ARTICLE IN PRESS Journal of Financial Economics 80 (2006) 511–529 www.elsevier.com/locate/jfec CEO incentives and earnings management$ Daniel Bergstressera‚Â Thomas Philipponb a Harvard Business School‚ Boston MA 02163‚USA NYU Stern School of Business‚ New York‚ NY 10012‚USA b Received 25 September 2003; accepted 13 October 2004 Available online 22 December 2005 Abtract We provide evidence that the use of discretionary accruals to manipulate reported earnings is more pronounced
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Electronic Waste The mishandling of electronic waste also referred to as E-Waste‚ has lasting environment and social impacts on underdeveloped and struggling countries that become dumping grounds for unwanted and nonworking electrical and electronic components and devices. Many of the electronic-waste recycling facilities are located in South and East Asia. E-waste is a source of electronic parts and valuable metals for reuse. This industry is only profitable in Asia‚ because laborers work for
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frugality. Our society needs frugality‚ it needs this value check and mindset change. However people are forgetting the frugality of extreme importance which we need to focus on‚ people are living in a extravagance wasteful public. In the last three decades‚ because of the reform and opening up policy‚ China has witnessed great achievement in the economy. As a result‚ a higher living standard and much more recreational activities are available to Chinese people. So the youth can own more pocket
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| Fraud Risk Assessment | | Fraud Risk Assessment | Fraud risk assessment is a process intended at proactively identifying and addressing an organization’s vulnerabilities to internal and external fraud. The fraud risk assessment is more of an art than a science. Every organization is different therefore what gets evaluated and what is assessed depends on the organization. Fraud risk assessments are an ongoing‚ continuous process rather than just an activity. A fraud risk assessment
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Electronic Waste” Nowadays people use lots of electronic devices in our daily lives. Also‚ they need more comfortable and more developed electronic device to accomplish their businesses. According to customer’s need‚ the electronic companies have been developing their goods. So people have often changed their electronic device they do not need those items though. Therefore‚ it produces lots of electronic waste such as computer‚ mp3‚ printers‚ and etc. Owing to growing the electronic waste‚ disposal
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BEATO ANGELICO WASTE DISPOSAL MANAGEMENT: Room 608 At the end of the 6th floor (Architecture Side) of the Beato Angelico building is the Organization room of the College (Room 608). Here lies the different student organizations. Inside are dividers which segregate the different organizations. Because of this‚ a lot of waste that are obviously produced by the students could possibly be trapped or hidden within each partition. The waiting area of the organization room is small and could only cater
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SOLID WASTE SEGREGATION AND RECYCLING IN METRO MANILA: HOUSEHOLD ATTITUDES AND BEHAVIOR Ma. Eugenia C. Bennagen‚ Georgina Nepomuceno and Ramil Covar June‚ 2002 ACKNOWLEDGEMENTS This study was made possible through a research grant from the IDRC/EEPSEA to the Resources‚ Environment and Economics Center for Studies‚ Inc. (REECS). The authors acknowledge with great appreciation
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Based on the vertical analysis done on the income statement‚ further explanation would be needed to explain the decrease in gross profit (as a percent to sales) over the three year period while overall expenses increase each year on both a percent-to-sales and total dollar amount increment. I would also be curious to understand why cost of goods sold is increasing year-over-year – are raw materials increasing‚ are inventory levels too high and we are writing off obsolete inventory‚ is part of the
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Government Contractor Fraud John Graham CJ 415 Section 1 Winter 2013 In his book titled Trusted Criminals‚ Friedrichs defines white collar crime as “illegal or unethical acts…by persons of high or respectable social status for personal or organizational gain” (Friedrichs‚ 2010). This may well be true in the corporate world‚ but in the world of Defense Contractors‚ many are just regular people performing a job. These people seize an opportunity to steal sometimes millions of tax payer dollars
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information technology sector in particular when he confessed fraud running into millions of dollars in a letter he wrote to the company’s board of directors (Ramachandran‚ 2009). This report is going to focus on‚ an overview of the events that happened in Satyam‚ its consequences on Satyam’s stakeholders‚ the auditors involved and their role in the scam and the current situation of those responsible for the fraud. OVERVIEW OF EVENTS IN SATYAM FROM 1987-2009 Raju formed Satyam in 1987 in Hyderabad‚ India
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