Veld, Chris; Wu, Betty H.T. - In: Journal of Business Finance & Accounting 41 (2014) 7-8, pp. 1042-1070
We study motives for executive stock option backdating, the practice of changing the grant dates of current options to dates in the past using hindsight. We find that smaller, younger and less profitable firms tend to be more heavily involved in backdating. These results are consistent with the...