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Taxes and the Use of Subjectivity in Executive Bonus Plans.

Record Type:	Electronic resources : Monograph/item
Title/Author:	Taxes and the Use of Subjectivity in Executive Bonus Plans./
Author:	Fox, Zackery Donald.
Published:	Ann Arbor : ProQuest Dissertations & Theses, : 2021,
Description:	76 p.
Notes:	Source: Dissertations Abstracts International, Volume: 83-03, Section: A.
Contained By:	Dissertations Abstracts International83-03A.
Subject:	Subjectivity. -
Online resource:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=28416227
ISBN:	9798538167913

Taxes and the Use of Subjectivity in Executive Bonus Plans.
Fox, Zackery Donald.

Taxes and the Use of Subjectivity in Executive Bonus Plans. - Ann Arbor : ProQuest Dissertations & Theses, 2021 - 76 p.

Source: Dissertations Abstracts International, Volume: 83-03, Section: A.

Thesis (Ph.D.)--University of Oregon, 2021.

This item must not be sold to any third party vendors.

In this study, I examine whether taxes influence the design of executive compensation incentives. Recently, the Tax Cuts and Jobs Act (TCJA) removed the requirement that bonus plans be tied to objective and verifiable performance measures for the bonus to be tax deductible. A potential consequence of this removal is that firms will begin to rely more heavily on subjectivity and discretion in their bonus arrangements. I find an increase, post-TCJA, in both the number of and the weight applied to performance measures with discretionary criteria. Using various cross-sectional analyses, I further connect my findings to taxes and find that the effect I document is concentrated among firms with a greater sensitivity to the loss of a tax deduction from the TCJA. Overall, the results suggest that the recent tax reform influenced the design of executive bonus plans by facilitating the inclusion of additional subjective performance measures.

ISBN: 9798538167913Subjects--Topical Terms:

525978
Subjectivity.
Subjects--Index Terms:

Bonus plans

Taxes and the Use of Subjectivity in Executive Bonus Plans.
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100 1 $a Fox, Zackery Donald. $0 (orcid)0000000237868036 $3 3687194
245 1 0 $a Taxes and the Use of Subjectivity in Executive Bonus Plans.
260 1 $a Ann Arbor : $b ProQuest Dissertations & Theses, $c 2021
300 $a 76 p.
500 $a Source: Dissertations Abstracts International, Volume: 83-03, Section: A.
500 $a Advisor: Wilson, Ryan.
502 $a Thesis (Ph.D.)--University of Oregon, 2021.
506 $a This item must not be sold to any third party vendors.
520 $a In this study, I examine whether taxes influence the design of executive compensation incentives. Recently, the Tax Cuts and Jobs Act (TCJA) removed the requirement that bonus plans be tied to objective and verifiable performance measures for the bonus to be tax deductible. A potential consequence of this removal is that firms will begin to rely more heavily on subjectivity and discretion in their bonus arrangements. I find an increase, post-TCJA, in both the number of and the weight applied to performance measures with discretionary criteria. Using various cross-sectional analyses, I further connect my findings to taxes and find that the effect I document is concentrated among firms with a greater sensitivity to the loss of a tax deduction from the TCJA. Overall, the results suggest that the recent tax reform influenced the design of executive bonus plans by facilitating the inclusion of additional subjective performance measures.
590 $a School code: 0171.
650 4 $a Subjectivity. $3 525978
650 4 $a Public policy. $3 532803
653 $a Bonus plans
653 $a Discretion
653 $a Executive compensation
653 $a Subjective performance measures
653 $a Subjectivity
653 $a Tax policy
690 $a 0272
690 $a 0454
690 $a 0630
710 2 $a University of Oregon. $b Department of Accounting. $3 2102809
773 0 $t Dissertations Abstracts International $g 83-03A.
790 $a 0171
791 $a Ph.D.
792 $a 2021
793 $a English
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=28416227