英语翻译
One approach to selecting accounting fundamentals is to start with an exhaustive list of all fundamentals that have been identified in prior literature.The underlying problem with this approach is that we would end up with an extensive list of accounting fundamentals for which there is little conceptual link to executives’ bonus compensation.Our approach,on the other hand,is to focus on a small subset of accounting fundamentals that we conceptually link to executives’ bonus compensation.In so doing,we identify and motivate five fundamental measures that we incorporate in our analyses that were previously identified by Lev and Thiagarajan (1993) and Piotroski (2000).