平特五不中

Congratulations to聽Seung Hwan (Peter) Oh, Assistant Professor in Accounting, who has been awarded the 2022-2023 FRQSC New Academics Grant聽(Soutien 脿 la recherche pour la rel猫ve professorale) for his project titled聽鈥淗ow Do You Want to Evaluate Your CEO? The Role of Subjective Evaluation when Objective Indicators Malfunction鈥� (鈥淐omment souhaitez-vous 茅valuer votre chef de la direction? R么le de l鈥櫭﹙aluation subjective en pr茅sence d鈥檌ndicateurs objectifs inefficaces鈥�).

How to appropriately compensate Chief Executive Officers based on accurate evaluation of their annual performance has always been one of the central issues in real-world practice and academic research. Given that the Board of Directors has to rely either (or both) on (1) key objective indicators (such as the firm鈥檚 annual earnings and cash flow) or (2) subjective judgments when finalizing the CEOs鈥� pay packages, having the proper intuition on the role of objective indicators and subjective judgement is crucial in understanding the companies鈥� performance evaluation schemes. Accordingly, Professor Oh will collect comprehensive information regarding CEOs鈥� subjective performance evaluation criteria disclosed in legal filings of public companies and examine whether the Board of Directors are more (or less) likely to implement subjective judgement based on non-financial indicators when evaluating their CEO鈥檚 performance for annual incentive awards if objective summary indicators such as accounting earnings fails to reflect the inherent changes in firm value.

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