CSR restatements; evidence of CEOs propping up compensation? (Accounting)

Project Member(s): Spiropoulos, H.

Funding or Partner Organisation: Accounting and Finance Association of Australia and New Zealand (Accounting & Finance Association of Australia and New Zealand - Research Grants)
Accounting and Finance Association of Australia and New Zealand (Accounting & Finance Association of Australia and New Zealand - Research Grants)

Start year: 2021

Summary: Using a comprehensive compensation disclosure environment, this project will provide detailed evidence on whether line-item restatements in CSR reports are evidence of prior overstatements when CEOs' compensation is tied to CSR performance measures. CSR metrics are multi-dimensional, can be quantitative and qualitative in nature, have no common measurement method (Pinnuck et al. 2019), and like non-GAAP earnings are not audited. Hence, CSR related performance targets may offer an additional avenue by which CEOs can inflate pay.

Publications:

Bachmann, RL & Spiropoulos, H 2023, 'CSR Restatements: Mischief or Mistake?', Journal of Management Accounting Research, vol. 35, no. 3, pp. 21-50.
View/Download from: Publisher's site

FOR Codes: Accounting, auditing and accountability, Accounting, Auditing and Accountability, Business Ethics

Acknowledgement of Country

UTS acknowledges the Gadigal people of the Eora Nation, the Boorooberongal people of the Dharug Nation, the Bidiagal people and the Gamaygal people upon whose ancestral lands our university stands. We would also like to pay respect to the Elders both past and present, acknowledging them as the traditional custodians of knowledge for these lands.