Cuny, Charles J.; Martin, Gerald S.; Puthenpurackal, John J. - In: Journal of Financial and Quantitative Analysis 44 (2009) 02, pp. 391-410
In this paper, we examine how stock option usage affects total corporate payout. Using fixed-effects panel data estimators on various samples of ExecuComp firms from 1993 to 2005, we find the higher the executive stock options, the lower the total payout, ceteris paribus. We also find some...
