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To examine the impact of globalization on managerial compensation, we consider a matching model where firms compete both in the product market and in the managerial market. We show that globalization, that is, the simultaneous integration of product markets and managerial pools, leads to an...
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We contribute to the extensive literature on earnings management by examining the impact of earnings management … associated with more accrual earnings management, less real earnings management, and better mapping of accruals into cash flows …. Boards of directors reward this behaviour with better compensation under the perception that accrual earnings management is …
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CEOs are paid more in total compensation when management controls enough of the company's stock. However, such firms …
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holding requirements -- Net share retention requirements -- Other mechanisms for creating ownership -- Management stock …
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