a b s t r a c tThis paperexamineswh

a b s t r a c t
This paperexamineswhyCFOsbecomeinvolvedinmaterialaccountingmanipulations.
We findthatwhileCFOsbearsubstantiallegalcostswheninvolvedinaccounting
manipulations,theseCFOshavesimilarequityincentivestotheCFOsofmatchednon-
manipulationfirms.Incontrast,CEOsofmanipulationfirmshavehigherequity
incentivesandmorepowerthanCEOsofmatchedfirms.Takentogether,ourfindings
are consistentwiththeexplanationthatCFOsareinvolvedinmaterialaccounting
manipulationsbecausetheysuccumbtopressurefromCEOs,ratherthanbecausethey
seek immediatepersonalfinancialbenefitfromtheirequityincentives.AAERcontent
analysisreinforcesthisconclusion.
& 2010ElsevierB.V.Allrightsreserved.
1. Introduction
Recent corporateaccountingscandalshaveledtosignificantlossesforinvestors,triggeredaseriesofcorporate
governance reformsandlegislativechanges,andpromptedeffortstoidentifytheunderlyingcausesofthesescandals.Prior
research hasfocusedontheincentivesofCEOsortheexecutiveteamasawholetomanipulateaccountingearnings

ผลลัพธ์ (ไทย) 1:

แบบ b t r s c tPaperexamineswhyCFOsbecomeinvolvedinmaterialaccountingmanipulations นี้เรา findthatwhileCFOsbearsubstantiallegalcostswheninvolvedinaccountingตกแต่ง theseCFOshavesimilarequityincentivestotheCFOsofmatchednon-manipulationfirms Incontrast, CEOsofmanipulationfirmshavehigherequityincentivesandmorepowerthanCEOsofmatchedfirms.Takentogether,ourfindingsมี consistentwiththeexplanationthatCFOsareinvolvedinmaterialaccountingmanipulationsbecausetheysuccumbtopressurefromCEOs, ratherthanbecausetheyค้นหา immediatepersonalfinancialbenefitfromtheirequityincentives AAERcontentanalysisreinforcesthisconclusion& 2010ElsevierB.V.Allrightsreservedบทนำล่าสุด corporateaccountingscandalshaveledtosignificantlossesforinvestors, triggeredaseriesofcorporateการกำกับดูแล reformsandlegislativechanges, andpromptedeffortstoidentifytheunderlyingcausesofthesescandals ก่อนงานวิจัย hasfocusedontheincentivesofCEOsortheexecutiveteamasawholetomanipulateaccountingearnings

ผลลัพธ์ (ไทย) 2:

นามธรรม
paperexamineswhyCFOsbecomeinvolvedinmaterialaccountingmanipulations นี้.
เรา 2010ElsevierB.V.Allrightsreserved. 1 บทนำล่าสุด hasfocusedontheincentivesofCEOsortheexecutiveteamasawholetomanipulateaccountingearnings

ผลลัพธ์ (ไทย) 3:

A B C S T R T这paperexamineswhyCFOsbecomeinvolvedinmaterialaccountingmanipulations。我们findthatwhileCFOsbearsubstantiallegalcostswheninvolvedinaccounting-对，theseCFOshavesimilarequityincentivestotheCFOsofmatchednonmanipulationfirms.Incontrast，CEOsofmanipulationfirmshavehigherequityincentivesandmorepowerthanCEOsofmatchedfirms.Takentogether，ourfindings是consistentwiththeexplanationthatCFOsareinvolvedinmaterialaccountingmanipulationsbecausetheysuccumbtopressurefromCEOs，ratherthanbecausethey结果immediatepersonalfinancialbenefitfromtheirequityincentives.AAERcontentanalysisreinforcesthisconclusion。2010ElsevierB.V.Allrightsreserved &。简介1。最近，triggeredaseriesofcorporate corporateaccountingscandalshaveledtosignificantlossesforinvestorsandpromptedeffortstoidentifytheunderlyingcausesofthesescandals.Prior reformsandlegislativechanges，治理研究hasfocusedontheincentivesofCEOsortheexecutiveteamasawholetomanipulateaccountingearnings