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Internal versus external earnings per share goals and CEO incentives

Armstrong, Christopher; Chau, Jacky; Ittner, Christopher D. - 2017

We examine differences in CEO achievement of EPS goals set separately through analyst forecasts and firm bonus plans. Having different goals for the same performance metric enables us to assess their relative importance in incentivizing CEOs. We find CEOs frequently achieve analyst forecasts,...

Persistent link: https://www.econbiz.de/10011800636

The Effect of CEO Stock-Based Compensation on the Pricing of Future Earnings

Choi, Bobae - 2016

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 prices. In contrast, when equity-compensated managers attempt to …

Persistent link: https://www.econbiz.de/10012995653

Are CEOS Really Paid Like Bureaucrats?

Hall, Brian J.; Liebman, Jeffrey B. - 2001

The common view of CEO compensation is that there is essentially no correlation between firm performance and CEO pay. This calls into question an important component of effective corporate governance. This "zero correlation" belief is based on the widely cited result that CEO wealth rises by...

Persistent link: https://www.econbiz.de/10014040659

Are CEOS Really Paid Like Bureaucrats?

Hall, Brian J.; Liebman, Jeffrey B. - 2021

A common view of CEO compensation is that there is essentially no correlation between firm performance and CEO pay. This calls into question an important component of effective corporate governance. This zero correlation' belief is based on the widely cited result that CEO wealth rises by only...

Persistent link: https://www.econbiz.de/10013310217

Are CEOs really paid like bureaucrats ?

Hall, Brian J. - 1997

Persistent link: https://www.econbiz.de/10013361106

Top management team incentive dispersion and earnings quality

Kim, Taejin; Kyung, Hangsoo; Ng, Jeff - In: Contemporary accounting research : the journal of the … 39 (2022) 3, pp. 1949-1985

Persistent link: https://www.econbiz.de/10013464870

Earnings Smoothing, Cash Flow Volatility, and CEO Cash Bonus

Das, Somnath - 2012

Prior studies generally relate managers' decisions to smooth earnings to their desire to maximize their overall …

Persistent link: https://www.econbiz.de/10013109289

Managerial incentive problems and return distributions

Szalay, Dezső; Yokeeswaran, Venuga - 2014

We study a model of managerial incentive problems where a manager chooses the first two moments of his firm's profit … distribution - mean and volatility - along an efficient frontier. Assuming that managers differ with respect to their marginal cost … of effort and their risk aversion we explore our model's comparative statics predictions in full detail. If managers …

Persistent link: https://www.econbiz.de/10010457192

Die Vergütung der DAX-30-Vorstände im Spannungsfeld von Kapitalmarkt und Expertenbeurteilungen : Ergebnisse einer empirischen Untersuchung zur Managemententlohnung

Hitz, Jörg-Markus; Sabiwalsky, Ralf - In: Zeitschrift für Corporate Governance : ZCG; Leitung … 3 (2008) 5, pp. 208-215

Persistent link: https://www.econbiz.de/10003757465

Disclosure quality and management trading incentives

Rogers, Jonathan L. - In: Journal of accounting research 46 (2008) 5, pp. 1265-1296

Persistent link: https://www.econbiz.de/10003783997