Performance-based pay is an important instrument to align the interests of managers with the interests of shareholders …. However, recent evidence suggests that high-powered incentives also provide managers with incentives to manipulate the firm …'s reported earnings. The previous literature has focused primarily on Chief Executive Officers, but managers further down in the …

quality managers are weeded out by the firm, and 2) high quality managers leave because firms are unable to adjust their …

the different roles of stock holdings and option holdings in solving agency problems, managers may smooth past earnings … holdings aligning the interests of managers and shareholders, and managers using discretionary accruals to smooth past earnings … risk-taking by managers, and managers use discretionary accruals to mask volatility of less predictable earnings. Thus, we …

In many organizational contexts, managers might have self-serving incentives whereby giving high evaluations to … employees comes at the expense of their own payoff. In this study, I examine the impact of managers’ self-serving incentives on … the collection and use of information for the purpose of subjective performance evaluation. I find that managers with self …

firm characteristics constant and focus on a particular managerial incentive. However, managers' responses to different … managers respond to stock price and risk-taking incentives differently depending on their opportunity sets …

disclosures. The results show that managers are able to influence the market's perception of earnings by using various … detailed reconciliation between GAAP and pro forma earnings, effectively reduces such influence by 1) discouraging managers …

This paper shows that in a model of managerial delegation in duopoly market structure, if the managers' salary varies … the proportion of the incentive scheme that the managers get as a part of their salary, i.e. in equilibrium owners will …