教師資料查詢 | 類別: 會議論文 | 教師: 湯惠雯 Hui-wen Tang (瀏覽個人網頁)

標題:CEO Compensation, Board Compensation and Earnings Management
學年106
學期2
發表日期2018/07/27
作品名稱CEO Compensation, Board Compensation and Earnings Management
作品名稱(其他語言)
著者Hui-Wen Tang; Roger C. Y. Chen
作品所屬單位
出版者
會議名稱The 19th Asia-Pacific Conference on Global Business, Economics, Finance and Banking (AP18 Singapore Conference)
會議地點Singapore
摘要This study investigates the relationship between excess director compensation and CEO compensation, and the influence of CEO compensation due to excess director compensation on earnings management using firms covered by Standard and Poor’s ExecuComp database during 2007 and 2016. The results show that the characteristics of board of directors, CEOs, and company have a significant impact on the compensations of directors and CEOs. Excess director total compensation, i.e., those cannot be explained by the above characteristics, has a significant positive influence on CEOs’ cash compensation, incentive awards, total compensation and the exercise value of stock options. The parts of CEO’s cash compensation, incentive compensation, total compensation and the exercise value of stock options, which are affected by excess director compensation, have positive and significant effects on aggregate earnings management. This result indicates that the higher the CEO’s compensations, which are affected by excess director compensation, the more the CEO will increase profits by manipulating earnings. This study infers that the increases in these parts of CEO compensations are likely to be the result of earnings management based on common interests between the CEO and the board of directors, rather than a company’s complicated business or high risk, which requires highly-professional CEOs to work together with the board.
關鍵字Director Compensation, CEO Compensation, Earnings Management, Firm Performance, Incentive Awards
語言英文(美國)
收錄於
會議性質國際
校內研討會地點
研討會時間20180727~20180729
通訊作者Hui-Wen Tang
國別新加坡
公開徵稿
出版型式
出處Proceedings of the 19th Asia-Pacific Conference on Global Business, Economics, Finance and Banking (AP18 Singapore Conference)
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