题名

CEO Compensation, Director Compensation, and Earnings Management: Does Compensation Structure Matter?

并列篇名

CEO薪酬、董事薪酬與盈餘管理－薪酬結構重要嗎？

DOI

10.6545/JFS.202106_29(2).0001

作者

湯惠雯(Hui-Wen Tang)；陳振遠(Roger C. Y. Chen)

关键词

Compensation structure ； CEO compensation ； director compensation ； earnings management ； incentive compensation ； 薪酬結構 ； CEO薪酬 ； 董事薪酬 ； 盈餘管理 ； 誘因薪酬

期刊名称

財務金融學刊

卷期/出版年月

29卷2期（2021 / 06 / 30）

页次

1 - 36

内容语文

英文
中文摘要

This study investigates the relationship between excess director compensation and CEO compensation and explores the effects of various abnormal CEO compensations on earnings management. The results show that CEOs who receive abnormal cash and bonus compensation resulting from excess director total compensation tend to increase firm profits through earnings management, thereby reducing future performance. By contrast, CEOs who receive abnormal incentive compensation, total compensation, and exercise-value of stock options are less likely to manipulate earnings. These findings suggest that a proper director and CEO compensation structure can reduce managerial earnings management and can motivate CEO-director collaboration.
英文摘要

本文研究超額董事薪酬與CEO薪酬的關係，探討各種異常CEO薪酬對盈餘管理的影響。研究發現，因超額董事薪酬而獲得異常現金及獎金薪酬的CEO傾向以盈餘管理增加公司利潤，卻降低未來績效。相較下，獲得異常誘因薪酬、總薪酬及股票選擇權行使價值的CEO較不會操縱盈餘。適當的董事與CEO薪酬結構可減少盈餘管理，並激勵CEO與董事合作。
主题分类 社會科學 > 經濟學
社會科學 > 財金及會計學
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被引用次数
  1. (2024)。董監事薪酬揭露方式對盈餘管理之影響。當代會計，25(1)，37-85。
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