請用此 Handle URI 來引用此文件:
http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/73389
完整後設資料紀錄
DC 欄位 | 值 | 語言 |
---|---|---|
dc.contributor.advisor | 廖芝嫻 | |
dc.contributor.author | Jia-An Lin | en |
dc.contributor.author | 林家安 | zh_TW |
dc.date.accessioned | 2021-06-17T07:32:05Z | - |
dc.date.available | 2019-07-02 | |
dc.date.copyright | 2019-07-02 | |
dc.date.issued | 2019 | |
dc.date.submitted | 2019-06-05 | |
dc.identifier.citation | Adam, R.B., Almeida, H., and Ferreira, D. 2005. Powerful CEOs and their impact on corporate performance. Review of Financial Studies 18 (4), 1403–1432.
Ahmed, A.S., and Duellman, S. 2007. Accounting conservatism and board of director characteristics: an empirical analysis. Journal of Accounting and Economics 43 (2–3), 411–437. Badertscher, B. 2011. Overvaluation and the choice of alternative earnings management mechanisms. The Accounting Review 86 (5), 1491–1518. Bebchuk, L.A., Cremers, K.J.M., and Peyer, U.C. 2011. The CEO pay slice. Journal of Finance and Economics 102 (1), 199–221. Bebchuk, L.A., and Fried, J.M. 2003. Executive compensation as an agency problem. Journal of Economic Perspectives 17 (3), 71–92. Bebchuk, L.A., Grinstein, Y., and Peyer, U. 2010. Lucky CEOs and lucky directors. The Journal of Finance 65 (6), 2363–2401. Becker, C.L., Defond, M.L., Jiambalvo, J., and Subramanyam, K.R. 1998. The effect of audit quality on earnings management. Contemporary Accounting Research 15 (1), 1–24. Bergstresser, D., and Philippon, T. 2006. CEO incentives and earnings management. Journal of Finance and Economics 80 (3), 511–529. Bognanno, M.L. 2001. Corporate tournaments. Journal of Labor Economics 19 (2), 290–315. Burns, N., and Kedia, S. 2006. The impact of performance-based compensation on misreporting. Journal of Finance and Economics 79 (1), 35–67. Chava, S., and Purnanandam, A. 2010. CEOs versus CFOs: incentives and corporate policies. Journal of Finance and Economics 97 (2), 263–278. Chen, Z., Huang, Y., and Wei, K.C.J. 2013. Executive pay disparity and the cost of equity capital. Journal of Financial and Quantitative Analysis 48 (3), 849-885. Cheng, Q., and Warfield, T.D. 2005. Equity incentives and earnings management. The Accounting Review 80 (2), 441–476. Cohen, D., Dey, A., and Lys, T.Z. 2008. Real and accrual-based earnings management in the pre- and post- Sarbanes-Oxley periods. The Accounting Review 83 (3), 757–787. Cohen, D., and Zarowin, P. 2010. Accrual-based and real earnings management activities around seasoned equity offerings. Journal of Accounting and Economics 50 (1), 2–19. Cowherd, D.M., and Levine, D.I. 1992. Product quality and pay equity between lower-level employees and top management: an investigation of distributive justice theory. Administrative Science Quarterly 37 (2), 302–320. Defond, M.L., and Subramanyam, K.R. 1998. Auditor changes and discretionary accruals. Journal of Accounting Economics 25 (1), 35–67. Dye, R.A. 1984. The trouble with tournaments. Econ. Inq. 22 (1), 147–149. Eriksson, T. 1999. Executive compensation and tournament theory: empirical tests on Danish data. Journal of Labor Economics 17 (2), 262–280. Feng, M., Ge, W., Luo, S., and Shevlin, T. 2011. Why do CFOs become involved in material accounting manipulations? Journal of Accounting and Economics 51 (1–2), 21–36. Francis, J., Maydew, E., and Sparks, H. 1999. The role of big 6 auditors in the credible reporting of accruals. Auditing: A Journal of Practice and Theory 18 (2), 17–34. Francis, J., Philbrick, D., and Schipper, K. 1994. Shareholder litigation and corporate disclosures. Journal of Accounting Research 32 (2), 137–164. Gaver, J.J., Gaver, K.M., and Austin, J.R. 1995. Additional evidence on bonus plans and income management. Journal of Accounting and Economics 19 (1), 3–28. Ge, W., Matsumoto, D., and Zhang, J.L. 2010. Do CFOs have styles? An empirical investigation of the effect of individual CFOs on accounting practices. Contemporary Accounting Research 28 (4), 1141–1179. Geiger, M., and North, D. 2006. Does hiring a new CFO change things? An investigation of changes in discretionary accruals. The Accounting Review 81 (4), 781–809. Healy, P.M. 1985. The effect of bonus schemes on accounting decisions. Journal of Accounting and Economics 7 (1–3), 85–107. Henderson, A.D., and Fredrickson, J.W. 2001. Top management team coordination needs and the CEO pay gap: a competitive test of economic and behavioral views. Academy of Management Journal 44 (1), 96–117. Holthausen, R.W., Larcker, D.F. and Sloan, R.G. 1995. Annual bonus schemes and the manipulation of earnings. Journal of Accounting and Economics 19 (1), 29–74. Hribar, P., and Nichols, D.C. 2007. The use of unsigned earnings quality measures in tests of earnings management. Journal of Accounting Research 45 (5), 1017–1053. Huang, D., Ghosh, C. and Phan, H.V. 2015. CEO pay gap and corporate debt structure. Working Paper, University of Connecticut and University of Massachusetts Lowell. Jensen, M.C., and Meckling. W.H. 1976. Theory of the firm: managerial behavior, agency costs and ownership structure. Journal of Finance and Economics 3 (4), 305–360. Jensen, M.C., and Murphy, K.J. 1990. CEO incentives - It’s not how much you pay, but how. Journal of Applied Corporate Finance 3 (3), 138–153. Jiang, J., Petroni, K.R., and Wang, I.Y. 2010. CFOs and CEOs: who have the most influence on earnings management? Journal of Finance and Economics 96 (3), 513–526. Kale, J.R., Reis, E., and Venkateswaran, A. 2009. Rank-order tournaments and incentive alignment: the effect on firm performance. Journal of Finance 64 (3), 1479–1512. Kim, E.H., and Lu, Y. 2011. CEO ownership, external governance, and risk-taking. Journal of Financial Economics 102 (2), 272–292. Kim, Y., and Park, M.S. 2005. Pricing of seasoned equity offers and earnings management. Journal of Financial and Quantitative Analysis 40 (2), 435–463. Kini, O., and Williams, R. 2012. Tournament incentives, firm risk, and corporate policies. Journal of Finance and Economics 103 (2), 350–376. Kothari. S.P., Leone. A.J., and Wasley. C.E. 2005. Performance matched discretionary accrual measures. Journal of Accounting and Economics 39 (1), 163–197. Lambert, R.A., Larcker, D.F., and Weigelt, K. 1993. The structure of organizational incentives. Administrative Science Quarterly 38 (3), 438–461. Lazear, E.P. 1989. Pay equality and industrial politics. Journal of Political Economy 97 (3), 561–580. Lazear, E.P. 1992. The Job as a Concept. In Performance Measurement, Evaluation, and Incentives, edited by W. Bruns, 183-215. Boston, MA: Harvard Business School Press. Lazear, E.P., and Rosen, S. 1981. Rank-order tournaments as optimum labor contracts. Journal of Political Economy 89 (5), 841–864. Lin, Y.F., Yeh, Y.M.C., and Shih, Y.T. 2013. Tournament theory’s perspective of executive pay gaps. Journal of Business Research 66 (5), 585–592. Liu, R. 2013. Earnings management and equity incentive gap between CEOs and CFOs. Unpublished Working Paper, Florida International University. Main, B.G.M., O’Reilly, C.A., and Wade, J. 1993. Top executive pay: tournament or teamwork? Journal of Labor Economics 11 (4), 606–628. Masulis. R., and Zhang S. 2014. Compensation gaps among top corporate executives. Unpublished Working Paper, University of New South Wales. Medoff, J.L., and Abraham, K.G. 1980. Experience, performance, and earnings. The Quarterly Journal of Economics 95 (4), 703–736. Park, K. 2017. Pay disparities within top management teams and earning management. Journal of Accounting and Public Policy 36 (1), 59– 81. Roychowdhury, S. 2006. Earnings management through real activities manipulation. Journal of Accounting Economics 42 (3), 335–370. Siegel, P.A., and Hambrick, D.C. 2005. Pay disparities within top management groups: evidence of harmful effects on performance of high-technology firms. Organization Science 16 (3), 259–274. Sloan, R.G. 1993. Accounting earnings and top executive compensation. Journal of Accounting and Economics 16 (1–3), 55–100. Teoh, S.H., Welch, I., and Wong T.J. 1998. Earnings management and the underperformance of seasoned equity offerings. Journal of Financial Economics 50 (1), 63–99. Wade, J.B., O’Reilly, C.A., and Pollock, T.G. 2006. Overpaid CEOs and underpaid managers: fairness and executive compensation. Organization Science 17 (5), 527–544. Zhang, A.Y. 2012. Evidence on the trade-off between real activities manipulation and accrual-based earnings management. The Accounting Review 87 (2), 675–703. | |
dc.identifier.uri | http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/73389 | - |
dc.description.abstract | 本研究主要探討執行長(CEO)及財務長(CFO)之薪酬差距對財務報導品質之影響。本研究之薪酬資料來自Execucomp資料庫,財務變數資料來自Compustat資料庫樣本所涵蓋之所有期間為2006年至2017年之美國上市櫃公司。實證結果發現,薪酬差距對應計數管理與實質盈餘管理的影響並不一致,短期薪酬差距愈大會增加實質盈餘管理,而長期薪酬差距愈大則會增加應計數管理。本研究期望對公司薪酬政策的制訂有參考價值,薪酬委員會除考量薪酬水準與薪酬結構之外,對於CEO與CFO的薪酬差距也應一併考量。 | zh_TW |
dc.description.abstract | This paper examines the effect of pay gap between CEOs and CFOs on financial reporting quality. In this study, all samples are selected from the Compustat and Execucomp database during the period of years 2006–2017. The empirical results show that pay gap has differential impacts on discretionary accruals and real activity manipulation. Larger short-term pay gap increases real activity manipulation, whereas larger long-term pay gap increases discretionary accrual management. The findings provide implications to corporate decision-making regarding the compensation policy. In addition to the pay level and pay structure, the compensation committee should also consider the pay gap between CEOs and CFOs. | en |
dc.description.provenance | Made available in DSpace on 2021-06-17T07:32:05Z (GMT). No. of bitstreams: 1 ntu-108-R06722036-1.pdf: 919621 bytes, checksum: e874713c61d5326a441087577f921ede (MD5) Previous issue date: 2019 | en |
dc.description.tableofcontents | 壹、緒論……………………………………………………………………………… 1
貳、文獻回顧及假說建立…………………………………………………………… 3 一、薪酬差距的實證研究………………………………………………………… 3 二、CEO或CFO薪酬水準對財務報導品質的影響……………………………. 4 三、研究假說……………………………………………………………………… 4 參、研究設計………………………………………………………………………… 6 一、樣本選取與資料來源………………………………………………………… 6 二、實證模型建立………………………………………………………………… 8 三、變數衡量…………………………………………………………………….. 10 肆、實證結果……………………………………………………………………….. 14 一、敘述統計分析……………………………………………………………….. 14 二、迴歸分析…………………………………………………………………….. 16 伍、CEO權力之影響………………………………………………………………. 22 陸、研究結論與建議……………………………………………………………….. 26 一、研究結論…………………………………………………………………….. 26 二、研究限制與建議…………………………………………………………….. 26 柒、參考文獻……………………………………………………………………….. 28 | |
dc.language.iso | zh-TW | |
dc.title | 執行長與財務長薪酬差距對財務報導品質之影響 | zh_TW |
dc.title | The Effect of Pay Gap between CEOs and CFOs on Financial Reporting Quality | en |
dc.type | Thesis | |
dc.date.schoolyear | 107-2 | |
dc.description.degree | 碩士 | |
dc.contributor.oralexamcommittee | 高偉娟,尤琳蕙 | |
dc.subject.keyword | 薪酬差距,財務報導品質,裁決性應計數,實質盈餘管理, | zh_TW |
dc.subject.keyword | Pay gap,Financial reporting quality,Discretionary accruals,Real activities manipulation, | en |
dc.relation.page | 31 | |
dc.identifier.doi | 10.6342/NTU201900861 | |
dc.rights.note | 有償授權 | |
dc.date.accepted | 2019-06-06 | |
dc.contributor.author-college | 管理學院 | zh_TW |
dc.contributor.author-dept | 會計學研究所 | zh_TW |
顯示於系所單位: | 會計學系 |
文件中的檔案:
檔案 | 大小 | 格式 | |
---|---|---|---|
ntu-108-1.pdf 目前未授權公開取用 | 898.07 kB | Adobe PDF |
系統中的文件,除了特別指名其著作權條款之外,均受到著作權保護,並且保留所有的權利。