Abstract
Based on the data of Chinese A-share listed manufacturing companies from 2018 to 2020, this paper systematically explores the influence mechanism of executive compensation incentive on the relationship between real earnings management and expense stickiness. The empirical results show that:(1) Chinese manufacturing enterprises’ real earnings management level is negatively correlated with cost stickiness;(2) Executive compensation is negatively correlated with cost stickiness;(3) Executive compensation of listed companies is negatively correlated with real earnings management;(4) With the increase of executive compensation, the negative correlation between real earnings management level and expense stickiness weakens.
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