Minnick, Kristina; Zhao, Mengxin - In: Journal of Financial Research 32 (2009) 4, pp. 449-477
<heading id="h1" level="1" implicit="yes" format="display">Abstract</heading>We investigate how director incentives affect the occurrence of firms' backdating employee stock options. Directors with more wealth tied up in stock options may pursue activities that lead to personal gain, such as option backdating, which potentially increases the option recipient's...