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Managerial Incentives Explanation of Equity Carve-Outs Initial Returns

Seistrajkova, Biljana - 2017

This paper studies the first day return of 227 carve-outs during 1996-2013. I find that the first day return of newly issued subsidiary stocks is explained by the reporting distortions in the pre IPO period, conditioned on whether the executives and directors of the subsidiary received stock...

Persistent link: https://www.econbiz.de/10012970504

Executive Stock-Based Compensation : A Case Study in Valuing Employee Stock Options and Restricted Stock Issues in a Breach of Contract Case

Steward, Dwight - 2010

In this case study, the former CEO of a large telecommunication company filed a lawsuit against her former employer that alleged that the company's contract breach resulted in the loss ESO grants and diminished the value of the vested ESOs that she held at the time of the alleged contract...

Persistent link: https://www.econbiz.de/10013147170

League-table incentives and price bubbles in experimental asset markets

Cheung, Stephen L.; Coleman, Andrew - 2011

We study experimental markets in which participants face incentives modeled upon those prevailing in markets for … prices are close to intrinsic value, the effect of incentives is mild. However under conditions in which markets are prone to … bubble, mispricing is greatly exacerbated by incentives. Even in experienced markets, prices climb to levels clearly …

Persistent link: https://www.econbiz.de/10009306962

Dynamic incentives and dual-purpose accounting

Feltham, Gerald A.; Indjejikian, J. Raffi; Nanda, Dhananjay - In: Journal of accounting & economics 42 (2006) 3, pp. 417-437

Persistent link: https://www.econbiz.de/10003378290

Managerial incentives and stock price dynamics : an experimental approach

Te, Bao; Halim, Edward; Noussair, Charles; Riyanto, … - In: Experimental economics : a journal of the Economic … 24 (2021) 2, pp. 617-648

Persistent link: https://www.econbiz.de/10012544417

The aggregate impacts of tournament incentives in experimental asset markets

Paul, Debapriya Jojo; Henker, Julia; Owen, Sian - In: Experimental economics : a journal of the Economic … 22 (2019) 2, pp. 441-476

Persistent link: https://www.econbiz.de/10012299972

Ownership structure, incentives, and asset returns

Jung, Hae Won; Subramanian, Ajay; Zeng, Qi - In: Management science : journal of the Institute for … 70 (2024) 1, pp. 589-615

Persistent link: https://www.econbiz.de/10014470043

Investor Sentiment and Stock Option Vesting Terms

Huang, Shawn X.; Keskek, Sami; Sanchez, Juan Manuel - 2021

Using the details of vesting terms, we document that stock options granted in high investor sentiment periods tend to have shorter vesting periods and durations, and are more likely to vest completely or have a significantly larger fraction vested within one year of the grant date, relative to...

Persistent link: https://www.econbiz.de/10013246732

Positive Equity Prices with Insolvency under Legal Solvency Tests

Heaton, J.B. - 2020

It is well understood that the equity of an insolvent firm can trade for a positive price so long as there is some positive probability that the firm will become solvent at some future point. Currently, however, this insight exists in the case law in an informal sense, while its use in the...

Persistent link: https://www.econbiz.de/10012854945

Contractual Managerial Incentives with Stock Price Feedback

Lin, Tse-Chun - 2019

We study the effect of financial market frictions on managerial compensation. We embed a market microstructure model into an otherwise standard contracting framework, and analyze optimal pay-for-performance when managers use information they learn from the market in their investment decisions....

Persistent link: https://www.econbiz.de/10012901630

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