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Fair value gains and losses in deriv...

Manchiraju, Hariom.

Fair value gains and losses in derivatives and CEO compensation.

紀錄類型:	書目-電子資源 : Monograph/item
正題名/作者:	Fair value gains and losses in derivatives and CEO compensation.
作者:	Manchiraju, Hariom.
面頁冊數:	48 p.
附註:	Source: Dissertation Abstracts International, Volume: 72-09, Section: A, page: .
附註:	Adviser: William J. Kross.
Contained By:	Dissertation Abstracts International72-09A.
標題:	Business Administration, Accounting.
電子資源:	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.
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