Question

急！！！求专业人士帮忙翻译一下，会计英语，不要软件翻译出来的哦，谢谢谢谢

ABSTRACT It has long been established that because of accounting conservatism, the
contemporaneous correlation between returns and earnings is lower (higher) for good
(bad) news firm-years. Meanwhile, prior analytical agency work suggests that the
compensation role of accounting earnings is potentially greater (for tasks such as noise
filtering and incentive balancing) when the contemporaneous correlation between
earnings and returns is lower. Hence, since accounting conservatism implies that
earnings have a lower correlation with returns in good news firm-years, the present
paper hypothesises that UK CEO cash compensation exhibits a stronger (weaker)
sensitivity to accounting earnings in good (bad) news firm-years. The empirical findings
offer substantial support for this hypothesis and are robust to alternative estimation
methodologies. In addition, the results appear not to be attributable to the wellestablished
impact of earnings persistence on the compensation–earnings association.
Overall, the findings are consistent with the notion that UK compensation committees
appear to take cognisance of the impact of accounting conservatism when awarding
earnings-based compensation. In addition, the present work offers additional insights
into the nature of the interaction between the contracting and valuation roles of
accounting numbers.

Answer 1

稍等 在给你翻 不是专业做会计的 但大概是这个意思
摘要：长期以来，由于会计稳健，同期回报与收益之间的相关度在好消息多（少）的年度较低（高）。与此同时，事先分析机构的工作表明当同期回报与收益之间的相关度较低的时候，会计收益的补偿作用潜在上更大。因此，由于会计稳健意味着有好消息的公司年度盈利和返现间具有较低的相关度，现在的论文就假定英国的首席执行官的现金补偿好消息多（少）的年度对会计收益表现出了更强（弱）的敏感性。实证研究结果为这一假说提供了大量的支持和强大的替代估算方法。此外，在补偿盈利时，结果并不归因于盈利持久性的影响。总体而言，调查结果和英国赔偿委员在以收益为基础的补偿时采取保守主义的方法是一致的。此外，目前的工作在会计数字的约定和评估的角色之间的相互作用上也提供了不同的见解。

Answer 2

真复杂，是ceo报酬与盈利数据的关系么？