CEO firm-related wealth, managerial horizon, and earnings management

被引：0
|
作者：
Ngo, Anh [1 ]
Guha, Sanjib [2 ]
Pham, Chuong [3 ]
Chung, Philip [2 ]
机构：
[1] Norfolk State Univ, Sch Business, 700 Pk Ave, Norfolk, VA 23504 USA
[2] Christopher Newport Univ, Luter Sch Business, Newport News, VA USA
[3] Natl Econ Univ, Hanoi, Vietnam
来源：
JOURNAL OF CORPORATE ACCOUNTING AND FINANCE | 2022年 / 33卷 / 03期
关键词：
CEO firm-related wealth; earnings management; managerial horizon; pay-performance sensitivity; PERFORMANCE; STOCK; INCENTIVES;
D O I：
10.1002/jcaf.22556
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This paper examines the effects of the managerial horizon, CEO pay-performance sensitivity, and CEO firm-related wealth on earnings management. Using two measures of pay-performance sensitivity (CEODelta and CEOVega) in our regression analysis, we find that CEO pay-performance sensitivity significantly affects earnings management in the early years of the CEO's services, not in retirement years. We further examine the earnings management behavior surrounding the retirement years and find that the pay-performance sensitivity of CEO compensation is negatively associated with earnings management. Furthermore, the closer the retirement year, the lower level of earnings management observed in our sample. Finally, we further examine whether the CEOs' firm-related wealth affects earnings management during CEO tenure and find that CEO's firm-related wealth also has a pronounced effect on earnings management during the CEO tenure.
引用
收藏
页码：149 / 162
页数：14
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