Review of Accounting and Finance: Volume 17 Issue 4

Does CEO compensation suppress employee wages?

Rachel Graefe-Anderson, Unyong Pyo, Baoqi Zhu

This study aims to examine the impact of CEO equity-based compensation (EBC) on employee wages. It also examines the impact of EBC on average employee wages in different…

Managing EPS and signaling undervaluation as a motivation for repurchases: The case of accelerated share repurchases

Ahmet C. Kurt

Accelerated share repurchases (ASRs) represent an important recent innovation in repurchase methods. Although executives often mention signaling undervaluation as a motivation for…

The predictive power of log-likelihood of GARCH volatility

Rangga Handika, Dony Abdul Chalid

This paper aims to investigate whether the best statistical model also corresponds to the best empirical performance in the volatility modeling of financialized commodity markets.

Abnormal lending and risk in Swedish financial institutions

Stephanos Papadamou, Dionisis Philippas, Batnini Firas, Thomas Ntitoras

This paper aims to examine the relationship between abnormal loan growth and risk in Swedish financial institutions by type and borrower using three indicators as proxies for…

The effect of real activities manipulation on going concern audit opinions for financially distressed companies

Hongkang Xu, Mai Dao, Jia Wu

This study aims to examine the effect of real activities manipulation (RAM) on auditors’ decision of issuing going concern (GC) opinions for distressed companies.

Dual-class firms’ choice of performance measures in CEO stock compensation contracts

Ji Li, Yuhchang Hwang

The purpose of this paper is to provide new evidence on the choice of performance measures used in dual-class firms to incentivize CEOs.