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 en_US
收錄於
會議性質 國際
校內研討會地點 無
研討會時間 20180727~20180729
通訊作者 Hui-Wen Tang
國別 SGP
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)
相關連結

機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/116194 )