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| Author: | Bergstresser, D. Philippon, T. |
| Title: | CEO incentives and earnings management |
| Journal: | Journal of Financial Economics
2006 : JUN, VOL. 80:3, p. 511-529 |
| Index terms: | compensation earnings executives incentives management stock options |
| Language: | eng |
| Abstract: | This article examines the relationship between managerial incentives and earnings management. According to the authors, the use of accruals to manipulate reported earnings is more likely at companies where the CEOs potential total compensation is more closely tied to the value of stock and option holdings. The authors also find that CEOs exercise unusually large numbers of options and sell large quantities of shares during years of high accruals. |
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