Executive Compensation, Negative Market Reaction and Earnings Management

摘要：

　　Based on the social comparative theory, this paper research a) the relationship between annual growth of executive compensation and earnings management, b) the negative market reaction of 5 and 7 trading days before and after the restraint inhibitory effect.The theoretical and empirical evidence show that both the annual growth rate of executive compensation and the growth rate of executive compensation by industry are has a significantly positive correlation with earnings management.Negative market reaction can inhibit the real earnings management, but there is no obvious inhibitory effect on accrual earnings management.

关键词： executive compensation financial restatement negative market reaction earnings management

作者: YAO Hong ZHANG Yingxin CHEN Qingqing

作者单位: Faculty of Management and Economics, Dalian University of Technology, Dalian, China, 116024

会议类型: 国际会议

会议名称: The 9th (2017)International Conference on Financial Risk and Corporate Finance Management(第九届(2017)金融风险与公司金融国际研讨会)

会议地点: 日本

会议语种:英文

页码: 118-124

在线出版日期: 2017-07-01（万方平台首次上网日期，不代表论文的发表时间）