Aboody, David; Barth, Mary E.; Kasznik, Ron - 2004
compensation expense that is disclosed, but not recognized in determining net income, under Statement of Financial Accounting … Standards (SFAS) No. 123. In particular, we predict and find that stock-based compensation expense has a negative relation with … reported earnings, because without recognition of stock-based compensation expense under SFAS 123, this expense is never …