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Can Managerial Knowledge Of Executive Compensation Encourage Or Deter Real Earnings Management? An Analysis Of R&D Reporting Methods, Andrea Gouldman
Can Managerial Knowledge Of Executive Compensation Encourage Or Deter Real Earnings Management? An Analysis Of R&D Reporting Methods, Andrea Gouldman
Theses and Dissertations
This study examines the effects of research and development (R&D) reporting method and managerial knowledge of supervisor compensation on R&D project continuation decisions. The current study employs an experiment with a 2x3 between-participants design, manipulating both R&D reporting method (expense vs. capitalize) and knowledge of supervisor compensation (control group with no knowledge vs. knowledge of non-restricted stock compensation vs. knowledge of restricted stock compensation). Using salient short-term incentives to motivate real earnings management, this study demonstrates that capitalization may result in managers foregoing economically efficient R&D investment opportunities. The results indicate that managerial knowledge of supervisor compensation structure has little …
Insider Entrenchment And Ceo Compensation In Entrepreneurial Firms: An Empirical Investigation, Arno Forst
Insider Entrenchment And Ceo Compensation In Entrepreneurial Firms: An Empirical Investigation, Arno Forst
Theses and Dissertations
This study investigates the effects of insider entrenchment on Chief Executive Officer (CEO) compensation in firms conducting an initial public offering (IPO). The sample comprises 220 US firms that went public between 1996 and 2002. Corporate governance choices regarding entrenchment are captured by six provisions in the corporate charter and bylaws, as well as five anti-takeover statutes, which may or may not be in effect in the state of incorporation. Firm-level items are supermajority requirements for charter amendments, bylaws amendments, and merger approvals, along with the presence or absence of a staggered board of directors, poison pills, and golden parachute …