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Earnings Quality and Pay-Performance Sensitivity: Evidence from Employee Profit-Sharing Bonus in Taiwan

Asia Pacific Management Review, 2013-09, Vol.18 (3), p.275-299 [Peer Reviewed Journal]

Copyright National Cheng Kung University, College of Management Sep 2013 ;ISSN: 1029-3132 ;EISSN: 2589-8213 ;DOI: 10.6126/APMR.2013.18.3.03

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Title:
Earnings Quality and Pay-Performance Sensitivity: Evidence from Employee Profit-Sharing Bonus in Taiwan
Author: Audrey Wen-Hsin Hsu ; Chih-Hsien Liao
Subjects: Accounting ; Boards of directors ; Bonuses ; Compensation ; Corporate finance ; Corporate governance ; Corporate profits ; Earnings ; Earnings management ; earnings quality ; Employees ; Financial performance ; Hypotheses ; Net income ; Pay for performance ; Pay-performance sensitivity ; Profit sharing plans ; profit-sharing bonus ; Profitability ; Scopus ; Stockholders ; Studies ; TSSCI ; Wages & salaries
Is Part Of: Asia Pacific Management Review, 2013-09, Vol.18 (3), p.275-299
Description: Using data on the widespread profit-sharing schemes in Taiwan, we explore whether companies take into consideration earnings quality in the pay-performance sensitivity of employee profit-sharing bonus, and whether corporate governance helps improve the alignment. Our results show that the sensitivity of profit-sharing bonus to earnings performance is increasing in earnings management. However, we find that in firms with strong governance the pay-performance sensitivity of managed earnings is significantly reduced. The results are robust to controlling for firm characteristics and to different earnings quality. Our study provides important implications for the effective use of profit-sharing plans.
Publisher: 台灣: 國立成功大學企業管理學院
Language: Chinese;English
Identifier: ISSN: 1029-3132
EISSN: 2589-8213
DOI: 10.6126/APMR.2013.18.3.03
Source: ProQuest Central

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Earnings Quality and Pay-Performance Sensitivity: Evidence from Employee Profit-Sharing Bonus in Taiwan

Copyright National Cheng Kung University, College of Management Sep 2013 ;ISSN: 1029-3132 ;EISSN: 2589-8213 ;DOI: 10.6126/APMR.2013.18.3.03

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