Do CEO Stock Options Prevent or Promote Corporate Accounting Irregularities?
This study examines the extent to which accounting restatements are related to, and possibly driven by, CEO compensation level and mix. Results indicate that there is a strong positive relationship between stock options grants to CEOs and subsequent accounting restatements in a sample of large, publicly held companies. Sponsor: State of Oklahoma PIs: Kenneth M. Gilley, University of Wisconsin at Milwaukee: Richard L. Priem, J.P. O’Connor University of Richmond: Joseph E. Coombs Corporate Social Performance and CEO Compensation. This study explored whether CEO compensation is tied to corporate social performance (in addition to financial performance). The prediction that CEOs would be rewarded for achieving high levels of social and financial performance was only partially supported. Results indicate that some types of social performance appear to be punished. Sponsor: State of Oklahoma PIs: Kenneth M.Gilley, University of Richmond: Joseph E.Coombs Diversity at the Top: Effects of Women
