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Employee stock options: exercise decisions by top executives

Anderson, Mark C. - In: Managerial Finance 25 (1999) 10, pp. 50-60

Reviews previous research on the timing of employee stock option exercise decisions and share price performance before … Black‐Scholes (1973) value (less anticipated dividends) as a benchmark to compare with the intrinsic value (market price … minus exercise price) at the date of exercise. Finds options are exercised when the two values are roughly equal, i.e. that …

Persistent link: https://www.econbiz.de/10014940402

Incentive structure of CEO stock option pay and stock ownership: the moderating effects of firm risk

Gerard Sanders, Wm. - In: Managerial Finance 25 (1999) 10, pp. 61-75

Outlines previous research on the role of executive compensation contracts in reducing conflicts of interest between ownership and control; and develops hypotheses on the effects of chief executive officer stock options and share ownership on subsequent firm performance. Suggests that since...

Persistent link: https://www.econbiz.de/10014940403

Executive long‐term performance contracts: an empirical analysis of market risk, investment opportunities and leverage in the post‐adoption period

Vogel, Thomas J.; McGinnis, John D. - In: Managerial Finance 25 (1999) 10, pp. 76-93

/changing long‐term performance plans and a matched control sample to test the impact of these plans on a firm’s share price …

Persistent link: https://www.econbiz.de/10014940404

Multinationality, profitability and firm value

AlNajjar, Fouad K.; Riahi‐Belkaoui, Ahmed - In: Managerial Finance 25 (1999) 12, pp. 31-41

Presents a study of the importance of multinationality in predicting firm valuation and profitability using Ohlson’s (1988, 1991) valuation model as a basis for model development. Tests these models on 1987‐1992 US data and compares them with predictions based on current return on equity....

Persistent link: https://www.econbiz.de/10014940412

An empirical investigation of conservatism in book value measurement

Bauman, Mark P. - In: Managerial Finance 25 (1999) 12, pp. 42-57

Outlines the role of the conservatism inherent in generally accepted accounting principles in Ohlson’s (1995) and Feltham and Ohlson’s (1995) valuation models and compares it with other research findings. Identifies potential sources of conservatism (e.g. expensing advertising costs,...

Persistent link: https://www.econbiz.de/10014940413

The substitution of net value added for earnings in equity valuation

Riahi‐Belkaoui, Ahmed; Picur, Ronald D. - In: Managerial Finance 25 (1999) 12, pp. 66-78

it is better than the conventional model at explaining price. Recommends that future capital market research should …

Persistent link: https://www.econbiz.de/10014940415

Economic sanctions: obstruction or instrument for world trade?

Ali, Abbis J.; Camp, Robert C. - In: Managerial Finance 25 (1999) 3/4, pp. 66-75

Relates Adam Smith’s invisible hand to present day globalization and considers the impact of US trade and economic sanctions on the world economy. Discusses the political roots of these sanctions, their objectives (both overt and covert), costs and incompatibility with free trade. Puts forward...

Persistent link: https://www.econbiz.de/10014940417

The role of interest groups in products liability law

Gedde, David S.; Brahmasrene, Tantatape - In: Managerial Finance 25 (1999) 3/4, pp. 76-89

Describes the impact of recent changes in US tort law and identifies four interest groups concerned: manufacturers, insurance companies, consumers and lawyers. Discusses their relative strengths, motivations and influence on judicial decisions, citing relevant liability cases for...

Persistent link: https://www.econbiz.de/10014940418

U.S. oil company stock returns and currency fluctuations

Mollick, Andre; Nguyen, Khoa H - In: Managerial Finance 41 (2015) 9, pp. 974-994

relationship between stock returns and their influences including oil price return, yield spreads, and US dollar index return. The …. To examine the asymmetric effect of oil price returns on stock returns, the authors separate oil price returns series … into two series: positive changes in oil price and negative changes in oil price. Findings – The authors find stock returns …

Persistent link: https://www.econbiz.de/10014941202

U.S. highway public private partnerships

Daito, Nobuhiko; Gifford, Jonathan L. - In: Managerial Finance 40 (2014) 11, pp. 1131-1151

, has been increasing in the USA. The purpose of this paper is to empirically evaluate the difference of P3s and non-P3 … – Controlling for various project characteristics, the P3 highway projects in the USA showed higher initial costs than non-P3 … analyses of the performance of highway P3s in the USA. Also, this is one of the first studies to employ frontier analysis …

Persistent link: https://www.econbiz.de/10014941275