Earnings Management around Employee Stock Option Reissues

By Jeffrey L. Coles, Mike Hertzel, Swaminathan L. Kalpathy. 2006

140 citations recorded by the source corpus.

Subfields: Accounting, Finance

View Paper: https://www.semanticscholar.org/paper/bce32f2d64df388601a145f900793a446400405e

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In Accounting

1. Weili Ge
2. Catherine Schrand
3. Amy X. Sun
4. Brossa Wong
5. C. Man
6. Patricia M. Dechow
7. Guojin Gong
8. Henock Louis

In Finance

1. Brossa Wong
2. C. Man
3. Amy X. Sun
4. Guojin Gong
5. Catherine Schrand
6. Dong Lou
7. Patricia M. Dechow
8. Weili Ge

Citations in the corpus

• You get what you Pay for: The Effect of Top Executives’ Compensation on Advertising and R&D Spending Decisions and Stock Market Return (2012, background): “, Coles, Daniel, and Naveen 2006; see Devers et al. 2007 for a review) relatively little is known about the impact of compensation on advertising and R&D spending decisions. Top executives are ultimately responsible for firm strategy, growth, risk, budgets, and firm performance in the product and ca”
• Understanding Earnings Quality: A Review of the Proxies, Their Determinants and Their Consequences (2010, background): “incorporate the implications of accruals into their forecasts (Kim and Schroeder, 1990; Coles et al., 2006; Burgstahler and Eames, 2003).”
• Executive Compensation: A Multidisciplinary Review of Recent Developments (2007, unknown): “Also, Coles, Hertzel, and Kalpathy (2006) proposed and found that executives attempt to manage earnings around stock option reissues in an effort to secure option grants at the lowest possible price.”
• Earnings Management and Firm Performance Following Open-Market Repurchases (2008, background): “Coles, Hertzel, and Kalpathy (2006) find that accruals are abnormally low in the period following announcements of cancellations of executive stock options up to the time the options are reissued, but stock price is unaffected by these apparent manipulations.”
• Attracting investor attention through advertising (2014, background): “8In a related vein, Coles, Hertzel, and Kalpathy (2006) show that managers also manipulate earnings around stock option reissues.”
• Corporate Governance and Earnings Management: A Survey of Literature (2013, background): “Prior studies do not suggest a relationship between stock option payments and earnings management (Cheng and Warfield, 2005; Coles, Hertzel, and Kalpathy, 2006; Bergstresser and Philippon, 2006; McAnally, Srivastava, and Weaver, 2008; Cohen, Dey, and Lys, 2008; Cornett, Marcus, and Tehranian, 2008…”