Executive Compensation and Earnings Management Under Moral Hazard is popular PDF and ePub book, written by Bo Sun in 2010-08, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Executive Compensation and Earnings Management Under Moral Hazard can be Read Online from any device for your convenience.
Executive Compensation and Earnings Management Under Moral Hazard Book PDF Summary
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.
Detail Book of Executive Compensation and Earnings Management Under Moral Hazard PDF
- Author : Bo Sun
- Release : 01 August 2010
- Publisher : DIANE Publishing
- ISBN : 9781437930986
- Genre : Business & Economics
- Total Page : 33 pages
- Language : English
- PDF File Size : 21,5 Mb
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