Recent accounting research finds that the discretionary accrual component of earnings communicates managers' private …--is associated with negative stock price effects when managers make income-increasing accruals. Opportunism that benefits … when managers make income-increasing accruals. The paper focuses on the incentives managers face in reporting earnings, and …

executive compensation and is more difficult to monitor. This paper examines whether managers use real earnings management in … opportunity. We find evidence that managers who have SERPs in place are significantly more likely to choose ASRs versus OMRs. We …

Performance-based pay is an important instrument to align the interests of managers with the interests of shareholders …. However, recent evidence suggests that high-powered incentives also provide managers with incentives to manipulate the firm …'s reported earnings. The previous literature has focused primarily on Chief Executive Officers, but managers further down in the …

We provide empirical evidence that managers smooth earnings using discretionary R&D spending (i.e., real smoothing …

by high-ability managers; and, 3) Disclose non-GAAP earnings more aggressively. Importantly, we also find that these … insider sales enable managers to avoid statistically significant negative abnormal returns. Our research demonstrates the …