Browsing R & P Seminar by Subject "Non-GAAP"
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High Non-GAAP Earnings Predict Abnormally High CEO Pay
(Indian Institute of Management Ahmedabad, 2017-11-09)Using the standard academic model of executive compensation, we document excessive CEO pay for the S&P 500 firms that report non-GAAP earnings that are much higher than their GAAP earnings. We also find that, on average, ...