ARTICLE IN PRESS Journal of Financial Economics 80 (2006) 511–529 www.elsevier.com/locate/jfec CEO incentives and earnings management$ Daniel Bergstressera‚Â Thomas Philipponb a Harvard Business School‚ Boston MA 02163‚USA NYU Stern School of Business‚ New York‚ NY 10012‚USA b Received 25 September 2003; accepted 13 October 2004 Available online 22 December 2005 Abtract We provide evidence that the use of discretionary accruals to manipulate reported earnings is more pronounced
Premium Stock market Stock Balance sheet
Midwest metropolitan area. The city treated employees like family and gave them a great deal of autonomy in their work. Everyone in the organization (including the two labor unions representing employees) implicitly agreed that the leaders and supervisors of the organization should rise through the ranks based on their experience. Few people were ever hired from the outside into middle or senior positions. The rule of employment at Hillton was to learn the job skills‚ maintain a reasonably good work record
Premium Municipality Management City
about 36 days. Once there Columbus set down his flag‚ unaware of the people hiding behind the trees and plants of the area‚ watching his every move. While walking on a path Columbus probably spotted some Native Americans. He was in fact not greedy at all but since they were there and had to know the area‚ he asked them for a little help. Columbus asked them to find him some gold. After a few times of searching the land and coming back with nothing. Columbus lost a little bit of his temper. He then started
Free Christopher Columbus Native Americans in the United States United States
SHOULD HIGHER EDUCATION BE MADE AVAILABLE TO ALL Education is a channel to understand the real world better and whether this education should be provided to the students by the universities should be free or not‚ is one of the most debated topics over last many decades. In the today’s fast growing civilization this education has become everyone’s necessity to survive. Everyone understands the value of education in their lives; hence they compete hard to get the best of the education. So to
Premium Higher education University Academic degree
Bacterial Transformation Lab Introduction: In this experiment we transformed a strain of E. Coli bacteria without antibiotic resistance with plasmid DNA. This plasmid produces a fluorescent green glow under black light due to the gfp(green fluorescent protein) as well as antibiotic resistance. E. Coli cells will be plated on an agar medium‚ some with and some without the antibiotic ampicillin. Only bacterial cells that contain the plasmid will survive the ampicillin and produce the green glow
Premium Bacteria DNA Escherichia coli
Should all College courses cost the same? I don’t think all college courses should cost the same. The reasons why college courses shouldn’t cost the same is because the equipment or material for every course is different‚ the difficulty of teaching a course is different‚ and every course has a different outcome. Every college course requires different types of equipment. For example‚ Medical classes would require very expensive equipment like surgical machines and some classes like math would only
Premium Health care Higher education Medicine
WHY CEO‚S FAIL A lot of CEOs don’t succeed‚ and some who do‚ do so only for a short time. I have come to the conclusion that there are a number of different reasons that CEOs fail. Here are 10 of the most common ones. OUTLIVE THE FOUNDER/CEO ROLE There comes a time when the most successful founder has to step aside and hand over to professional management‚ and I have seen too many founders who did not see that their time had come and gone. BELIEVE THEIR OWN MARKETING CEOs who lose
Free Failure Success
enactment of the Sarbanes-Oxley legislation (SOX thereafter)‚ which regulates the unethical wrongdoings‚ CEOs enjoyed unreasonable high remuneration despite of their mediocre performance. The overall focus of this report is to identify the relationship between CEO’s compensation and performance of the company‚ and figure out whether the Sarbanes-Oxley legislation has an impact on it. Using a sample of CEO compensation and firm performance in the fiscal year 2002 and 2004‚ we use the empirical analysis
Premium Statistics Corporate governance Regression analysis
SHOULD ALL CRIMINALS BE GIVEN A SECOND CHANCE? Crime and punishment have been a part of society. As criminals are caught and put to justice‚ their moral credentials are reduced so greatly that it is often difficult for them to move up the ranks in society. After all‚ if they have committed a crime once‚ what is there to stop them from doing the same again? Hence‚ should all criminals be given a second chance? A criminal can commit one or more of a variety of crimes‚ depending on the severity
Premium Prison Criminology Crime
www.hbrreprints.org B E S T O F H BR Leaders who successfully transform businesses do eight things right (and they do them in the right order). Leading Change Why Transformation Efforts Fail by John P Kotter . • Included with this full-text Harvard Business Review article: 1 Article Summary The Idea in Brief—the core idea The Idea in Practice—putting the idea to work 2 Leading Change: Why Transformation Efforts Fail 10 Further Reading A list of related materials‚ with annotations
Premium Harvard Business School Management Transformation