政大機構典藏-National Chengchi University Institutional Repository(NCCUR):Item 140.119/78956

English | 正體中文 | 简体中文 | Post-Print筆數 : 27 | Items with full text/Total items : 109952/140887 (78%)
Visitors : 46289670 Online Users : 1291

RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.

Home ‧ Login ‧ Upload ‧ Help ‧ About ‧ Administer

政大機構典藏 > 商學院 > 金融學系 > 期刊論文 > Item 140.119/78956

Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/78956

Title:	Earnings Manipulation, Corporate Governance and Executive Stock Option Grants: Evidence from Taiwan
Authors:	Wu, Ming-Cheng;Huang, Yi-Ting;Chen, Yi-Jing 黃怡婷
Contributors:	金融系
Keywords:	Administration;Compensation;Corporate Governance;Earnings;Executives;Firm;Firms;Governance;Management;Shareholder
Date:	2012-06
Issue Date:	2015-10-12 16:12:41 (UTC+8)
Abstract:	Executive stock options (ESOs), serving as a compensation mechanism, are widely used in business administration. ESOs link managerial wealth to firm performance and shareholder wealth. The intrinsic value of ESOs is determined by the difference between the stock price and the strike price. Executives, as a result of self-interested incentives, would therefore manipulate firms` reported earnings for influencing stock prices. Such conduct may boost the value of ESOs and then benefit managers greatly. This study attempts to explore if earnings had been manipulated before the ESO award date to satisfy some self-interested managers. In addition, the paper attempts to reveal the cause and effect relationship between executive incentives and earnings management when compensations are linked to stock prices. The empirical results show that there is a significant downward earnings management phenomenon before the ESO award date. Furthermore, quarterly earnings management occurs frequently around the ESO grant date.
Relation:	Asia-Pacific Journal of Financial Studies, 41(3), 241-257
Data Type:	article
DOI 連結:	http://dx.doi.org/10.1111/j.2041-6156.2012.01072.x
DOI:	10.1111/j.2041-6156.2012.01072.x
Appears in Collections:	[金融學系] 期刊論文

Files in This Item:

File	Description	Size	Format
index.html		0Kb	HTML2	866	View/Open

社群 sharing

著作權政策宣告 Copyright Announcement

1.本網站之數位內容為國立政治大學所收錄之機構典藏，無償提供學術研究與公眾教育等公益性使用，惟仍請適度，合理使用本網站之內容，以尊重著作權人之權益。商業上之利用，則請先取得著作權人之授權。
The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

2.本網站之製作，已盡力防止侵害著作權人之權益，如仍發現本網站之數位內容有侵害著作權人權益情事者，請權利人通知本網站維護人員(nccur@nccu.edu.tw)，維護人員將立即採取移除該數位著作等補救措施。
NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.

Loading...