Note(s): Presented in Table 10 are the results for linear probability model controlling year and firm fixed effects using cluster-robust standard errors. The regressions are clustered by firm. In Column 1, the independent variable Accounting Quality1 is a composite measure, which is the average of standardized Big4, standardized Earning Predict CF, and the opposite of standardized Abnormal Accruals. In Column 2, Accounting Quality2 is also a composite measure, which is the average of the three ranks scaled by the number of observations: the rank in Big4, the rank in Earning Predict CF, and the rank in Abnormal Accruals (in decreasing order). The sample includes observations in which CEOs received either a discretionary bonus or a formula bonus but not both. The regressions control for year and firm fixed effects. All variables are defined in Appendix. *, **, and *** indicate that the estimated coefficients are statistically significant at the 0.10, 0.05, and 0.01% level, respectively. P-values in brackets are from two-tailed t-tests