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Stock Buybacks and Their Association with Stock Options Exercised in the IT Industry
Hurtt, David N.; Kreuze, Jerry G.; Langsam, Sheldon A. - In: American Journal of Business 23 (2008) 1, pp. 13-22
One of the most complex and controversial issues confronting the Financial Accounting Standards Board (FASB) over the last several years has been the accounting and financial reporting of stock options. In December 2004, the FASB issued Statement 123R, Share‐Based Payment, in the hope that the...
Persistent link: https://www.econbiz.de/10014668272
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Incentives of Stock Option Based Compensation
Agliardi, Elettra; Andergassen, Rainer - In: Review of Quantitative Finance and Accounting 25 (2005) 1, pp. 21-32
We introduce explicitly the effort as a choice variable in a continuous time utility maximisation framework of an executive who is partly compensated with stock options. We solve the model in the case where the executive is not allowed to trade in the company’s stock but is able to achieve a...
Persistent link: https://www.econbiz.de/10005808785
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The Information Contained in the Exercise of Executive Stock Options
Kyriacou, Kyriacos; Mase, Bryan - Society for Computational Economics - SCE - 2006
This paper investigates whether insiders use private information in their decision to exercise executive stock options. Consistent with existing research, exercises overall do not yield subsequent abnormal returns. Categorising exercises by the proportion of stock sold at exercise yields a...
Persistent link: https://www.econbiz.de/10005132597
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Should Executive Stock Options Be Abandoned?
Choe, Chongwoo; Yin, Xiangkang - In: Australian Journal of Management 31 (2006) 2, pp. 163-179
Recent corporate scandals around the world have led many to single out executive stock options as one of the main culprits. More corporations are abandoning stock options and reverting to restricted stock. This paper argues that such a change is not entirely justifiable. We first provide a...
Persistent link: https://www.econbiz.de/10010769400
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Hurdle Rate: Executive Stock Options
Cheung, Joe; Corrado, Charles; Chay, J. B.; Jung, Do-Sub - In: Australian Journal of Management 31 (2006) 1, pp. 29-40
Executive stock options with a rising strike price are a recent innovation in executive compensation in Australia and New Zealand. These options combine a dividend protection feature and a strike price that increases at a hurdle rate set with reference to a cost of capital estimate. With a...
Persistent link: https://www.econbiz.de/10010769498
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Ironing out the kinks in executive compensation: Linking incentive pay to average stock prices
Tian, Yisong S. - In: Journal of Banking & Finance 37 (2013) 2, pp. 415-432
other benefits, averaging reduces volatility by about 42%, making the incentive pay more attractive to risk …
Persistent link: https://www.econbiz.de/10010595268
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Stock Based Compensation: Firm-specific risk, Efficiency and Incentives
Henderson, Vicky - Department of Economics, Oxford University - 2001
, we are able to examine the effect of stock volatility, firm-specific risk, market risk and the correlation between the … between firm-specific risk and value, if volatility is fixed. However, the value may increase or decrease with firm …-specific risk if market risk is fixed. The same ambiguous relationship is found if we consider value as a function of volatility, so …
Persistent link: https://www.econbiz.de/10010661420
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Repricing of executive stock options
Yang, Jerry; Carleton, Willard - In: Review of Quantitative Finance and Accounting 36 (2011) 3, pp. 459-490
Persistent link: https://www.econbiz.de/10008925891
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Stock Buybacks and Their Association with Stock Options Exercised in the IT Industry
Hurtt, David N.; Kreuze, Jerry G.; Langsam, Sheldon A. - In: American Journal of Business 23 (2008) 1, pp. 13-21
One of the most complex and controversial issues confronting the Financial Accounting Standards Board (FASB) over the last several years has been the accounting and financial reporting of stock options. In December 2004, the FASB issued Statement 123R, Share-Based Payment, in the hope that the...
Persistent link: https://www.econbiz.de/10008566139
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Executive stock options, stock price volatility, and agency costs in the Philippine setting
Ang, Clifford S.; Borja, Daniel Vincent H. - In: Philippine Review of Economics 40 (2003) 2, pp. 117-124
increases when the volatility of the underlying stock rises. Unfortunately, the decisions that affect the expected future cash … the volatility of the firm’s stock return. …
Persistent link: https://www.econbiz.de/10008672385