The Role of Politics in Repricing Executive Options

We explore how CEO power impacts executive option repricing. The spread between the option strike price and the market value of the stock impacts the likelihood of repricing. This effect is enhanced when the CEO is the Chairman of the Board. Firm and CEO visibility, having more board members appointed after the CEO, having a classified board, and higher percentages of CEO and institutional ownership reduce the impact of spread on the likelihood of repricing

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Year of publication:	[2002]
Authors:	Pollock, Tim
Other Persons:	Fischer, Harald M. (contributor) ; Wade, James B. (contributor)
Publisher:	[2002]: [S.l.] : SSRN
Description of contents:	Abstract [papers.ssrn.com]

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Extent:	1 Online-Ressource
Type of publication:	Book / Working Paper
Notes:	In: Academy of Management Journal, Forthcoming Volltext nicht verfügbar
Classification:	G3 - Corporate Finance and Governance ; M1 - Business Administration
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012787265