TITLE

Discussion of 'Equity Incentives and Long-Term Value Created by SG&A Expenditure'

AUTHOR(S)
Matějka, Michal
PUB. DATE
September 2011
SOURCE
Contemporary Accounting Research;Fall2011, Vol. 28 Issue 3, p831
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article presents commentary on a paper contained in the current issue by R. Banker, R. Huang, and R. Natarajan (BHN) entitled "Equity Incentives and Long-Term Value Created by SG&A Expenditures." The author observes that the BHN paper seeks to determine to what extent companies consider the value-creating potential of selling, general, and administrative expenses when formulating compensation schemes. He recognizes that the measure of investment proposed by BHN has two significant advantages, as well as one substantial shortcoming.
ACCESSION #
65328846

 

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