CEO pay and non-GAAP reporting are linked, study shows

Jenny Ruth
Mon, 10 Dec 2018

By Jenny Ruth Dec. 10 (BusinessDesk) - The more highly paid the chief executives of publicly listed companies, the more likely they are to use figures that don’t conform to generally accepted accounting principles, according to a University of Otago study. Not only is the use of such non-GAAP figures increasing, but managers are more likely to use them when they miss their GAAP earnings benchmarks, the study found. “Firms experiencing a decrease in earnings demonstrate a stronger association between CEO cash compensation and the likeli...

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