| Title: | CEO incentives and earnings management |
| Authors: | Bergstresser, Daniel Philippon, Thomas |
| Issue Date: | Dec-2004 |
| Series/Report no.: | FIN-05-007 |
| Abstract: | We provide evidence that the use of discretionary accruals to manipulate reported earnings is more pronounced at firms where the CEO’s potential total compensation is more closely tied to the value of stock and option holdings. In addition, during years of high accruals, CEOs exercise unusually large amounts of options and CEOs and other insiders sell large quantities of shares. |
| URI: | http://hdl.handle.net/2451/26408 |
| Appears in Collections: | Finance Working Papers |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| FIN-05-007.pdf | 118.88 kB | Adobe PDF | View/Open |
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