Recent studies in managerial accounting point out that the firms do not fully ratchet up the managers' future performance targets based on their past performance. This study offers a novel theoretical perspective on the firm's executive compensation strategy that supports such latest empirical...

Prior research in management accounting has focused on the pay-performance incentive contracts to examine compensation of top executives. However, the recent economic crisis lessens the validity of the pay-for-performance argument because many executive officers continue to receive a substantial...

We examine factors influencing firms' strategic disclosure of executive pay in Korea. Because the disclosure rules in Korea do not mandate but only recommend that firms distinguish between inside executive directors and outside directors when reporting the average pay of directors, this...