Tang, Hongfei - In: Review of Quantitative Finance and Accounting 42 (2014) 2, pp. 251-292
This paper investigates the optimality of stock option grants to Chief Executive Officers (CEOs) by examining a set of S&P 500 companies around the passage of the Sarbanes–Oxley Act (SOX). I find that stock option grants to non-founding-family CEOs decreased dramatically after the passage of...
