guay, W.2
  • 12
    • 2142720242 scopus 로고    scopus 로고
    • Causes and consequences of earnings manipulation: An analysis of firms subject to enforcement actions by the SEC
    • P. Dechow R. Sloan A. Hutton Causes and consequences of earnings manipulation: An analysis of firms subject to enforcement actions by the SEC Contemporary Accounting Research 13 1996 1-36
    • (1996) Contemporary Accounting Research , vol.13 , pp. 1-36
    • Dechow, P.1    Sloan, R.2    Hutton, A.3
  • 14
    • 84883925852 scopus 로고    scopus 로고
    • The reputational penalty for aggressive accounting: Earnings restatements and management turnover
    • Unpublished working paper. Southern Methodist University
    • Desai, H., Hogan, C., Wilkins, M., 2003. The reputational penalty for aggressive accounting: Earnings restatements and management turnover. Unpublished working paper. Southern Methodist University.
    • (2003)
    • Desai, H.1    Hogan, C.2    Wilkins, M.3
  • 15
    • 29244488467 scopus 로고    scopus 로고
    • Earnings management and executive compensation: A case of overdose of option and underdose of salary?
    • Unpublished working paper Knoxville: University of Tennessee
    • P. Gao R. Shrieves Earnings management and executive compensation: A case of overdose of option and underdose of salary?. Unpublished working paper 2002 University of Tennessee Knoxville
    • (2002)
    • Gao, P.1    Shrieves, R.2
  • 16
    • 1342343720 scopus 로고    scopus 로고
    • Financial statement restatements, trends, market impacts, regulatory responses, and remaining challenges
    • General Accounting Office GAO-03-138
    • General Accounting Office (2002). Financial statement restatements, trends, market impacts, regulatory responses, and remaining challenges. GAO-03-138.
    • (2002)
  • 18
    • 46549101724 scopus 로고
    • The effect of bonus schemes on accounting policies
    • P. Healy The effect of bonus schemes on accounting policies Journal of Accounting and Economics 7 1985 85-107
    • (1985) Journal of Accounting and Economics , vol.7 , pp. 85-107
    • Healy, P.1
  • 19
    • 0141694718 scopus 로고    scopus 로고
    • Corporate budgeting is broken, let's fix it
    • M. Jensen Corporate budgeting is broken, let's fix it Harvard Business Review 2001 94-101
    • (2001) Harvard Business Review , pp. 94-101
    • Jensen, M.1
  • 20
    • 44649197264 scopus 로고
    • Theory of the firm: Managerial behavior, agency costs and ownership structure
    • M. Jensen W. Meckling Theory of the firm: Managerial behavior, agency costs and ownership structure Journal of Financial Economics 3 1976 305-360
    • (1976) Journal of Financial Economics , vol.3 , pp. 305-360
    • Jensen, M.1    Meckling, W.2
  • 22
    • 0000862461 scopus 로고
    • Earnings management during import relief investigations
    • J. Jones Earnings management during import relief investigations Journal of Accounting Research 29 1991 193-228
    • (1991) Journal of Accounting Research , vol.29 , pp. 193-228
    • Jones, J.1
  • 23
    • 0004239766 scopus 로고    scopus 로고
    • The numbers game
    • New York, NY: Remarks delivered at the NYU Center for Law and Business
    • A. Levitt The numbers game 1998 Remarks delivered at the NYU Center for Law and Business New York, NY
    • (1998)
    • Levitt, A.1
  • 25
    • 0012603573 scopus 로고    scopus 로고
    • Linking pay to performance - Compensation proposals in the S&P 500
    • A. Morgan A. Poulsen Linking pay to performance - compensation proposals in the S&P 500 Journal of Financial Economics 62 2001 489-523
    • (2001) Journal of Financial Economics , vol.62 , pp. 489-523
    • Morgan, A.1    Poulsen, A.2
  • 27
    • 29244457725 scopus 로고    scopus 로고
    • Booms, bust and fraud
    • Unpublished working paper. University of Minnesota
    • Povel, P., Singh, R., Winton, A., 2003. Booms, bust and fraud. Unpublished working paper. University of Minnesota.
    • (2003)
    • Povel, P.1    Singh, R.2    Winton, A.3
  • 28
    • 3843098704 scopus 로고    scopus 로고
    • Predicting earnings management: The case of earnings restatements
    • Unpublished working paper. University of Michigan
    • Richardson, S., Tuna, I., Wu, M., 2003. Predicting earnings management: the case of earnings restatements. Unpublished working paper. University of Michigan.
    • (2003)
    • Richardson, S.1    Tuna, I.2    Wu, M.3
  • 29
    • 38249038899 scopus 로고
    • Insider's profit, costs of trading and market efficiency
    • N. Seyhun Insider's profit, costs of trading and market efficiency Journal of Financial Economics 16 1986 189-212
    • (1986) Journal of Financial Economics , vol.16 , pp. 189-212
    • Seyhun, N.1
  • 30
    • 0002857961 scopus 로고
    • Accounting earnings and top executive compensation
    • R. Sloan Accounting earnings and top executive compensation Journal of Accounting and Economics 16 1993 55-100
    • (1993) Journal of Accounting and Economics , vol.16 , pp. 55-100
    • Sloan, R.1
  • 33
    • 0000370948 scopus 로고    scopus 로고
    • Earnings management and the long-run market performance of initial public offerings
    • S. Teoh I. Welch T. Wong Earnings management and the long-run market performance of initial public offerings The Journal of Finance 53 1998 1935-1974
    • (1998) The Journal of Finance , vol.53 , pp. 1935-1974
    • Teoh, S.1    Welch, I.2    Wong, T.3
  • 34
    • 0000399928 scopus 로고
    • Do corporations award CEO stock options effectively?
    • D. Yermack Do corporations award CEO stock options effectively? Journal of Financial Economics 39 1995 237-269
    • (1995) Journal of Financial Economics , vol.39 , pp. 237-269
    • Yermack, D.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.