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The effects of executive share options and investment opportunities on firms' accounting performance: Some Australian evidence
Hutchinson, Marion R.; Gul, Ferdinand A. - 2006
associated with better firm performance. In addition, this study shows that executives have greater risk-bearing preferences at …
Persistent link: https://www.econbiz.de/10009483381
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Employment risk, compensation incentives and managerial risk taking: Evidence from the mutual fund industry
Kempf, Alexander; Ruenzi, Stefan; Thiele, Tanja - Institut für Finanzmarktforschung, Wirtschafts- und … - 2008
We examine the influence on managerial risk taking of incentives due to employment risk and due to compensation. Our … empirical investigation of the risk taking behavior of mutual fund managers indicates that managerial risk taking crucially … depends on the relative importance of these incentives. When employment risk is more important than compensation incentives …
Persistent link: https://www.econbiz.de/10010957204
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Do CEO compensation incentives affect firm innovation? Purpose–The purpose of this paper is to examine if the structure and design of CEO compensation has any effect on firm innova...
Sheikh, Shahbaz - In: Review of Accounting and Finance 1 (2012) February, pp. 4-39
Persistent link: https://www.econbiz.de/10010540360
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The relationship between audit committees, compensation incentives and corporate audit fees in Pakistan
Rustam, Sehrish; Rashid, Kashif; Zaman, Khalid - In: Economic Modelling 31 (2013) C, pp. 697-716
the risk of biasness and collinearity among variables. The result of panel regression indicates that audit committee …
Persistent link: https://www.econbiz.de/10010636289
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VALUATION OF EMPLOYEE RELOAD OPTIONS USING UTILITY MAXIMIZATION APPROACH
LAU, KA WO; KWOK, YUE KUEN - In: International Journal of Theoretical and Applied … 08 (2005) 05, pp. 659-674
–Scholes risk neutral valuation approach may not be appropriate to be adopted as the pricing vehicle for employee stock options, due … options with reload provision. The risk aversion of the employee enters into the pricing model through the choice of the … outstanding, the risk aversion level and personal wealth. In particular, we explore how the reload provision may lower the …
Persistent link: https://www.econbiz.de/10004971781
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Option grants and investor reaction to restatement-induced litigation Purpose – The purpose of this paper is to examine the relation between CEO option grants at the beginning of t...
Amoah, Nana Y. - In: Review of Accounting and Finance 1 (2012) February, pp. 40-52
Persistent link: https://www.econbiz.de/10010814971
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Analysts' estimates: What they could be telling us about the impact of IFRS on earnings manipulation in Europe Purpose – The purpose of this paper is to examine whether mandatory a...
Aubert, François; Grudnitski, Gary - In: Review of Accounting and Finance 1 (2012) February, pp. 53-72
Persistent link: https://www.econbiz.de/10010814972
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A margin requirement based return calculation for portfolios of short option positions
Murray, Scott - In: Managerial Finance 39 (2013), pp. 550-568
Purpose – Short option positions carry significant risk of losses well in excess of 100 per cent of the initial option … adjustments to ensure that unwanted volatility risk is properly hedged. Originality/value – The result is a portfolio return that …
Persistent link: https://www.econbiz.de/10010691525
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An empirical survey of the motivation for share repurchases in the UK
Dixon, Rob; Palmer, Graham; Stradling, Bob; Woodhead, Anne - In: Managerial Finance 34 (2008), pp. 886-906
Purpose -Most research on share repurchases is based on the USA. Recently, the rate of share repurchases by UK companies has increased significantly; such a marked increase in activity would suggest a change in strategic factors generating this activity. This paper aims to focus on UK practice,...
Persistent link: https://www.econbiz.de/10010761708
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The impact of executive pay on the disclosure of alternative earnings per share figures
Grey, Colette; Stathopoulos, Konstantinos; Walker, Martin - In: International Review of Financial Analysis 29 (2013) C, pp. 227-236
This paper investigates the motives for disclosing an alternative earnings per share (EPS) figure. In particular, we extend prior findings for the UK (Choi, Lin, Walker & Young, 2007) by highlighting the role of managerial contracting in the alternative EPS disclosure choice. We examine a...
Persistent link: https://www.econbiz.de/10010741748