메뉴 건너뛰기




Volumn 27, Issue 5, 2008, Pages 374-393

Accounting fundamentals and CEO bonus compensation

Author keywords

Accounting fundamentals; Bonus compensation; Compensation committees; Executive compensation

Indexed keywords


EID: 50649091120     PISSN: 02784254     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jaccpubpol.2008.07.006     Document Type: Article
Times cited : (72)

References (55)
  • 1
    • 0031285990 scopus 로고    scopus 로고
    • Fundamental analysis, future earnings, and stock prices
    • Abarbanell J., and Bushee B. Fundamental analysis, future earnings, and stock prices. Journal of Accounting Research 35 1 (1997) 1-24
    • (1997) Journal of Accounting Research , vol.35 , Issue.1 , pp. 1-24
    • Abarbanell, J.1    Bushee, B.2
  • 2
    • 0032220831 scopus 로고    scopus 로고
    • Abnormal returns to a fundamental analysis strategy
    • Abarbanell J., and Bushee B. Abnormal returns to a fundamental analysis strategy. The Accounting Review 73 1 (1998) 19-45
    • (1998) The Accounting Review , vol.73 , Issue.1 , pp. 19-45
    • Abarbanell, J.1    Bushee, B.2
  • 3
    • 0037288644 scopus 로고    scopus 로고
    • Restructuring charges and CEO cash compensation: A reexamination
    • Adut D., Cready W., and Lopez T. Restructuring charges and CEO cash compensation: A reexamination. The Accounting Review 78 1 (2003) 169-192
    • (2003) The Accounting Review , vol.78 , Issue.1 , pp. 169-192
    • Adut, D.1    Cready, W.2    Lopez, T.3
  • 4
    • 0002217405 scopus 로고
    • An empirical investigation of the relative performance evaluation of corporate executives
    • Antle R., and Smith A. An empirical investigation of the relative performance evaluation of corporate executives. Journal of Accounting Research 24 1 (1986) 1-39
    • (1986) Journal of Accounting Research , vol.24 , Issue.1 , pp. 1-39
    • Antle, R.1    Smith, A.2
  • 5
    • 0033236336 scopus 로고    scopus 로고
    • The explanatory power of earnings levels vs. earnings changes in the context of executive compensation
    • Baber W., Kang S., and Kumar K. The explanatory power of earnings levels vs. earnings changes in the context of executive compensation. The Accounting Review 74 4 (1999) 459-472
    • (1999) The Accounting Review , vol.74 , Issue.4 , pp. 459-472
    • Baber, W.1    Kang, S.2    Kumar, K.3
  • 6
    • 21844512599 scopus 로고
    • Subjective performance measures in optimal incentive contracts
    • Baker G., Gibbons R., and Murphy K. Subjective performance measures in optimal incentive contracts. The Quarterly Journal of Economics 109 4 (1994) 1125-1156
    • (1994) The Quarterly Journal of Economics , vol.109 , Issue.4 , pp. 1125-1156
    • Baker, G.1    Gibbons, R.2    Murphy, K.3
  • 7
    • 0033235090 scopus 로고    scopus 로고
    • Market rewards associated with increasing earnings patterns
    • Barth M., Elliott J., and Finn M. Market rewards associated with increasing earnings patterns. Journal of Accounting Research 37 2 (1999) 387-414
    • (1999) Journal of Accounting Research , vol.37 , Issue.2 , pp. 387-414
    • Barth, M.1    Elliott, J.2    Finn, M.3
  • 11
    • 18944372804 scopus 로고    scopus 로고
    • A temporal analysis of quarterly earnings thresholds: Propensities and valuation consequences
    • Brown L., and Caylor M. A temporal analysis of quarterly earnings thresholds: Propensities and valuation consequences. The Accounting Review 80 2 (2005) 423-440
    • (2005) The Accounting Review , vol.80 , Issue.2 , pp. 423-440
    • Brown, L.1    Caylor, M.2
  • 12
    • 0000108966 scopus 로고    scopus 로고
    • Financial accounting information and corporate governance
    • Bushman R., and Smith A. Financial accounting information and corporate governance. Journal of Accounting and Economics 32 1-3 (2001) 237-333
    • (2001) Journal of Accounting and Economics , vol.32 , Issue.1-3 , pp. 237-333
    • Bushman, R.1    Smith, A.2
  • 14
    • 0002688589 scopus 로고
    • Executive bonus plans and accounting trade-offs: The case of the oil and gas industry, 1985-1986
    • Chen K., and Lee C. Executive bonus plans and accounting trade-offs: The case of the oil and gas industry, 1985-1986. The Accounting Review 70 1 (1995) 91-111
    • (1995) The Accounting Review , vol.70 , Issue.1 , pp. 91-111
    • Chen, K.1    Lee, C.2
  • 15
    • 0001650996 scopus 로고    scopus 로고
    • Corporate governance, chief executive officer compensation, and firm performance
    • Core J., Holthausen R., and Larcker D. Corporate governance, chief executive officer compensation, and firm performance. Journal of Financial Economics 51 3 (1999) 371-406
    • (1999) Journal of Financial Economics , vol.51 , Issue.3 , pp. 371-406
    • Core, J.1    Holthausen, R.2    Larcker, D.3
  • 16
    • 0012533538 scopus 로고    scopus 로고
    • Executive compensation and incentives: A survey
    • Core J., Guay W., and Larcker D. Executive compensation and incentives: A survey. Economic Policy Review 9 1 (2003) 27-50
    • (2003) Economic Policy Review , vol.9 , Issue.1 , pp. 27-50
    • Core, J.1    Guay, W.2    Larcker, D.3
  • 17
    • 0242511198 scopus 로고    scopus 로고
    • Price versus non-price performance measures in optimal CEO compensation contracts
    • Core J., Guay W., and Verrechia R. Price versus non-price performance measures in optimal CEO compensation contracts. The Accounting Review 78 4 (2003) 957-981
    • (2003) The Accounting Review , vol.78 , Issue.4 , pp. 957-981
    • Core, J.1    Guay, W.2    Verrechia, R.3
  • 18
    • 21344482592 scopus 로고
    • The effect of restructuring charges on executives' cash compensation
    • Dechow P., Huson M., and Sloan R. The effect of restructuring charges on executives' cash compensation. The Accounting Review 69 1 (1994) 138-156
    • (1994) The Accounting Review , vol.69 , Issue.1 , pp. 138-156
    • Dechow, P.1    Huson, M.2    Sloan, R.3
  • 21
    • 23944509011 scopus 로고    scopus 로고
    • Earnings management? The shapes of the frequency distributions of earnings metrics are not evidence ipso facto
    • Durtschi C., and Easton P. Earnings management? The shapes of the frequency distributions of earnings metrics are not evidence ipso facto. Journal of Accounting Research 43 4 (2005) 557-592
    • (2005) Journal of Accounting Research , vol.43 , Issue.4 , pp. 557-592
    • Durtschi, C.1    Easton, P.2
  • 22
    • 0346045794 scopus 로고    scopus 로고
    • The shielding of CEO compensation from the effects of strategic expenditures
    • Duru A., Iyengar R., and Thevaranjan A. The shielding of CEO compensation from the effects of strategic expenditures. Contemporary Accounting Research 19 2 (2002) 175-193
    • (2002) Contemporary Accounting Research , vol.19 , Issue.2 , pp. 175-193
    • Duru, A.1    Iyengar, R.2    Thevaranjan, A.3
  • 23
    • 0032220236 scopus 로고    scopus 로고
    • The relation between nonrecurring accounting transactions and CEO cash compensation
    • Gaver J., and Gaver K. The relation between nonrecurring accounting transactions and CEO cash compensation. The Accounting Review 73 2 (1998) 235-253
    • (1998) The Accounting Review , vol.73 , Issue.2 , pp. 235-253
    • Gaver, J.1    Gaver, K.2
  • 27
    • 0000264179 scopus 로고
    • Corporate earnings and financing: An empirical analysis
    • Hansen R., and Crutchley C. Corporate earnings and financing: An empirical analysis. Journal of Business 63 3 (1990) 349-371
    • (1990) Journal of Business , vol.63 , Issue.3 , pp. 349-371
    • Hansen, R.1    Crutchley, C.2
  • 28
    • 0034414289 scopus 로고    scopus 로고
    • Implicit contracts and the explanatory power of top executive compensation for future performance
    • Hayes R., and Schaefer S. Implicit contracts and the explanatory power of top executive compensation for future performance. Rand Journal of Economics 31 2 (2000) 273-293
    • (2000) Rand Journal of Economics , vol.31 , Issue.2 , pp. 273-293
    • Hayes, R.1    Schaefer, S.2
  • 30
    • 0036807859 scopus 로고    scopus 로고
    • Executive target bonuses and what they imply about performance standards
    • Indjejikian R., and Nanda D. Executive target bonuses and what they imply about performance standards. The Accounting Review 77 4 (2002) 793-819
    • (2002) The Accounting Review , vol.77 , Issue.4 , pp. 793-819
    • Indjejikian, R.1    Nanda, D.2
  • 31
    • 0000837714 scopus 로고    scopus 로고
    • Innovations in performance measurement: Trends and research implications
    • Ittner C., and Larcker D. Innovations in performance measurement: Trends and research implications. Journal of Management Accounting Research 10 1 (1998) 205-238
    • (1998) Journal of Management Accounting Research , vol.10 , Issue.1 , pp. 205-238
    • Ittner, C.1    Larcker, D.2
  • 32
    • 0001393705 scopus 로고    scopus 로고
    • Assessing empirical research in managerial accounting: A value-based management perspective
    • Ittner C., and Larcker D. Assessing empirical research in managerial accounting: A value-based management perspective. Journal of Accounting and Economics 32 1-3 (2001) 349-410
    • (2001) Journal of Accounting and Economics , vol.32 , Issue.1-3 , pp. 349-410
    • Ittner, C.1    Larcker, D.2
  • 33
    • 0031287876 scopus 로고    scopus 로고
    • The choice of performance measures in annual bonus contracts
    • Ittner C., Larcker D., and Rajan M. The choice of performance measures in annual bonus contracts. The Accounting Review 72 2 (1997) 231-255
    • (1997) The Accounting Review , vol.72 , Issue.2 , pp. 231-255
    • Ittner, C.1    Larcker, D.2    Rajan, M.3
  • 34
    • 84936016411 scopus 로고
    • Performance pay and top management incentives
    • Jensen M., and Murphy K. Performance pay and top management incentives. Journal of Political Economy 98 2 (1990) 225-263
    • (1990) Journal of Political Economy , vol.98 , Issue.2 , pp. 225-263
    • Jensen, M.1    Murphy, K.2
  • 36
    • 0001849066 scopus 로고
    • An analysis of the use of accounting and market measures of performance in executive compensation contracts
    • Lambert R., and Larcker D. An analysis of the use of accounting and market measures of performance in executive compensation contracts. Journal of Accounting Research 25 3 (1987) 85-125
    • (1987) Journal of Accounting Research , vol.25 , Issue.3 , pp. 85-125
    • Lambert, R.1    Larcker, D.2
  • 38
    • 3342957009 scopus 로고    scopus 로고
    • CEO pay: Facts and fallacies
    • Lorsch J. CEO pay: Facts and fallacies. The Corporate Board 20 116 (1999) 1-7
    • (1999) The Corporate Board , vol.20 , Issue.116 , pp. 1-7
    • Lorsch, J.1
  • 39
    • 0039054770 scopus 로고    scopus 로고
    • The operating performance of firms conducting seasoned equity offerings
    • Loughran T., and Ritter J. The operating performance of firms conducting seasoned equity offerings. Journal of Finance 52 5 (1997) 1823-1850
    • (1997) Journal of Finance , vol.52 , Issue.5 , pp. 1823-1850
    • Loughran, T.1    Ritter, J.2
  • 40
    • 0035598330 scopus 로고    scopus 로고
    • The effect of missing a quarterly earnings benchmark on the CEO's annual bonus
    • Matsunaga S., and Park C. The effect of missing a quarterly earnings benchmark on the CEO's annual bonus. The Accounting Review 76 3 (2001) 313-332
    • (2001) The Accounting Review , vol.76 , Issue.3 , pp. 313-332
    • Matsunaga, S.1    Park, C.2
  • 41
    • 63849343711 scopus 로고    scopus 로고
    • Unsnarling SG&A costs requires constant vigilance and a grip on complexity
    • Mintz S. Unsnarling SG&A costs requires constant vigilance and a grip on complexity. CFO Magazine 15 12 (1999) 44-53
    • (1999) CFO Magazine , vol.15 , Issue.12 , pp. 44-53
    • Mintz, S.1
  • 42
    • 22144438366 scopus 로고    scopus 로고
    • Separating winners from losers among low book-to-market stocks using financial statement analysis
    • Mohanram P. Separating winners from losers among low book-to-market stocks using financial statement analysis. Review of Accounting Studies 10 2-3 (2005) 133-170
    • (2005) Review of Accounting Studies , vol.10 , Issue.2-3 , pp. 133-170
    • Mohanram, P.1
  • 43
    • 0001833861 scopus 로고
    • Incentives, learning, and compensation: A theoretical and empirical investigation of managerial labor contracts
    • Murphy K. Incentives, learning, and compensation: A theoretical and empirical investigation of managerial labor contracts. Rand Journal of Economics 17 1 (1986) 59-76
    • (1986) Rand Journal of Economics , vol.17 , Issue.1 , pp. 59-76
    • Murphy, K.1
  • 44
    • 77951519785 scopus 로고    scopus 로고
    • Murphy, K., 1999. Executive compensation. In: O. Ashenfelter (Ed.), Handbook of Labor Economics. North Holland, Amsterdam, The Netherlands, pp. 2485-2563.
    • Murphy, K., 1999. Executive compensation. In: O. Ashenfelter (Ed.), Handbook of Labor Economics. North Holland, Amsterdam, The Netherlands, pp. 2485-2563.
  • 45
    • 84944830772 scopus 로고
    • The capital structure puzzle
    • Myers S. The capital structure puzzle. Journal of Finance 39 3 (1984) 575-592
    • (1984) Journal of Finance , vol.39 , Issue.3 , pp. 575-592
    • Myers, S.1
  • 46
    • 0030306682 scopus 로고    scopus 로고
    • Stewardship value of earnings components: Additional evidence on the determinants of executive compensation
    • Natarajan R. Stewardship value of earnings components: Additional evidence on the determinants of executive compensation. The Accounting Review 71 1 (1996) 1-22
    • (1996) The Accounting Review , vol.71 , Issue.1 , pp. 1-22
    • Natarajan, R.1
  • 48
    • 0011268359 scopus 로고    scopus 로고
    • Pay for performance? Government regulation and the structure of compensation contracts
    • Perry T., and Zenner M. Pay for performance? Government regulation and the structure of compensation contracts. Journal of Financial Economics 62 3 (2001) 453-488
    • (2001) Journal of Financial Economics , vol.62 , Issue.3 , pp. 453-488
    • Perry, T.1    Zenner, M.2
  • 49
    • 20144374716 scopus 로고    scopus 로고
    • Value investing: The use of historical financial statement information to separate winners from losers
    • Piotroski J. Value investing: The use of historical financial statement information to separate winners from losers. Journal of Accounting Research 38 3 (2000) 1-41
    • (2000) Journal of Accounting Research , vol.38 , Issue.3 , pp. 1-41
    • Piotroski, J.1
  • 51
    • 84986059552 scopus 로고    scopus 로고
    • Balanced scorecard: A rising trend in strategic performance measurement
    • Sim K., and Koh C. Balanced scorecard: A rising trend in strategic performance measurement. Measuring Business Excellence 5 2 (2001) 18-26
    • (2001) Measuring Business Excellence , vol.5 , Issue.2 , pp. 18-26
    • Sim, K.1    Koh, C.2
  • 52
    • 0002857961 scopus 로고
    • Accounting earnings and top executive compensation
    • Sloan R. Accounting earnings and top executive compensation. Journal of Accounting and Economics 16 1-3 (1993) 55-100
    • (1993) Journal of Accounting and Economics , vol.16 , Issue.1-3 , pp. 55-100
    • Sloan, R.1
  • 53
    • 0030305172 scopus 로고    scopus 로고
    • Do stock prices fully reflect information in accruals and cash flows about future earnings?
    • Sloan R. Do stock prices fully reflect information in accruals and cash flows about future earnings?. The Accounting Review 71 3 (1996) 289-315
    • (1996) The Accounting Review , vol.71 , Issue.3 , pp. 289-315
    • Sloan, R.1
  • 54
    • 58149364936 scopus 로고
    • Underperformance in long-run stock returns following seasoned equity offerings
    • Spiess K., and Affleck-Graves J. Underperformance in long-run stock returns following seasoned equity offerings. Journal of Financial Economics 38 3 (1995) 243-267
    • (1995) Journal of Financial Economics , vol.38 , Issue.3 , pp. 243-267
    • Spiess, K.1    Affleck-Graves, J.2
  • 55
    • 0000545801 scopus 로고    scopus 로고
    • Earnings management and the underperformance of seasoned equity offerings
    • Teoh S., Welch I., and Wong T. Earnings management and the underperformance of seasoned equity offerings. Journal of Financial Economics 50 1 (1998) 63-99
    • (1998) Journal of Financial Economics , vol.50 , Issue.1 , pp. 63-99
    • Teoh, S.1    Welch, I.2    Wong, T.3


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.