Yang, Huihui; Pan, Fei; Li, Siqi; Lin, Thomas W. - In: International Journal of Accounting and Finance 3 (2012) 4, pp. 320-342
This study examines the extent of managers' opportunistic behaviour in influencing their own executive stock incentive … significant increase in stock prices shortly after the disclosure, consistent with self-interested managers undertaking self … together, our findings suggest that managers in Chinese publicly listed companies engage in opportunistic behaviour that …