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Employee Stock Option Fair‐Value Estimates: Do Managerial Discretion and Incentives Explain Accuracy?*
16 references·16 citing·35 second hopsampled
Employee Stock Option Fair‐Value Estimates: Do Managerial Discretion and Incentives Explain Accuracy?* (2006)Employee Stock Option Fair‐Value Estimate…Detecting Earnings Management (2012)Detecting Earnings ManagementThe effects of bonus schemes on accounting decisions (2011)The effects of bonus schemes …The market pricing of accruals quality (2005)The market pricing of accrual…Corporate Governance and Equity Prices (2003)Corporate Governance and Equi…The Quality of Accruals and Earnings: The Role of Accrual Estimation Errors (2002)The Quality of Accruals and E…Audit committee, board of director characteristics, and earnings management (2002)Audit committee, board of dir…Corporate governance, chief executive officer compensation, and firm performance (1999)Corporate governance, chief e…Industry costs of equity (1997)Industry costs of equityEarnings management to avoid earnings decreases and losses (1997)Earnings management to avoid …Causes and Consequences of Earnings Manipulation: An Analysis of Firms Subject to Enforcement Actions by the SEC* (1996)Causes and Consequences of Ea…Detecting Earnings Management. (1995)Detecting Earnings Management.Comparing Predictive Accuracy (1994)Comparing Predictive AccuracyThe investment opportunity set and corporate financing, dividend, and compensation policies (1992)The investment opportunity se…Earnings Management During Import Relief Investigations (1991)Earnings Management During Im…The effect of bonus schemes on accounting decisions (1985)The effect of bonus schemes o…The stochastic behavior of common stock variances Value, leverage and interest rate effects (1982)The stochastic behavior of co…The quality of voluntary and mandatory disclosures in company reports: a systematic literature network analysis (2023)The quality of voluntary and …Examining the Effects of the Tax Cuts and Jobs Act on Executive Compensation* (2022)Examining the Effects of the …Auditing Complex Estimates: How Do Construal Level and Evidence Formatting Impact Auditors' Consideration of Inconsistent Evidence? (2018)Auditing Complex Estimates: H…Use of High Quantification Evidence in Fair Value Audits: Do Auditors Stay in their Comfort Zone? (2017)Use of High Quantification Ev…Executive Compensation: A Survey of Theory and Evidence ✶ ✶We thank Aubrey Clark, Fabrizio Ferri, Carola Frydman, Tom Gosling, Steve Kaplan, Gaizka Ormazabal, Kelly Shue, Alexander Wagner, David Zhang, and especially Pierre Chaigneau for helpful comments and Janet Chater, Irem Erten, Jesus Gorrin, Joseph Kalmenovitz, and Jiaying Wei for research assistance. (2017)Executive Compensation: A Sur…Market Risk Disclosures and Investment Efficiency: International Evidence from the Gulf Cooperation Council Financial Firms (2016)Market Risk Disclosures and I…CEO Pay, Managerial Power, and SFAS 123(R) (2012)CEO Pay, Managerial Power, an…Are voluntary disclosures that disavow the reliability of mandated fair value information informative or opportunistic? (2011)Are voluntary disclosures tha…Typology of the Eight Domains of Discretion in Organizations (2010)Typology of the Eight Domains…Evidence on differences between recognition and disclosure: A comparison of inputs to estimate fair values of employee stock options (2010)Evidence on differences betwe…Auditors' Perceptions of Fair-Value Accounting: Developing Country Evidence (2010)Auditors' Perceptions of Fair…Market Pricing of Banks’ Fair Value Assets Reported under Sfas 157 During the 2008 Economic Crisis (2009)Market Pricing of Banks’ Fair…Do Managers Value Stock Options and Restricted Stock Consistent with Economic Theory?* (2009)Do Managers Value Stock Optio…Assessing the Financial Reporting Consequences of Conversion to IFRS: The Case of Equity-Based Compensation (2009)Assessing the Financial Repor…The Effects of Employee Stock Options on Credit Ratings (2008)The Effects of Employee Stock…Managing Stock Option Expense: The Manipulation of Option‐Pricing Model Assumptions* (2006)Managing Stock Option Expense…Corporate Forecasts of Earnings Per Share and Stock Price Behavior: Empirical Test (1976)The economic implications of corporate financial reporting (2005)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Cross-Section of Expected Stock Returns (1992)Common risk factors in the returns on stocks and bonds (1993)Multifactor Explanations of Asset Pricing Anomalies (1996)Measuring Mutual Fund Performance with Characteristic‐Based Benchmarks (1997)Conditional Skewness in Asset Pricing Tests (2000)The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems (1993)Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature (2001)Prospect Theory: An Analysis of Decision under Risk (1979)Prospect theory: An analysis of decision under risk (1988)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Separation of Ownership and Control (1983)Opaque financial reports, R2, and crash risk☆ (2009)Understanding earnings quality: A review of the proxies, their determinants and their consequences (2010)A review of archival auditing research (2014)Management ownership and market valuation (1988)Higher market valuation of companies with a small board of directors (1996)Boards of Directors as an Endogenously Determined Institution: A Survey of the Economic Literature (2001)On the use of instrumental variables in accounting research (2009)Accounting earnings and cash flows as measures of firm performance (1994)A Review of the Earnings Management Literature and Its Implications for Standard Setting (1999)Errors in Estimating Accruals: Implications for Empirical Research (2002)How does financial reporting quality relate to investment efficiency? (2009)Risk, Return, and Equilibrium: Empirical Tests (1973)On Persistence in Mutual Fund Performance (1997)How do family ownership, control and management affect firm value? (2005)The Impact of Corporate Sustainability on Organizational Processes and Performance (2014)Earnings management and investor protection: an international comparison (2003)Earnings Management through Real Activities Manipulation (2003)Performance matched discretionary accrual measures (2005)Answering the Skeptics: Yes, Standard Volatility Models do Provide Accurate Forecasts (1998)A Comprehensive Look at The Empirical Performance of Equity Premium Prediction (2007)Strictly Proper Scoring Rules, Prediction, and Estimation (2007)
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References

  • 1991Earnings Management During Import Relief Investigations8,369 cited
  • 1995Detecting Earnings Management.6,532 cited
  • 2003Corporate Governance and Equity Prices6,115 cited
  • 1997Industry costs of equity5,793 cited
  • 1994Comparing Predictive Accuracy5,495 cited
  • 2002The Quality of Accruals and Earnings: The Role of Accrual Estimation Errors5,163 cited
  • 2002Audit committee, board of director characteristics, and earnings management4,633 cited
  • 1999Corporate governance, chief executive officer compensation, and firm performance4,334 cited
  • 1996Causes and Consequences of Earnings Manipulation: An Analysis of Firms Subject to Enforcement Actions by the SEC*4,076 cited
  • 1997Earnings management to avoid earnings decreases and losses3,839 cited
  • 2012Detecting Earnings Management3,821 cited
  • 1992The investment opportunity set and corporate financing, dividend, and compensation policies3,591 cited
  • 1985The effect of bonus schemes on accounting decisions3,311 cited
  • 2005The market pricing of accruals quality3,101 cited
  • 2011The effects of bonus schemes on accounting decisions2,579 cited

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1982
The stochastic behavior of common stock variances Value, leverage and interest rate effects
2,382 cited

Cited by

  • 2010Evidence on differences between recognition and disclosure: A comparison of inputs to estimate fair values of employee stock options90 cited
  • 2009Market Pricing of Banks’ Fair Value Assets Reported under Sfas 157 During the 2008 Economic Crisis88 cited
  • 2017Executive Compensation: A Survey of Theory and Evidence ✶ ✶We thank Aubrey Clark, Fabrizio Ferri, Carola Frydman, Tom Gosling, Steve Kaplan, Gaizka Ormazabal, Kelly Shue, Alexander Wagner, David Zhang, and especially Pierre Chaigneau for helpful comments and Janet Chater, Irem Erten, Jesus Gorrin, Joseph Kalmenovitz, and Jiaying Wei for research assistance.79 cited
  • 2017Use of High Quantification Evidence in Fair Value Audits: Do Auditors Stay in their Comfort Zone?75 cited
  • 2006Managing Stock Option Expense: The Manipulation of Option‐Pricing Model Assumptions*69 cited
  • 2018Auditing Complex Estimates: How Do Construal Level and Evidence Formatting Impact Auditors' Consideration of Inconsistent Evidence?56 cited
  • 2012CEO Pay, Managerial Power, and SFAS 123(R)52 cited
  • 2008The Effects of Employee Stock Options on Credit Ratings52 cited
  • 2009Do Managers Value Stock Options and Restricted Stock Consistent with Economic Theory?*51 cited
  • 2010Auditors' Perceptions of Fair-Value Accounting: Developing Country Evidence50 cited
  • 2022Examining the Effects of the Tax Cuts and Jobs Act on Executive Compensation*46 cited
  • 2016Market Risk Disclosures and Investment Efficiency: International Evidence from the Gulf Cooperation Council Financial Firms46 cited
  • 2010Typology of the Eight Domains of Discretion in Organizations41 cited
  • 2011Are voluntary disclosures that disavow the reliability of mandated fair value information informative or opportunistic?33 cited
  • 2009Assessing the Financial Reporting Consequences of Conversion to IFRS: The Case of Equity-Based Compensation28 cited
  • 2023The quality of voluntary and mandatory disclosures in company reports: a systematic literature network analysis28 cited