التفاصيل البيبلوغرافية
| العنوان: |
Self‐sacrifice or empty symbolism: A study of $1 CEOs. |
| المؤلفون: |
Dharmasiri, Prabashi, Garg, Mukesh, Ng, Anthony, Supardi, Supardi |
| المصدر: |
Accounting & Finance; Jun2024, Vol. 64 Issue 2, p1397-1437, 41p |
| مصطلحات موضوعية: |
EARNINGS management, CHIEF executive officers, SELF-sacrifice, INVESTORS, CORPORATE taxes, SYMBOLISM |
| مستخلص: |
We examine whether CEOs' voluntary acceptance of a $1 salary is a credible signal of sacrifice. We find that firms with $1 salary CEOs are: (i) more likely to be associated with income‐increasing accrual‐based earnings management; (ii) less likely to use real earnings management; and (iii) more likely to engage in corporate tax avoidance. Our results indicate that this performance enhancement is driven by the motivation to restore salaries to their original levels. Our results suggest that extreme salary sacrifice could indicate an empty promise to improve firm performance and should be considered cautiously by investors and regulators. [ABSTRACT FROM AUTHOR] |
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| قاعدة البيانات: |
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