Timing of earnings restatements: CEO equity compensation and market reaction
نویسندگان
چکیده
منابع مشابه
Board Committees , CEO Compensation , and Earnings Management ∗
We analyze the effect of committee formation on how corporate boards perform two main functions: setting CEO pay and overseeing the financial reporting process. The use of performance-based pay schemes induces the CEO to manipulate earnings, which leads to an increased need for board oversight. If the whole board is responsible for both functions, it is inclined to provide the CEO with a compen...
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We examine whether Basu’s (1997) differential timeliness metric and the related C-Score metric are effective in detecting predictable differences in conservatism surrounding corrections of overstated earnings. Cross-sectional and time-series analyses, employing 2132 firms making restatements during 1999–2005, suggest Basubased metrics capture variation in conservatism. Further, we find that inc...
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ژورنال
عنوان ژورنال: Accounting & Finance
سال: 2016
ISSN: 0810-5391
DOI: 10.1111/acfi.12220