英语翻译
Oneapproachtoselectingaccountingfundamentalsistostartwithanexhaustivelistofallfundamentalsthathavebeenidentifiedinpriorliterature.Theunderlyingproblemwiththisapproachisthatwewouldendupwithanextensivelistofaccountingfundamentalsforwhichthereislittleconceptuallinktoexecutives’bonuscompensation.Ourapproach,ontheotherhand,istofocusonasmallsubsetofaccountingfundamentalsthatweconceptuallylinktoexecutives’bonuscompensation.Insodoing,weidentifyandmotivatefivefundamentalmeasuresthatweincorporateinouranalysesthatwerepreviouslyidentifiedbyLevandThiagarajan(1993)andPiotroski(2000).