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
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position of Chief Executive Officer (CEO) of the company. However‚ the qualities required of a CEO are not always in line with the training and experiences of a former CFO. Yet the CFO can bring many qualities to the CEO position to help a company succeed. What are the benefits to having a CFO as CEO‚ and what are the required qualities of a CEO that may hamper the CFO ’s success in this position?As the leader of a corporation‚ the CEO must be a well rounded leader. The CEO ’s key responsibility is "making
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The authors describe seven types of CEOs‚ their behaviors and attitudes toward IT‚ and explain why all but one are decidedly unfit to lead companies in the Information Age. Only the "believer CEO" is ready to play a constructive role in his or her company’s use of information technology. Believers understand that IT enables strategic advantage and demonstrate such beliefs in their daily actions. Believers are involved in IT decision making and are proactive in addressing IT problems and opportunities
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of a S-Chip CEO (unabridged) |[pic] |[pic] | | |Written by S-chip CEO | |Saturday‚ 25 April 2009 | | | |A fascinating email circulated around yesterday purportedly from the CEO of a S-chip
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Reflection can be defined as “a process of reviewing an experience of practice in order to describe‚ analyse and evaluate and so inform learning from practice.”(Reid‚ 1993) It is an important factor when working within any health profession and midwifery is certainly no exception. Schon (1991) defines a reflective practitioner as “someone who learns by reflecting on current experience and applies that learning to future practice.” Reflection allows midwives to grow and develop professionally as well
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Does Marriage and Love come Hand in Hand? When the question arises on love‚ mostly any human believes in love and would want to have a special feeling of finding a person of their life. Believes in holding hands‚ commitment to each other and make promises to each other‚ and live happily ever after. The universal feeling of love appears everywhere‚ in novels‚ religious‚ movies‚ songs and on television. Nowadays a great controversial topic of same sex marriage comes in our head as we all think of
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executive officer of Exxon Mobil has many responsibilities and duties. The CEO is mainly responsible for carrying out the strategic plans and policies to keep Exxon Mobil moving forward. According to Exxon Mobil‚ the chief executive officer has to report to the board of directors to discuss the strategic goals of the organization and to evaluate the performance of the organization (Corporate governance guidelines). The CEO is responsible for the financial performance of the organization and achieving
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Allen Wrench The "Allen screw" name for the socket head cap screw and "Allen key" for the wrench originate from the products of the Allen Manufacturing Company of Hartford‚ Connecticut. According to Bates‚ it is widely reported that the company trademarked the name "Allen wrench or key" for its range of hex wrenches in 1943. The Allen wrench trademark of the Allen Manufacturing Company was taken out in 1943‚ Allen became such a successful brand of hex key that many consumers in following decades
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Question 1 Activity Mean duration Std. dev. (days) A 11 0.9 B 13 1.1 C 7 0.2 D 9 0.8 E 6 1 F 7 1.2 G 10 0.7 H 9 0.6 I 8 0.8 Table 1 Complete the following: 1. Calculate the project completion time. 2. Indicate the critical path activities. 3. What is the probability of completing this project between 38 and 40 days? 4. What are the slack values for activities C and F? Interpret the meaning of their slack values? Qustion 2: A registered nurse is trying
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Geo Factsheet September 1996 Number 1 International Tourism International tourism is a common feature of many modern geography syllabuses and examination questions tend to focus on three main issues. 1. The size and nature of international tourism‚ including reasons for its variable rate of growth in different parts of the world. 2. The advantages and disadvantages of developing an international tourist industry. Here candidates need to be able to analyse tourism’s intertwined impacts
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