Show simple item record

dc.contributor.authorUjah, Nacasius U.
dc.date.accessioned2016-09-13T15:55:26Z
dc.date.available2016-09-13T15:55:26Z
dc.date.issued2013-12
dc.identifier.urihttp://hdl.handle.net/2152.4/83
dc.description.abstractThese essays explore the events which prompt managers to managing a firm’s earnings. Using econometric investigative tools and US Firm data, I find that managing earnings is exacerbated by golden parachute provision to executives – namely the Chief Executive Officers, older executives, the firm’s prior cost of capital – specifically, the high cost of debt, and firms located farther from stakeholders monitoring – specifically, the regional offices of the Securities and Exchange Commission (SEC). In the first essay, three questions are posed. These are: (i) Does the prior cost of debt and equity impact the propensity for firms to manage earnings? (ii) What type of prior cost of capital affects managed earnings behavior? (iii) Does the location of firms amplify the prior cost of capital effects on managed earnings? To mitigate and aid in the restructuring of a firm’s cost of capital, better performance and improved financial statements contributes immensely. As such, when a firm’s prior cost of capital is high, the firm is more likely to manage its earnings to help attain favorable placements – in the equity market and to lower borrowing costs from the debt market. In the second essay, two questions were asked. These are: (i) Do firms with golden parachute provisions manage their earnings more? (ii) Does the CEO’s age play a major role on the propensity to which firms manage their earnings? Arguably, golden parachutes can serve as a soft-landing mechanism for most CEOs or serve as an impetus for managers to undertake riskier projects. The empirical evidence in essay two suggests that firms with a golden parachute provision are more likely to manage their earnings. Furthermore, I find that the age of the CEO enhances the proclivity for firms to manage earnings.en_US
dc.language.isoen_USen_US
dc.publisherTexas A&M International Universityen_US
dc.subject.lcshCEOs (Executives)
dc.subject.lcshCorporate profits.
dc.subject.lcshEarnings management.
dc.titleEssays on the Interdependence of Earnings Quality, Financing Options, and Executive Contractual Clauseen_US
dc.typeThesisen_US
thesis.degree.nameDoctor of Philosophy
thesis.degree.levelDoctoral
thesis.degree.disciplineInternational Business Administration
thesis.degree.grantorTexas A&M International University
thesis.degree.departmentOffice of the Ph.D. Program
dc.contributor.committeeMemberJha, Anand
dc.contributor.committeeMemberGruben, William
dc.contributor.committeeMemberShankar, Siddharth
dc.contributor.committeeChairSears, Steve


Files in this item


Thumbnail

This item appears in the following Collection(s)

Show simple item record