Feng, Mei; Ge, Weili; Luo, Shuqing; Shevlin, Terry - In: Journal of Accounting and Economics 51 (2011) 1-2, pp. 21-36
This paper examines why CFOs become involved in material accounting manipulations. We find that while CFOs bear substantial legal costs when involved in accounting manipulations, these CFOs have similar equity incentives to the CFOs of matched non-manipulation firms. In contrast, CEOs of...
