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Earnings Manipulation and Managerial Investment Decisions: Evidence from Sponsored Pension Plans

Bergstresser, Daniel Baird; Desai, Mihir A.; Rauh, Joshua - National Bureau of Economic Research (NBER) - 2004

Managers appear to manipulate firm earnings when they characterize pension assets to capital markets and alter … earnings to the assumed long-term rate of return on pension assets. Managers are more aggressive with assumed long-term rates … of return when their assumptions have a greater impact on reported earnings. Managers also increase assumed rates of …

Persistent link: https://www.econbiz.de/10005718617

Footnotes Aren't Enough: The Impact of Pension Accounting on Stock Values

Mitchell, Olivia; Coronado, Julia; Sharpe, Steven A.; … - National Bureau of Economic Research (NBER) - 2008

finances is relegated to footnotes, but might not receive much attention from portfolio managers. But dramatic swings in the …

Persistent link: https://www.econbiz.de/10005088948

Salary or Benefits?

Oyer, Paul - National Bureau of Economic Research (NBER) - 2005

Employer-provided benefits are a large and growing share of compensation costs. In this paper, I consider three factors that can affect the value created by employer-sponsored benefits. First, firms have a comparative advantage (for example, due to scale economies or tax treatment) in purchasing...

Persistent link: https://www.econbiz.de/10005087439

Does Linking Worker Pay to Firm Performance Help the Best Firms Do Even Better?

Freeman, Richard B.; Kruse, Douglas L.; Blasi, Joseph R. - National Bureau of Economic Research (NBER) - 2012

This paper analyzes the linkages among group incentive methods of compensation, labor practices, worker assessments of workplace culture, turnover, and firm performance in a non-representative sample of companies: firms that applied to the "100 Best Companies to Work For in America" competition...

Persistent link: https://www.econbiz.de/10009397142

Executive Compensation: Facts

Cooley, Thomas; Clementi, Gian Luca - National Bureau of Economic Research (NBER) - 2009

In this paper we describe the important features of executive compensation in the US from 1993 to 2006. Some confirm what has been found for earlier periods and some are novel. Important facts about compensation are that: the compensation distribution is highly skewed; each year, a sizeable...

Persistent link: https://www.econbiz.de/10008627158

Wage and Labor Mobility in Denmark, 1980-2000

Eriksson, Tor; Westergård-Nielsen, Niels … - National Bureau of Economic Research (NBER) - 2007

This paper consists of three parts. First, we briefly describe some key features of the labor market in Denmark, some of which contribute to the Danish labor markets behaving quite differently from those in many other European countries. The next two parts exploit detailed linked...

Persistent link: https://www.econbiz.de/10005714655

Wage Structure and Labor Mobility in Norway 1980-1997

Salvanes, Kjell G; Hunnes, Arngrim; Møen, Jarle - National Bureau of Economic Research (NBER) - 2007

To what extent do different firms follow different wage policies? How do such policies affect worker mobility between firms, and what are the effects of different wage bargaining regimes? The empirical branch of personnel economics has long been hampered by a lack of representative data sets....

Persistent link: https://www.econbiz.de/10005718189

The Flattening Firm and Product Market Competition: The Effect of Trade Liberalization

Guadalupe, Maria; Wulf, Julie - National Bureau of Economic Research (NBER) - 2008

competition leads firms to become flatter, i.e., (i) reduce the number of positions between the CEO and division managers (DM …

Persistent link: https://www.econbiz.de/10005718374

Pay Inequality, Pay Secrecy, and Effort: Theory and Evidence

Charness, Gary; Kuhn, Peter - National Bureau of Economic Research (NBER) - 2005

We study worker and firm behavior in an efficiency-wage environment where co-workers' wages may potentially influence a worker's effort. Theoretically, we show that an increase in workers' responsiveness to co-workers' wages should lead profit-maximizing firms to compress wages under quite...

Persistent link: https://www.econbiz.de/10005828920

Managerial Incentives and Value Creation: Evidence from Private Equity

Oyer, Paul; Leslie, Phillip - National Bureau of Economic Research (NBER) - 2008

We analyze the differences between companies owned by private equity (PE) investors and similar public companies. We document that PE-owned companies use much stronger incentives for their top executives and have substantially higher debt levels. However, we find little evidence that PE-owned...

Persistent link: https://www.econbiz.de/10005829305