The Accounting Review Vol. 63 No. 1 1988
SEC Disclosure Regulation Management Perquisites.
Abstract
This study examines the joint effect of perquisite disclosure regulations and enforcement policies on changes in cash salary and bonus compensation paid to chief executive officers. It is hypothesized that the combined effect of an SEC perquisite disclosure requirement and the IRS policy of taxing perquisites as income causes a shift from perquisites to monetary compensation. A regression model is used to assess the changes in real compensation. The findings support the hypothesis that a change in the chief executive officers' compensation occurred as a result of the disclosure requirement and tax policies.
- DOI
- 10.2308/tar-4482212
- Volume
- 63
- Issue
- 1
- Pages
- 23-41
- Language
- en
- Sources
- openalex crossref