Alignment between compensation-contracting and value-relevance roles of renenues / (Record no. 9279)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 01759nam a22002177a 4500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20231025170055.0 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 231025b ph ||||| |||| 00| 0 eng d |
| 022 ## - INTERNATIONAL STANDARD SERIAL NUMBER | |
| International Standard Serial Number | 2380-2146 |
| 040 ## - CATALOGING SOURCE | |
| Transcribing agency | OCT |
| 100 ## - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Liu, Hanni |
| 240 ## - UNIFORM TITLE | |
| Uniform title | Journal of Financial Reporting / |
| Medium | Spring 2023 |
| 245 ## - TITLE STATEMENT | |
| Title | Alignment between compensation-contracting and value-relevance roles of renenues / |
| Statement of responsibility, etc. | Hanni Liu, Anup Srivastava, & Jennifer Yin |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Place of publication, distribution, etc. | Lakewood Ranch, FL : |
| Name of publisher, distributor, etc. | American Accounting Association, |
| Date of publication, distribution, etc. | 2023 |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | Vol 8(1) : pages 63-96 |
| 505 ## - FORMATTED CONTENTS NOTE | |
| Formatted contents note | ABSTRACT : Revenue is the closest proxy in financial statement for market size and dominance, factors that determine the survival and future profits of modern corporations. Hence, revenue may contain value-relevant information, incremental to information contained in earnings. We find that revenue is used as a performance metric in executive compensation contracts when it provides information on equity valuation beyond the information provided by earnings. We call this occurrence an alignment between revenues contracting and the valuation roles. The alignment is higher for firms in newer industries, with investors who focus on revenue targets, with managers who provide revenue guidance, and with analysts who issue revenue forecasts. This alignment seems efficient because revenue is more informative of future profits when it carries higher weight in executive compensation contracts. We conclude that modern corporations increasingly incentivize managers to create new markets and defend existing market shares, in addition to maximizing current profits. |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name entry element | Revenue |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name entry element | Value relevance |
| 700 ## - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Srivastava, Anup |
| 700 ## - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Yin, Jennifer |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Source of classification or shelving scheme | Dewey Decimal Classification |
| Koha item type | Continuing Resources |
| Suppress in OPAC | No |
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