Accounting earnings and executive compensation: The role of earnings persistence

被引：114

作者：

Baber, WR

Kang, SH

Kumar, KR

机构：

[1] George Washington Univ, Sch Business & Publ Management, Washington, DC 20052 USA

[2] Yale Univ, Sch Management, New Haven, CT 06520 USA

来源：

JOURNAL OF ACCOUNTING & ECONOMICS | 1998年 / 25卷 / 02期

关键词：

earnings persistence; executive compensation; horizon problem;

D O I：

10.1016/S0165-4101(98)00021-4

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

A cross-sectional analysis of cash compensation paid to CEOs of 713 US firms reveals that the sensitivity of compensation to earnings varies directly with earnings persistence. Additional analysis indicates that this sensitivity is greater for cases where executives are approaching retirement. Such evidence suggests the use of earnings persistence to counterbalance adverse consequences of earnings-based contracting with managers who face finite decision horizons. (C) 1998 Elsevier Science B.V. All rights reserved.

引用

页码：169 / 193

页数：25

共 59 条

[1] THE EFFECT OF LIFO-SWITCHING AND FIRM OWNERSHIP ON EXECUTIVES PAY [J].

ABDELKHALIK, AR .

JOURNAL OF ACCOUNTING RESEARCH, 1985, 23 (02) :427-447

[2] PERMANENT VERSUS TRANSITORY COMPONENTS OF ANNUAL EARNINGS AND ESTIMATION ERROR IN EARNINGS RESPONSE COEFFICIENTS [J].

ALI, A ;

ZAROWIN, P .

JOURNAL OF ACCOUNTING & ECONOMICS, 1992, 15 (2-3) :249-264

[3] THE MAGNITUDES OF FINANCIAL STATEMENT EFFECTS AND ACCOUNTING CHOICE - THE CASE OF THE ADOPTION OF SFAS-87 [J].

ALI, A ;

KUMAR, KR .

JOURNAL OF ACCOUNTING & ECONOMICS, 1994, 18 (01) :89-114

[4] THE ROLE OF EARNINGS LEVELS IN ANNUAL EARNINGS RETURNS STUDIES [J].

ALI, A ;

ZAROWIN, P .

JOURNAL OF ACCOUNTING RESEARCH, 1992, 30 (02) :286-296

[5] AN EMPIRICAL-INVESTIGATION OF THE RELATIVE PERFORMANCE EVALUATION OF CORPORATE-EXECUTIVES [J].

ANTLE, R ;

SMITH, A .

JOURNAL OF ACCOUNTING RESEARCH, 1986, 24 (01) :1-39

[6] Investment opportunities and the structure of executive compensation [J].

Baber, WR ;

Janakiraman, SN ;

Kang, SH .

JOURNAL OF ACCOUNTING & ECONOMICS, 1996, 21 (03) :297-318

[7] SENSITIVITY, PRECISION, AND LINEAR AGGREGATION OF SIGNALS FOR PERFORMANCE EVALUATION [J].

BANKER, RD ;

DATAR, SM .

JOURNAL OF ACCOUNTING RESEARCH, 1989, 27 (01) :21-39

[8]

Beaver W., 1980, Journal of Accounting and Economics, V2, P3, DOI 10.1016/0165-4101(80)90013-0

[9]

Beaver W., 1998, FINANCIAL REPORTING

[10]

Beaver W., 1970, J ACCOUNT RES, V8, P62, DOI [10.2307/2674693, DOI 10.2307/2674693]

← 1 2 3 4 5 6 →