Post-IFRS Revaluation Adjustments and Executive Compensation

Kevin C.W. Chen, Feng Tang

Research output: Journal article publicationJournal articleAcademic researchpeer-review

11 Citations (Scopus)


After Hong Kong adopted IFRS in 2005, property companies were required to move their revaluation gains and losses (RGL) from equity to income. We find RGL to be a significant determinant of executive compensation in these firms after 2005, but not before. We further find evidence that the RGL-compensation association is driven by firms with relative weak corporate governance structure, such as firms in which the controlling shareholders own a relatively small percentage of shares, firms in which the controlling shareholders have control rights that exceed ownership rights, and firms that are no longer run by their founders.
Original languageEnglish
Pages (from-to)1210-1231
Number of pages22
JournalContemporary Accounting Research
Issue number2
Publication statusPublished - 1 Jun 2017

ASJC Scopus subject areas

  • Accounting
  • Finance
  • Economics and Econometrics


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