misrepresentation of underlying firm performance. This paper extends the literature by examining the effects of managerial stock option … misrepresent the underlying firm performance. On the contrary, the seemingly opportunistic guidance before option grants improves …

Firms can report comprehensive income in either an income-statement-like performance statement or the statement of … report comprehensive income in a performance statement. Our empirical evidence on a broad cross-section of firms shows that … managers with stronger equity-based incentives and less job security are significantly less likely to use performance reporting …

to misrepresent performance; and firm governance. Executives respond to clawbacks by lowering firm risk and pursuing more …

balance the incentive to improve a firm's performance with the incentive to earnings manipulation …

moderated when firm-level uncertainty is high, consistent with performance being attributed more to luck rather than skill and …

and public pressure. In particular, we assess if CEO power influences the choice of performance measures as a form of … performance-vested stock option (PVSO) plans, and find that firms with powerful CEOs attach less challenging targets in the … CEO pay and firm performance. However, our results indicate powerful CEOs can negate some of the beneficial effect of …