Performance Standards in Incentive Contracts

By Kevin J. Murphy. 2000

535 citations recorded by the source corpus.

Subfields: Accounting, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/aa112e04f990e316061ef1fd2afe9531159d4ea9

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Citations in the corpus

The effect of CEO inside debt holdings on financial reporting quality (2015, background): “…choices in terms of bonus incentive (e.g., Watts and Zimmerman 1986; Healy 1985; Gaver et al. 1995; Holthausen et al. 1995; Guidry et al. 1999; Murphy 2000) and equity incentive (e.g. Aboody and Kasznik 2000; Bartov and Mohanram 2004; Cheng and Warfield 2005; Bergstresser and Philippon 2006;…”
Rethinking Measurement of Pay Disparity and Its Relation to Firm Performance (2019, background): “Ch rev + Firms are likely to base performance pay on accounting numbers, and revenue represents income to the firm to be distributed among stakeholders (Murphy 2001).”
Budgeting Research: Three Theoretical Perspectives and Criteria for Selective Integration (2003, background): “Consistent with results from analytical models, Murphy finds that organizations are less likely to use internal goals as performance goals when these goals contain more random variation (i.e., when the internal goals are ‘‘noisier’’) and thereby impose more risk on risk-averse managers relative to e”
Corporate-sponsored foundations and earnings management (2006, background): “Barth, Elliott and Finn (1999) demonstrate that prior year earnings are an important benchmark to the equity market and Murphy (1999) shows that prior year accounting performance is a common standard by which current performance is judged in executive bonus contracts.”
An Empirical Investigation of Gaming Responses to Explicit Performance Incentives (2004, unknown): “A shortcoming of our previous work was that it provided no systematic statistical modeling.”
The Fit Between CEO Compensation Design and Firm Risk (2002, unknown): “adopt low risk/low return strategies) ( Murphy, 2000 ).”
Organizational Learning in Target Setting (2017, background): “…evaluation and compensation (Simons, 2000).4 At the start of each period, divisions, departments, and often individuals are given a target that defines the organization’s aspirations for them, and performance is routinely evaluated relative to this target (Matsumura & Shin, 2006; Murphy, 2000).”
Financial Accounting Information and Corporate Governance (2001, background): “Natarajan (1996) examines whether working capital from operations and cash flow from operations provide information over and above aggregate earnings in determining CEO cash compensation.”
Changes in bonus contracts in the post-Sarbanes–Oxley era (2009, unknown): “Murphy (2000) finds that 91% of his sample firms use accounting measures in their bonus plans.”
The pros and cons of rewarding social responsibility at the top (2009, background): “Indeed, Murphy (2000) provided evidence of the dominance of financial performance criteria in executive compensation plans.”