This paper examines the association between managers' cash bonuses and discretionary accounting choices in a sample of German stock corporations from 2005 to 2007. We investigate managers' earnings management behavior with respect to their bonus compensation and the independence of outside...

The paper analyzes the interplay of product market competition and governance on CEO compensation in Italian listed firms from 2000 to 2011 and tests the impact of the 2007-08 financial crisis on pay-performance sensitivity. We argue that important differences both in the level of compensation...