conjectures of prior research, our results show that the removal of favorable accounting treatment for stock options post SFAS 123 … financial reporting standards by providing evidence that the leveling of accounting treatment for different forms of equity … actual consequences of a heavily debated accounting standard change, this study also provides important policy implications …

.e., volatility of sales volume), which supports the prediction of agency theory. Importantly, findings indicate that branch managers …

, accounting rules, legislation, and the general political climate. A major theme of this study is that government intervention has …

Incentive effects of performance-based compensation schemes for management may be weakened or biased by macroeconomic …

in the CAC 40, the French stock exchange index. The question of incentives for managers has been generally analysed in … themselves with the interests of other concerned parties. The results of our research show that the executive managers are …