The DOI matches its Crossref record; 13 of the 13 references it cites were found in a registry or an index.
The Effect of Missing a Quarterly Earnings Benchmark on the CEO's Annual Bonus
Abstract
We investigate the effects of missing quarterly earnings benchmarks on the CEO's annual bonus. After controlling for the general pay-for-performance relation, we find a significant incremental adverse effect on CEO annual cash bonuses when the firm's quarterly earnings fall short of the consensus analyst forecast or the earnings for the same quarter of the prior year, for at least two quarters during the year. However, we find that the relation between the bonus and the number of loss quarters is not significant. Our results suggest that CEO bonus payments provide CEOs with economic incentives to meet quarterly analyst earnings forecasts and earnings from the same quarter of the prior year.
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Cites
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Regression Diagnostics -- Identifying Influential Data and Sources of Collinearity
Beaumont, C. D., Belsley, D. A., Kuh, E., & Welsch, R. E. (1981) · The Journal of the Operational Research Society · doi:10.2307/2581267 · Cited by 6,359
Performance Pay and Top-Management Incentives
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Earnings management to avoid earnings decreases and losses
Burgstahler, D., & Dichev, I. (1997) · Journal of Accounting and Economics · doi:10.1016/s0165-4101(97)00017-7 · Cited by 3,829
Earnings Management to Exceed Thresholds
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Management's Incentives to Avoid Negative Earnings Surprises
Matsumoto, D. A. (2002) · The Accounting Review · doi:10.2308/accr.2002.77.3.483 · Cited by 1,613
The use of equity grants to manage optimal equity incentive levels
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Self-citationMarket Rewards Associated with Patterns of Increasing Earnings
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Earnings Momentum and Earnings Management
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The role of information and financial reporting in corporate governance and debt contracting
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Does Stock Liquidity Enhance or Impede Firm Innovation?
FANG, V. W., TIAN, X., & TICE, S. (2014) · The Journal of Finance · doi:10.1111/jofi.12187 · Cited by 1,339
Internal Governance and Real Earnings Management
Cheng, Q., Lee, J., & Shevlin, T. (2016) · The Accounting Review · doi:10.2308/accr-51275 · Cited by 412
Chan, L. H., Chen, K. C. W., Chen, T. Y., & Yu, Y. (2015) · The Accounting Review · doi:10.2308/accr-50862 · Cited by 268
Metadata
- Authors
- Matsunaga, S. R., & Park, C. W.
- Venue
- The Accounting Review
- Publisher
- American Accounting Association
- Published
- 2001-07-01
- Volume
- 76
- Issue
- 3
- Pages
- 313-332
- ISSN
- 0001-4826 (ISSN-L)
- 1558-7967
- OpenAlex
- W3123176543
- Cited by
- 499
- References
- 13
- FWCI
- 30.65
- Type
- journal article
- Language
- en
- Open access
- closed
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- Matsunaga, S. R., & Park, C. W. (2001). The Effect of Missing a Quarterly Earnings Benchmark on the CEO's Annual Bonus. The Accounting Review. https://doi.org/10.2308/accr.2001.76.3.313
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
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