FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W3131057244> ?p ?o ?g. }

• W3131057244 abstract "The incentive effect of CEO portfolio delta (i.e., the sensitivity of CEO wealth to changes in stock price) on financial misreporting is inconclusive given a complex reward-risk tradeoff faced by CEOs (e.g., a positive “reward effect” versus a negative “risk effect”). We propose that the prevalence of CEO hedging pushes the tradeoff more in favor of the “reward effect” side, resulting in a positive net incentive effect of CEO portfolio delta on misreporting. As the tradeoff is associated with a CEO’s explicit focus on personal wealth, we extract unstructured data from the Accounting and Auditing Enforcement Releases (AAERs) for the sample period 20042016 to identify misreporting driven by a CEO’s wealth-pursuing motive. We document that such misreporting is not only widespread in the sample but also positively explained by CEO portfolio delta. Consistent with our theoretical framework, we find that CEO hedging opportunities moderate the positive relationship between CEO portfolio delta and wealth-pursuing misreporting. We also use a simulation to illustrate how including misreporting cases not associated with the reward-risk tradeoff in the analysis might account for the mixed evidence of the delta-AAER association documented by prior studies. Our findings have important implications for compensation design and corporate governance policy." @default.
• W3131057244 created "2021-03-01" @default.
• W3131057244 creator A5007270903 @default.
• W3131057244 creator A5023908615 @default.
• W3131057244 creator A5077101445 @default.
• W3131057244 date "2020-01-01" @default.
• W3131057244 modified "2023-09-30" @default.
• W3131057244 title "Equity Incentives and Financial Misreporting: Evidence from the Wealth Pursuit Motive of CEOs" @default.
• W3131057244 cites W1850864270 @default.
• W3131057244 cites W1992003426 @default.
• W3131057244 cites W2000387780 @default.
• W3131057244 cites W2004531271 @default.
• W3131057244 cites W2029941278 @default.
• W3131057244 cites W2034689192 @default.
• W3131057244 cites W2057190074 @default.
• W3131057244 cites W2059396148 @default.
• W3131057244 cites W2063126268 @default.
• W3131057244 cites W2093422358 @default.
• W3131057244 cites W2124203762 @default.
• W3131057244 cites W2148021834 @default.
• W3131057244 cites W2148069037 @default.
• W3131057244 cites W2161385625 @default.
• W3131057244 cites W2170458045 @default.
• W3131057244 cites W2189821821 @default.
• W3131057244 cites W2228872489 @default.
• W3131057244 cites W2315678552 @default.
• W3131057244 cites W2331350356 @default.
• W3131057244 cites W2752617332 @default.
• W3131057244 cites W2760925952 @default.
• W3131057244 cites W2910632137 @default.
• W3131057244 cites W2911242784 @default.
• W3131057244 cites W2973976526 @default.
• W3131057244 cites W3012134895 @default.
• W3131057244 cites W3080315796 @default.
• W3131057244 cites W3121354426 @default.
• W3131057244 cites W3121404097 @default.
• W3131057244 cites W3121466867 @default.
• W3131057244 cites W3121659120 @default.
• W3131057244 cites W3121906989 @default.
• W3131057244 cites W3121910238 @default.
• W3131057244 cites W3122001952 @default.
• W3131057244 cites W3122340701 @default.
• W3131057244 cites W3122978481 @default.
• W3131057244 cites W3122996795 @default.
• W3131057244 cites W3123468997 @default.
• W3131057244 cites W3123618071 @default.
• W3131057244 cites W3123680712 @default.
• W3131057244 cites W3123938212 @default.
• W3131057244 cites W3124088331 @default.
• W3131057244 cites W3124144162 @default.
• W3131057244 cites W3124240175 @default.
• W3131057244 cites W3124550632 @default.
• W3131057244 cites W3124630682 @default.
• W3131057244 cites W3124737373 @default.
• W3131057244 cites W3124750317 @default.
• W3131057244 cites W3124830097 @default.
• W3131057244 cites W3124977184 @default.
• W3131057244 cites W3125126843 @default.
• W3131057244 cites W3125164485 @default.
• W3131057244 cites W3125313247 @default.
• W3131057244 cites W3125833693 @default.
• W3131057244 cites W3125843505 @default.
• W3131057244 cites W4237421641 @default.
• W3131057244 doi "https://doi.org/10.2139/ssrn.3685697" @default.
• W3131057244 hasPublicationYear "2020" @default.
• W3131057244 type Work @default.
• W3131057244 sameAs 3131057244 @default.
• W3131057244 citedByCount "1" @default.
• W3131057244 countsByYear W31310572442023 @default.
• W3131057244 crossrefType "journal-article" @default.
• W3131057244 hasAuthorship W3131057244A5007270903 @default.
• W3131057244 hasAuthorship W3131057244A5023908615 @default.
• W3131057244 hasAuthorship W3131057244A5077101445 @default.
• W3131057244 hasConcept C10138342 @default.
• W3131057244 hasConcept C106159729 @default.
• W3131057244 hasConcept C144133560 @default.
• W3131057244 hasConcept C162324750 @default.
• W3131057244 hasConcept C175444787 @default.
• W3131057244 hasConcept C17744445 @default.
• W3131057244 hasConcept C199539241 @default.
• W3131057244 hasConcept C199728807 @default.
• W3131057244 hasConcept C29122968 @default.
• W3131057244 hasConcept C556758197 @default.
• W3131057244 hasConcept C73283319 @default.
• W3131057244 hasConceptScore W3131057244C10138342 @default.
• W3131057244 hasConceptScore W3131057244C106159729 @default.
• W3131057244 hasConceptScore W3131057244C144133560 @default.
• W3131057244 hasConceptScore W3131057244C162324750 @default.
• W3131057244 hasConceptScore W3131057244C175444787 @default.
• W3131057244 hasConceptScore W3131057244C17744445 @default.
• W3131057244 hasConceptScore W3131057244C199539241 @default.
• W3131057244 hasConceptScore W3131057244C199728807 @default.
• W3131057244 hasConceptScore W3131057244C29122968 @default.
• W3131057244 hasConceptScore W3131057244C556758197 @default.
• W3131057244 hasConceptScore W3131057244C73283319 @default.
• W3131057244 hasLocation W31310572441 @default.
• W3131057244 hasOpenAccess W3131057244 @default.
• W3131057244 hasPrimaryLocation W31310572441 @default.
• W3131057244 hasRelatedWork W1569323622 @default.
• W3131057244 hasRelatedWork W2002387390 @default.

• next