The effect of XBRL adoption on the pay-performance sensitivity
碩士 === 國立成功大學 === 會計學系 === 107 === The purpose of this paper is to investigate the effect of the XBRL mandate on pay-performance sensitivity. I posit that XBRL improves external monitoring and in turn strengthens the link between pay and performance. Irrespective of market-based or accounting-based...
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| Format: | Others |
| Language: | en_US |
| Published: |
2019
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| Online Access: | http://ndltd.ncl.edu.tw/handle/mms6kc |
| Summary: | 碩士 === 國立成功大學 === 會計學系 === 107 === The purpose of this paper is to investigate the effect of the XBRL mandate on pay-performance sensitivity. I posit that XBRL improves external monitoring and in turn strengthens the link between pay and performance. Irrespective of market-based or accounting-based performance measures, the empirical results reveal that pay-performance sensitivity increases after XBRL adoption. Moreover, I find that firm is likely to give more equity-based compensation after XBRL mandate. I also provide evidence that XBRL reporting improves the monitoring environment to a greater extent for small firms. In dynamic analysis, the result provide evidence to support the causal inferences about the relationship between XBRL implement and compensation contract design.
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