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论文类型：会议论文

发表时间：2017-01-01

收录刊物：CPCI-SSH

页面范围：118-124

关键字：executive compensation; financial restatement; negative market reaction; earnings management

摘要：Based on the social comparative theory, this paper research a) the relationship between annual growth of executive compensation and earnings management, b) the negative market reaction of 5 and 7 trading days before and after the restraint inhibitory effect. The theoretical and empirical evidence show that both the annual growth rate of executive compensation and the growth rate of executive compensation by industry are has a significantly positive correlation with earnings management. Negative market reaction can inhibit the real earnings management, but there is no obvious inhibitory effect on accrual earnings management.