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Hicksian Income in the Conceptual Framework

Bromwich, Michael - 2011

In seeking to replace accounting conventions by concepts in the pursuit of principles-based standards, the FASB/IASB joint project on the conceptual framework has grounded its approach on a well-known definition of income by Hicks. We welcome the use of theories by accounting standard setters...

Persistent link: https://www.econbiz.de/10013130930

Hicksian income in the conceptual framework

Bromwich, Michael; Macve, Richard; Sunder, Shyam - In: Abacus : a journal of accounting, finance and business … 46 (2010) 3, pp. 348-376

Persistent link: https://www.econbiz.de/10008661587

Hicksian Income in the Conceptual Framework

Macve, Richard H.; Bromwich, Michael; Sunder, Shyam - 2023

In seeking to replace accounting ‘conventions’ by ‘concepts’ in the pursuit of principles-based standards, the FASB/IASB joint project on the conceptual framework has grounded its approach on a well-known definition of ‘income’ by Hicks. We welcome the use of theories by accounting...

Persistent link: https://www.econbiz.de/10014265150

A Simple Formula to Calculate the Cost of Executive Stock Options

Kadam, Ashay - 2011

We derive a simple formula for the cost of the ESO to the firm at the grant date under the assumption that the executive has a constant market-to-strike multiple. The market-to-strike multiple is defined as the ratio of the market price on exercise to the strike price of the ESO. The expected...

Persistent link: https://www.econbiz.de/10013128891

Noise Hedging and Executive Compensation

Doherty, Neil A. - 2013

We address two apparent paradoxes of risk management: (1) managers hedge in order to avoid negative earnings surprises …, yet they tend to hedge risks uninformative of the value of the company; and (2) the presence of options in managers … informational asymmetry between insiders (managers) and outsiders (investors). Investors derive information about company value from …

Persistent link: https://www.econbiz.de/10013092522

Equity-based Compensation of Outside Directors and Corporate Disclosure Quality

Sengupta, Partha - 2014

We examine the relation between a firm's disclosure quality and equity-based compensation of independent members of the board of directors. The dimensions of disclosure quality we focus on are management's earnings guidance and information flow through financial analysts. Using both levels and...

Persistent link: https://www.econbiz.de/10013067919

The Relation Between Corporate Governance and CEOs’ Equity Grants

Brown, Lawrence D. - 2014

We investigate whether the firm's corporate governance affects the value of equity grants for its CEO. Consistent with the managerial power view, we find that more poorly governed firms grant higher values of stock options and restricted stock to their CEOs after controlling for the economic...

Persistent link: https://www.econbiz.de/10013070807

Effects of Executive Compensation Complexity on Investor Behavior in an Experimental Stock Market

Gillenkirch, Robert M. - 2013

complex compensation packages given to managers, and whether potential biases in individual shareholder beliefs carry over to …

Persistent link: https://www.econbiz.de/10013076453

Changes in CEO Stock Option Grants : A Look at the Numbers

Athanasakou, Vasiliki E. - 2018

We study changes in the number of CEO stock option grants. Motivated by evidence of rigidity in stock option grants, we first provide a detailed description of the main aggregate trends in CEO stock option grants. We then consider the cross-sectional heterogeneity in option-granting activity and...

Persistent link: https://www.econbiz.de/10012938487

Institutional Ownership and CEO Equity Incentives

Bratten, Brian - 2017

This study provides new evidence on the relation between institutional ownership and the equity incentives provided to CEOs by their portfolio holdings of stock and stock options. We show that when firms' CEOs have abnormally high equity incentives, higher institutional ownership is associated...

Persistent link: https://www.econbiz.de/10012968161

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