Our aim is to draw inferences about the quality of governance practiced by a firm based on the observed empirical relation between the alignment of interests and expensing, and between transparency and expensing, respectively.
We predict that expensing is more likely to occur in firms that practice good governance, as reflected in their alignment of interests and transparency.
Our hypothesis on expensing and corporate governance practice is consistent with Guay et al. (2003), who predict: "that the governance of expensing firms is more effective than that of non-expensers" (p. 408).
- 成程Lv 41 0 年前最佳解答
我們對費用化及公司管理支配的實務上之假設與Guay et al. (2003)是一致的。我們預測員工認股費用化較沒有費用化的公司，在管理支配上較有效率。參考資料： 自己