Lee, Chuo-Hsuan; Alam, Pervaiz - In: Review of Quantitative Finance and Accounting 23 (2004) 4, pp. 329-352
The major purposes of this study are two fold. First, we investigate whether or not the dilutive effect from stock options on the denominator of earnings per share is associated with the incurrence of stock repurchases. We use the FASB dilution and the economic dilution as the direct dilution...