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repurchases. Yet, few suggestions have been made on how to account for dividends in SOPs. This paper applies arguments from … results in a significant decrease in the level of corporate dividends and, at the same time, into an increase in share … between share repurchases and SOPs. …
Persistent link: https://www.econbiz.de/10010316277
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This paper explores the impact of target CEOs' retirement preferences on takeovers. Using retirement age as proxy for CEOs' private merger costs, we find strong evidence that target CEOs' preferences affect merger activity. The likelihood of receiving a successful takeover bid is sharply higher...
Persistent link: https://www.econbiz.de/10009504779
on firms' share repurchases and research and development and investment expenditures were investigated, taking into …-to-book value, and share repurchases were positively associated with the values of stock options granted. Second, stock options … exercised in the previous year were significant predictors of share repurchases indicating that firms avoided dilution of …
Persistent link: https://www.econbiz.de/10013134041
This Article reports results of an empirical study that suggests that the current economic crisis has changed managerial behavior in the US in a way that may impede economic recovery. The study finds a strong, statistically significant and economically meaningful, positive correlation between...
Persistent link: https://www.econbiz.de/10013114205
its long-term value. In particular, such an arrangement can incentivize executives to engage in share repurchases (when …
Persistent link: https://www.econbiz.de/10013123251
its long-term value. In particular, such an arrangement can incentivize executives to engage in share repurchases (when …
Persistent link: https://www.econbiz.de/10013125003
This work investigates the role of equity ownership for the purpose of committing the management to the pursuit of shareholder value in the presence of separation between ownership and control. By rooting the conflicts of interests between managers and shareholders upon the control of internal...
Persistent link: https://www.econbiz.de/10013125625
We empirically investigate the adoption of stock option plans in Japan after the corporate governance reforms of the early 2000s. We examine the determinants of stock option grants, especially focusing on the effects of herding behavior among Japanese firms and the change of accounting treatment...
Persistent link: https://www.econbiz.de/10013101448