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Do managers alter the tone of their earnings announcements around stock option grants and exercises?

Tama-Sweet, Isho - 2009

In this dissertation I investigate whether managers alter the linguistic tone of their earnings announcements to … firm performance. However, prior literature also finds a positive relation between optimistic tone in earnings … option exercises.I hypothesize that managers adjust the tone of their earnings announcements to increase the value of their …

Persistent link: https://www.econbiz.de/10009447395

The Impact of Employee Shareholding Option Plans on Company Performance in South Africa

Motswenyane, Papillon - 2011

Employee Share Option Plans (ESOPs) are widely applied in the South African context to disseminate wealth to Historically Disadvantaged South Africans (HDSAs). This opinion is affirmed by an increased application of the concept on a number of Broad Based Black Economic Empowerment (BBBEE)...

Persistent link: https://www.econbiz.de/10009447793

Decomposing executive stock option exercises: Relative information and incentives to manage earnings

Veenman, David; Hodgson, Allan; van Praag, Bart; Zhang, Wei - 2011

, we find option exercises followed by share liquidations are associated with disappointing future earnings news, while … larger income-increasing abnormal accruals, signalling lower quality earnings. On the buy side, we find that regular insider … share purchases are associated with positive future earnings news while purchases through option conversions are not. This …

Persistent link: https://www.econbiz.de/10009448261

Three Essays on CEO Compensation in the UK

Minhat, Marizah - 2009

requirements with the introduction of Directors’ Remuneration ReportRegulations (DRRR) in 2002, this thesis examines the … and earnings management is currently understudied in the UK.The UK context is appealing because of two distinctive … corporate governance features that limit opportunistic earnings management. These are the absence of CEO duality in general …

Persistent link: https://www.econbiz.de/10009465989

Defending Organizational Legitimacy after Enron: The Symbolic Use of Stock Option Accounting

Carberry, Edward J. - 2005

This paper examines the forces driving the adoption of an accounting practice, stock option expensing (SOE), among the Fortune 500 in the wake of the recent corporate scandals. I argue that in the ensuing debates and challenges to the legitimacy of existing institutional frameworks governing...

Persistent link: https://www.econbiz.de/10009466165

THE EMERGENCE AND CONSEQUENCES OF STOCK-BASED COMPENSATION IN THE CONTEMPORARY FIRM: AN INSTITUTIONAL APPROACH TO THE ORGANIZATIONAL FOUNDATIONS OF INEQUALITY

Carberry, Edward J. - 2008

This dissertation explores the ways in which institutional organizational theory can enhance our understanding of how organizational structures that shape social inequality emerge, diffuse, and persist over time. More specifically, in three distinct papers, I examine the institutionalization of...

Persistent link: https://www.econbiz.de/10009466280

Heterogeneous beliefs and employee stock options;

Wang, Jun; Zhang, Ge - 2003

This paper uses a market valuation model to explore why firms grant employee stock options. When insider managers and outside investors have different opinions about the future prospects of the firm, employee stock options can be used to capture future investor overvaluation and to save employee...

Persistent link: https://www.econbiz.de/10009468577

CEO Stock Option Awards and Regulation Changes

Xiao, Liang - 2011

In 2003, both the New York Stock Exchange and NASDAQ enacted changes to the requirements regarding listed companies and their Board of Directors composition. The purpose of this study is to examine the effects of those changes, specifically in relation to CEO compensation and compensation...

Persistent link: https://www.econbiz.de/10009475158

Employee equity incentives and venture capitalist involvement : Examining the effects on IPO performance.

Westerman, James W.; Geiger, Scott W.; Cyr, Linda A. - 2008

We examine the effects of venture capitalist involvement and equity incentives for all employees on the performance of initial public offering firms . Data was collected from 402 IPO firms, representing 242 non-VC backed and 160 VC backed firms. Results indicate venture capitalists positively...

Persistent link: https://www.econbiz.de/10009452188

Stock option disclosures of directors : where transparency can mask secrecy

Nelson, Jodie E.; Percy, Majella - 2009

Purpose - We investigate the stock option disclosures of directors and the five most highly remunerated officers in the directors' report of Australian companies for the years 2000 and 2002 and the choice to position these disclosures in the notes to the financial statements as opposed to the...

Persistent link: https://www.econbiz.de/10009483571