Impact of Job Complexity and Performance on CFO Compensation
Temple University - Department of Accounting
Afshad J. Irani
Washington and Lee University - Department of Accounting
University of Texas at San Antonio
January 20, 2012
Accounting Horizons, Forthcoming
This study investigates the impact of job complexity and firm, as well as CFO-specific performance, on CFO compensation. We find job complexity and overall firm performance affects both CFO salary and bonus, while CFO-specific performance affects CFO bonus. Specifically, we find that CFOs are not only rewarded when their firms meet or beat earnings targets, but they get incremental rewards for managing earnings and/or expectations to allow their firms to meet or just beat those targets.
Number of Pages in PDF File: 37
Date posted: February 22, 2012
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