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On the Relevance and Composition of Gifts within the Firm : Evidence from Field Experiments
Shearer, Bruce - 2009
this firm, increasing in importance when the workers' outside alternatives deteriorate. Profit-maximizing gifts would …We investigate the economic relevance and the composition of gifts within a firm where output is contractible. We … develop a structural econometric model that identifies workers' optimal reaction to monetary gifts received from their …
Persistent link: https://www.econbiz.de/10013157254
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On the Relevance and Composition of Gifts within the Firm : Evidence from Field Experiments
Bellemare, Charles; Shearer, Bruce - 2009
this firm, increasing in importance when the workers’ outside alternatives deteriorate. Profit-maximizing gifts would …We investigate the economic relevance and the composition of gifts within a firm where output is contractible. We … develop a structural econometric model that identifies workers’ optimal reaction to monetary gifts received from their …
Persistent link: https://www.econbiz.de/10014205491
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On the relevance and composition of gifts within the firm : evidence from field experiments
Bellemare, Charles; Shearer, Bruce S. - In: International economic review 52 (2011) 3, pp. 855-882
Persistent link: https://www.econbiz.de/10009379463
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The Effect of CEO Stock-Based Compensation on the Pricing of Future Earnings
Choi, Bobae - 2016
This paper examines whether CEO stock-based compensation has an effect on the market's ability to predict future earnings. When stock-based compensation motivates managers to share their private information with shareholders, it will expedite the pricing of future earnings in current stock...
Persistent link: https://www.econbiz.de/10012995653
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Are CEOs Compensated for Value Destroying Growth in Earnings?
Balachandran, Sudhakar V. - 2011
Prior research shows that firms generating earnings growth by improving profitability create shareholder value, while firms generating earnings growth through investment destroy value. This paper examines whether compensation committees consider this while determining CEO compensation. We first...
Persistent link: https://www.econbiz.de/10013132985
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Managerial Risk-Taking Incentives and Non-GAAP Earnings Disclosures
Bansal, Naresh - 2014
We investigate the association between risk-taking incentives provided by stock-based compensation arrangements and non-GAAP financial disclosures. Controlling for compensation to stock price sensitivity, we find that managers with higher compensation to stock volatility sensitivity (vega) are...
Persistent link: https://www.econbiz.de/10013066564
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Signaling Before the Deadline : Management Earnings Forecasts before the Performance Shares Award Evaluation Date
Xie, Jing; Cheng, Agnes; Zheng, Lingyi - 2022
We find that CEOs issue significantly more favorable management earnings forecasts (MEFs), relative to the prevailing analyst consensus, to boost stock prices when approaching performance evaluation end dates. The effect is more pronounced for firms with lower past stock returns and when award...
Persistent link: https://www.econbiz.de/10013295484
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Bonus gift card programs : a methodology to measure the impact on revenue and profit
Norvell, Tim; Horky, Alisha Blakeney - In: The international review of retail, distribution and … 28 (2018) 4, pp. 397-413
Persistent link: https://www.econbiz.de/10011962061
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Real Earnings Smoothing and Managerial Compensation Incentives
Chen, Changling - 2019
We provide empirical evidence that managers smooth earnings using discretionary R&D spending (i.e., real smoothing) when managerial compensation packages contain high risk-taking incentives. Specifically, we find that real smoothing is related to both the sensitivity of executive wealth to a...
Persistent link: https://www.econbiz.de/10012894937
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Does Equity-based Compensation Cause Firms to Manage Earnings Per Share?
Gao, Xing - 2020
Equity-based compensation causes increases in firms' share count and dilutes Earnings Per Share (EPS), which provides firms with an incentive to raise EPS using either share buybacks or earnings management. We employ a regression discontinuity framework to provide evidence of a causal link...
Persistent link: https://www.econbiz.de/10012853424