The report explains why accounting is not a purely mechanical activity, but is affected by the incentives of those … involved in the accounting process and by surrounding institutions, which help shape incentives and facilitate and constrain … how differences in incentives and institutions affect financial reporting outcomes. An appendix to the report includes a …

We examine the relation between managerial incentives and disclosure. Specifically, we examine how contracts that …. Collectively, our findings suggest that managerial incentives can motivate managers to abandon the novel “disclosure substitution …

-performance sensitivity). Our findings are consistent with theoretical predictions that outside owners approve of equity incentives as a means …-based incentives are related to voting outcomes and that shareholders incorporate CFO incentives into their votes. Collectively, these … results provide evidence of the importance of equity-based incentives from the perspective of those most concerned with firm …

incentives, the level and structure of executive compensation, and firm performance. We operationalize the board's discretion in …. However, it also creates a hold-up problem that undermines CEOs' investment incentives and firm profit. Conversely, the …

importance of incentives in shaping accounting information. We provide early evidence on this debate by investigating the effects … sample of German and Italian firms and find that firm-, region-, and country-level incentives systematically shape accounting … compliance. We then use the identified compliance incentives to explain the variance in the comparability effect of mandatory …