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Executive Stock Option Incentive,Related Non-Executive Director and Earnings Management
SONG Chang,ZHANG Jiangkai,LI Piao
Renmin University of China, Beijing, China

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Abstract  Based on principal-agent theory and board governance theory,this study adopts modified Jones model to study the influence of correlated non-executive director governance on earnings management behavior in executive stock option incentive.The results show that the association of non-executive directors can effectively inhibit the earnings management before the announcement and before the first exercise of the executive stock option incentive draft.Furthermore,compared with state-owned enterprises,the non-executive directors of non-state-owned enterprises have a more significant inhibitory effect on earnings management in stock option incentive.However,the power of management will hinder the inhibition of earnings management by correlated non-executive directors,and correlated non-executive directors with financial experience have more significant inhibition of earnings management in stock option incentive.
Key wordsstock option incentive      related non-executive directors      management power      earnings management     
Received: 26 January 2019     
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SONG Chang
ZHANG Jiangkai
LI Piao
Cite this article:   
SONG Chang,ZHANG Jiangkai,LI Piao. Executive Stock Option Incentive,Related Non-Executive Director and Earnings Management[J]. Chinese Journal of Management, 2019, 16(9): 1301-.
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http://manu68.magtech.com.cn/Jwk_glxb/EN/     OR     http://manu68.magtech.com.cn/Jwk_glxb/EN/Y2019/V16/I9/1301
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