discretionary current and non-current accruals. The CFO's cash bonus is used as a measure of short-term incentives and shares plus … results provide evidence that the earnings management behaviour of CFOs is associated with the type of CFO compensation …

. Using a comprehensive sample of top executives from 1992-2020, we estimate to what extent they trade firm equity held in … their portfolios to neutralize increments in ownership due to annual equity pay. Executives accommodate ownership increases … largely neutralized through comparable sales of unrestricted shares. Variation in stock trading responses across executives …