Full metadata record
| DC Field | Value | Language |
|---|---|---|
| dc.contributor | School of Accounting and Finance | en_US |
| dc.contributor.advisor | Zhang, Yong (AF) | - |
| dc.creator | Zhao, Yuan | - |
| dc.identifier.uri | https://theses.lib.polyu.edu.hk/handle/200/9576 | - |
| dc.language | English | en_US |
| dc.publisher | Hong Kong Polytechnic University | - |
| dc.rights | All rights reserved | en_US |
| dc.title | The impact of mandatory disclosure on CFO compensation and accounting conservatism | en_US |
| dcterms.abstract | Treating the Securities and Exchange Commission (SEC) "Executive compensation and related person disclosure" of 2006 as the empirical setting, this paper examines the impact of mandatory compensation disclosure on CFO compensation and accounting conservatism. The mandatory CFO compensation disclosure engenders two opposing outcomes. This paper reveals that CFO compensation exhibits a significantly upward trend, except for those large firms which exert greater effort in corporate governance. However, this paper does not present a causal effect between firm size and corporate governance. The results are merely suggestive of a possible managerial pattern which large corporations may follow. It is worth pointing out that the overstatement of undisclosed CFO compensation before 2006 may conceal growing CFO payments, since the fifth largest management compensation is used as a substitute. CEO compensation exhibits a similar compensation change pattern, but its magnitude is smaller and less significant. Furthermore, it is expected that SEC 2006 "Executive compensation and related person disclosure" increases the risk of litigation as well as conflicts between management and shareholders. The findings suggest that mandatory compensation disclosure does not affect accounting conservatism on average. On the contrary, large firms exhibit greater demand for accounting conservatism, so as to protect shareholder interests and reduce agency costs. | en_US |
| dcterms.extent | 53 pages : color illustrations | en_US |
| dcterms.isPartOf | PolyU Electronic Theses | en_US |
| dcterms.issued | 2018 | en_US |
| dcterms.educationalLevel | M.Sc. | en_US |
| dcterms.educationalLevel | All Master | en_US |
| dcterms.LCSH | Hong Kong Polytechnic University -- Dissertations | en_US |
| dcterms.LCSH | Chief executive officers -- Salaries, etc | en_US |
| dcterms.LCSH | Disclosure of information | en_US |
| dcterms.LCSH | Corporations -- Finance | en_US |
| dcterms.LCSH | Corporations -- Accounting | en_US |
| dcterms.accessRights | restricted access | en_US |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| 991022144623903411.pdf | For All Users (off-campus access for PolyU Staff & Students only) | 511.04 kB | Adobe PDF | View/Open |
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