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IFRS and the Use of Accounting-Based Performance Measures in Executive Pay

Voulgaris, Georgios - 2012

We examine the effect of IFRS on the use of accounting-based performance measures for evaluating and rewarding managers …. We show that post-IFRS firms decrease the weight of Earnings-per-Share (EPS) based performance measures in CEO pay … contracts. We provide indications that IFRS add “noise” to accounting numbers which, based on optimal contracting theory, makes …

Persistent link: https://www.econbiz.de/10013114450

CEO Pay Contracts and IFRS Reconciliations

Voulgaris, Georgios - 2014

We examine whether UK managers exploited the discretion provided in the UK GAAP to IFRS reconciliation process to … existence of an accounting-related vesting target in their pay schemes, CEOs use UK GAAP to IFRS reconciliations as an earnings …

Persistent link: https://www.econbiz.de/10013067035

IFRS and the Use of Accounting-Based Performance Measures in Executive Pay

Voulgaris, Georgios; Stathopoulos, Konstantinos; … - In: The International Journal of Accounting 49 (2014) 4, pp. 479-514

We examine the effect of IFRS (International Financial Reporting Standards) on the type of performance measures firms … use to evaluate and reward their managers. We show that post-IFRS firms decrease the weight of Earnings-per-Share (EPS …)-based performance measures in CEO pay contracts. We argue that IFRS add “noise” to accounting numbers which, based on optimal …

Persistent link: https://www.econbiz.de/10011116256

Narrative disclosure quality and the timeliness of goodwill impairments

Iatridis, George; Pappas, Kostas; Walker, Martin - In: The British accounting review : the journal of the … 54 (2022) 2, pp. 1-24

Persistent link: https://www.econbiz.de/10013209876

Earnings management or forecast guidance to meet analyst expectations?

Athanasakou, Vasiliki; Strong, Norman; Walker, Martin - Manchester Business School - 2007

We examine whether UK firms engage in earnings management or forecast guidance over theperiod 1994−2002 in order to ensure that their reported earnings meet analyst earnings expectations.We explore two earnings management mechanisms: a) the use of positive abnormal working capitalaccruals and...

Persistent link: https://www.econbiz.de/10005870180

The market reward to achieving analyst earnings expectations: Does expectations or earnings management fool investors?

Athanasakou, Vasiliki; Strong, Norman; Walker, Martin - Manchester Business School - 2007

We explore the capital market consequences of achieving analyst earnings expectations,distinguishing between expectations achieved genuinely or through earnings guidance ormanagement. We examine an inclusive set of earnings management tools: real earningsmanagement, working capital accruals...

Persistent link: https://www.econbiz.de/10005870328

Does Chinese State Control Facilitate Relative Performance Evaluation?

Lee, Edward - 2012

Previous studies of relative performance evaluation (RPE) for executive compensations in Western developed markets have produced mixed findings. This is partly because the dispersion of share ownership in Western capital markets does not closely correspond with the single-principal/multi-agent...

Persistent link: https://www.econbiz.de/10013115242

The Impact of Executive Pay on the Disclosure of Alternative Earnings Per Share Figures

Grey, Colette - 2012

This paper investigates the motives for disclosing an alternative Earnings per Share (EPS) figure. In particular, we extend prior findings for the UK (Choi, Lin, Walker & Young, 2007) by highlighting the role of managerial contracting in the alternative EPS disclosure choice. We examine a...

Persistent link: https://www.econbiz.de/10013100636

The Influence of Conditional Conservatism on Ownership Dispersion : An International Analysis

Giner, Begoña - 2013

We study the influence of conditional accounting conservatism on domestic investor diversification decisions. We argue that a conservative accounting system that promotes the dissemination of bad news and which constrains managers from engaging in opportunistic activities reduces the need for...

Persistent link: https://www.econbiz.de/10013089258

Compensation Consultants and CEO Pay : UK Evidence

Voulgaris, Georgios - 2010

This paper provides new evidence on the effect of compensation consultants on CEO pay. We show that the use of a compensation consultant has an increasing effect on the level of total CEO compensation, which is consistent with the “ratcheting up” effect of consultants on CEO pay argued by...

Persistent link: https://www.econbiz.de/10013150380