國立高雄大學圖資館 |

Language: English

Back

Fair value gains and losses in deriv...

Manchiraju, Hariom.

Fair value gains and losses in derivatives and CEO compensation.

Record Type:	Electronic resources : Monograph/item
Title/Author:	Fair value gains and losses in derivatives and CEO compensation.
Author:	Manchiraju, Hariom.
Description:	48 p.
Notes:	Source: Dissertation Abstracts International, Volume: 72-09, Section: A, page: .
Notes:	Adviser: William J. Kross.
Contained By:	Dissertation Abstracts International72-09A.
Subject:	Business Administration, Accounting.
Online resource:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3460778
ISBN:	9781124731254

Fair value gains and losses in derivatives and CEO compensation.
Manchiraju, Hariom.

Fair value gains and losses in derivatives and CEO compensation. - 48 p.

Source: Dissertation Abstracts International, Volume: 72-09, Section: A, page: .

Thesis (Ph.D.)--State University of New York at Buffalo, 2011.

I examine the sensitivity of CEO compensation to fair value gains and losses in derivatives for a sample of U.S. oil and gas producers from 2007 to 2009. I provide evidence I provide evidence that CEO cash compensation, but not equity compensation is sensitive to derivative gains/losses. Further, only the derivative gains/losses reflected in current earnings affect CEO compensation. I find that CEO cash compensation is less sensitive to derivative gains/losses than to other earnings components. However, CEO cash compensation is nearly three times more sensitive to derivative gains than to derivative losses, suggesting that CEOs opportunistically influence compensation committees to reward them for derivative gains but shield their compensation from derivative losses. Finally, I show that the asymmetric treatment of derivative gains/losses in CEO cash compensation decreases in the presence of strong corporate governance.

ISBN: 9781124731254Subjects--Topical Terms:

227519
Business Administration, Accounting.

Fair value gains and losses in derivatives and CEO compensation.
LDR:01918nmm 2200301 4500 001 309758
005 20111105132508.5
008 111212s2011 ||||||||||||||||| ||eng d
020 $a 9781124731254
035 $a (UMI)AAI3460778
035 $a AAI3460778
040 $a UMI $c UMI
100 1 $a Manchiraju, Hariom. $3 531116
245 1 0 $a Fair value gains and losses in derivatives and CEO compensation.
300 $a 48 p.
500 $a Source: Dissertation Abstracts International, Volume: 72-09, Section: A, page: .
500 $a Adviser: William J. Kross.
502 $a Thesis (Ph.D.)--State University of New York at Buffalo, 2011.
520 $a I examine the sensitivity of CEO compensation to fair value gains and losses in derivatives for a sample of U.S. oil and gas producers from 2007 to 2009. I provide evidence I provide evidence that CEO cash compensation, but not equity compensation is sensitive to derivative gains/losses. Further, only the derivative gains/losses reflected in current earnings affect CEO compensation. I find that CEO cash compensation is less sensitive to derivative gains/losses than to other earnings components. However, CEO cash compensation is nearly three times more sensitive to derivative gains than to derivative losses, suggesting that CEOs opportunistically influence compensation committees to reward them for derivative gains but shield their compensation from derivative losses. Finally, I show that the asymmetric treatment of derivative gains/losses in CEO cash compensation decreases in the presence of strong corporate governance.
590 $a School code: 0656.
650 4 $a Business Administration, Accounting. $3 227519
650 4 $a Business Administration, Management. $3 212493
690 $a 0272
690 $a 0454
710 2 $a State University of New York at Buffalo. $b Accounting and Law. $3 531117
773 0 $t Dissertation Abstracts International $g 72-09A.
790 1 0 $a Kross, William J., $e advisor
790 1 0 $a Hamlen, Susan S. $e committee member
790 1 0 $a Suk, Inho $e committee member
790 $a 0656
791 $a Ph.D.
792 $a 2011
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3460778