Earnings restatements, changes in CEO compensation, and firm performance

• المؤلفون الرئيسيون: CHENG, Qiang, Farber, David
• التنسيق: text
• اللغة: English
• منشور في: Institutional Knowledge at Singapore Management University 2008
• الموضوعات: Earnings restatements; Stock options; CEO compensation; Operating performance; Accounting; Corporate Finance
• الوصول للمادة أونلاين: https://ink.library.smu.edu.sg/soa_research/825; https://ink.library.smu.edu.sg/context/soa_research/article/1824/viewcontent/SSRN_id808344.pdf

Prior research finds that earnings restatements are linked to CEOs' excessive option-based compensation and equity holdings. In this paper, we investigate whether firms that experience earnings restatements recontract with their CEOs to reduce their option-based compensation and if so, whether...