Unexpected Earnings, Abnormal Accruals, and Changes in CEO Bonuses

• المؤلفون الرئيسيون: CHEN, Chih-Ying, Liang, Jia-Wen, Lin, Stephen W. J.
• التنسيق: text
• اللغة: English
• منشور في: Institutional Knowledge at Singapore Management University 2007
• الموضوعات: Executive compensation; Earning surprises; Abmornal accruals; Pay-for-performance sensitivity; Accounting; Corporate Finance
• الوصول للمادة أونلاين: https://ink.library.smu.edu.sg/soa_research/283
• المؤسسة: Singapore Management University

Prior research has found that the market premium for positive unexpected earnings is greater than the penalty for negative unexpected earnings and that the earnings response coefficients for positive (negatie) unexpected earnings are lower (higher) if abnormal accruals are income-increasing. In this...