Equity incentive plans and R&D investment manipulation: evidence from China
نویسندگان
چکیده
Abstract This paper examines the issue of earning management in companies with equity incentives from two dimensions: manipulation intensity R&D and accounting treatment by using a sample Shanghai Shenzhen listed China 2014 to 2019. We find that order depress benchmarks exercise prices for performance appraisal incentive covenants, managers not only conduct accrual earnings expensing expenditure but also increase investment real management. where have more power are inclined opt concealed means try avoid management, which may entail higher regulatory costs greater litigation risk tightening regulations. Our findings contribute expanding literature on provide empirical evidence regulators implement ‘precision regulation’
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ژورنال
عنوان ژورنال: Accounting and finance
سال: 2022
ISSN: ['0810-5391', '1467-629X']
DOI: https://doi.org/10.1111/acfi.12919