Post-IFRS Revaluation Adjustments and Executive Compensation

Kevin C.W. Chen; Feng Tang

doi:10.1111/1911-3846.12285

Post-IFRS Revaluation Adjustments and Executive Compensation

Kevin C.W. Chen, Feng Tang

Research output: Journal article publication › Journal article › Academic research › peer-review

13 Citations (Scopus)

Abstract

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 language	English
Pages (from-to)	1210-1231
Number of pages	22
Journal	Contemporary Accounting Research
Volume	34
Issue number	2
DOIs	https://doi.org/10.1111/1911-3846.12285
Publication status	Published - 1 Jun 2017

ASJC Scopus subject areas

Accounting
Finance
Economics and Econometrics

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10.1111/1911-3846.12285

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Post-IFRS Revaluation Adjustments and Executive Compensation

Abstract

ASJC Scopus subject areas

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