This paper proposes and implements a new method for investigating whether CEOs influence the terms of their own compensation. I analyze the dates of 591 stock option awards to CEOs of Fortune 500 companies in 1992 and 1993, finding that the timing of awards coincides with favorable movements in companies’ stock prices even though the awards remain secret for many months. Patterns of corporate earnings and dividend announcements suggest strongly that CEOs receive stock option awards shortly before favorable corporate news and that awards are delayed until after the release of adverse news. Analysis of abnormal volume data does not support the possibility that insider trading based on knowledge of the option awards can explain the stock price...
One role of stock options in executive compensation packages is to counterbalance the inherently sho...
This study examines how the use of option-based compensation for directors affects their independenc...
The objective of this research is to test the expensing of stock options as part of CEO compensation...
This paper analyzes the timing of CEO stock option awards, as a method of investigating corporate ma...
This study documents that the abnormal stock returns are negative before unscheduled executive optio...
This paper provides fresh evidence on CEO stock option awards. We identify several contracting condi...
This paper analyzes stock option wards to CEOs of 792 U.S. public corporations between 1984 and 1991...
This paper analyzes companies' disclosure of CEO stock option values in compliance with recent chang...
This paper examines whether CEO stock-based compensation has an effect on the market's ability to pr...
With its increase of 571% between 1990 and 2000, chief executive officer compensation has become a t...
Firms release more news in their chief executive's equity vesting months, finds Moqi Groen-X
Extant studies provide two competing explanations for the abnormal stock return patterns around CEO ...
Purpose – The purpose of this paper is to examine the factors affecting the relationships between CE...
This paper investigates the decision by top-level executives of more than 1,200 public corporations ...
This thesis consists of two studies in the area of executive compensation. The first examines the e...
One role of stock options in executive compensation packages is to counterbalance the inherently sho...
This study examines how the use of option-based compensation for directors affects their independenc...
The objective of this research is to test the expensing of stock options as part of CEO compensation...
This paper analyzes the timing of CEO stock option awards, as a method of investigating corporate ma...
This study documents that the abnormal stock returns are negative before unscheduled executive optio...
This paper provides fresh evidence on CEO stock option awards. We identify several contracting condi...
This paper analyzes stock option wards to CEOs of 792 U.S. public corporations between 1984 and 1991...
This paper analyzes companies' disclosure of CEO stock option values in compliance with recent chang...
This paper examines whether CEO stock-based compensation has an effect on the market's ability to pr...
With its increase of 571% between 1990 and 2000, chief executive officer compensation has become a t...
Firms release more news in their chief executive's equity vesting months, finds Moqi Groen-X
Extant studies provide two competing explanations for the abnormal stock return patterns around CEO ...
Purpose – The purpose of this paper is to examine the factors affecting the relationships between CE...
This paper investigates the decision by top-level executives of more than 1,200 public corporations ...
This thesis consists of two studies in the area of executive compensation. The first examines the e...
One role of stock options in executive compensation packages is to counterbalance the inherently sho...
This study examines how the use of option-based compensation for directors affects their independenc...
The objective of this research is to test the expensing of stock options as part of CEO compensation...