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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established trusting relationship; on top of that‚ these leaders also possess the attributes of transformational leadership‚ such as individualized consideration‚ idealized influence and intellectual stimulation. Key words: Democratic Leadership‚ Empowerment‚ Job Satisfaction 1. Introduction Researches on both effective school and school improvement advocated that today‟s school reform agenda requires a style of leadership different from the traditional top-down‚ hierarchical‚ bureaucratic and
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Jones and Shepard Accountants‚ Inc. In 2001‚ Jones and Shepard Accountants‚ Inc. (J&S) was ranked eighteenth in size by the American Association of Accountants. In order to compete with the larger firms‚ J&S formed an Information Services Division designed primarily for studies and analyses. By 2005‚ the Information Services Division (ISD) had fifteen employees. In 2006‚ the ISD upgraded its computer network and purchased state-of-the-art software. With this increased capacity‚ J&S expanded
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Design/methodology/approach – The paper is based on research completed for CIPD by The Kingston Engagement Consortium drawing on both quantative and qualitative data collected from member companies over a six-year period of study. Findings – The paper argues that managers need a deeper understanding of how employees are engaging with their work to effectively leverage performance through engagement. It finds that despite much work on engagement‚ the issues of with what and at what level people are engaging is still
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Statement of the Problem Case 3-1 Maynard Company (B) Diane Maynard was grateful for the balance sheets that her friend prepared. In going over the numbers‚ she remarked‚ “It’s sort of surprising that cash increased by $31‚667‚ but net income was only $19‚635. Why was that?” Her friend replied‚ “A partial answer to that questionis to look at an income statement for June. I think I can find the data I need to prepare on for you.” In addition to the data given in the (A)
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billing? Chances are they do not. This experience has resulted in the not-so-tongue-and-cheek postulation that new security products are created to compensate for the shortcomings and side effects of the existing ones. That’s not to say there is never a legitimate need for new security solutions; new business models‚ new technologies‚ new threats‚ and new levels of global interconnectedness require us to continually adapt the products and practices we employ
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As the chief executive of Barnes & Noble (BKS) from 2010 to 2013‚ William Lynch might have had one of the most difficult jobs in the retail business. He made it harder still by running a large chain of bookstores as though it were a tech startup. Burning through about a billion dollars‚ the company built its own e-reading devices‚ which were well-received‚ and then its own tablet computers‚ which weren’t. Barnes & Noble sold so few tablets over the holidays last year that it actually lost money during
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Memorandum To: Alan Mulally‚ President & CEO Date: 07/04/2013 Subject: Internal Communications Platform When searching for a social networking platform to use for Ford Motor Company’s internal communications‚ our team has gone through several analyses of each potential platform. The top five choices were Facebook‚ Linkedin‚ Gotomeeting‚ Google+‚ and Skype. All of these programs were rated on the scale of 1 to 4 in six categories: compatibility and speed‚ accuracy of content‚ cost‚ design‚ navigation
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first question to consider is what makes someone a good leader? A leader is a role model who delivers performance by enabling and trusting the team and individuals‚ to fully develop and utilise their skills and experience. The leader ensures the team “gets the job done” effectively and efficiently through good planning and organisation‚ delegating tasks to appropriate individuals‚ developing and inspiring them to achieve and monitoring their progress. A leader works with others to accomplish goals of
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Introduction According to the Chartered Institute of Management Accountants (CIMA)‚ Management Accounting is "the process of identification‚ measurement‚ accumulation‚ analysis‚ preparation‚ interpretation and communication of information used by management to plan‚ evaluate and control within an entity and to assure appropriate use of and accountability for its resources. Management accounting also comprises the preparation of financial reports for non-management groups such as
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