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CEOs manipulating the timing of their stock option awards using their influence over their compensation committees. When … could sit on their own compensation committees. In my research, I look at the same timing issues Yermack studied, but for … companies and compare the timing of certain fluctuations in the stock values with the award date of CEO stock options …
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We document that, over the 20th century, age at first marriage followed a U-shaped pattern, while the gender education gap tracked an inverted-U path in the United States. To explain this, we propose a multi-period frictionless matching model where educational and marriage decisions are...
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showing that option markets respond efficiently to `volatility-timing' information embedded in the same scheduling disclosures …
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In a real-effort experiment, we investigate how the timing of discretionary bonuses affects the relationship between …
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