메뉴 건너뛰기




Volumn 57, Issue 1, 2000, Pages 3-34

The value and incentive effects of nontraditional executive stock option plans

Author keywords

Executive compensation; Executive stock options; G13; Incentives; J33; Option valuation

Indexed keywords


EID: 0034215640     PISSN: 0304405X     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0304-405X(00)00049-0     Document Type: Article
Times cited : (116)

References (27)
  • 1
    • 84977728261 scopus 로고
    • Managerial incentive and corporate investment and financing decisions
    • Agrawal A., Mandelker G. Managerial incentive and corporate investment and financing decisions. Journal of Finance. 42:1987;823-837.
    • (1987) Journal of Finance , vol.42 , pp. 823-837
    • Agrawal, A.1    Mandelker, G.2
  • 2
    • 85015692260 scopus 로고
    • The pricing of options and corporate liabilities
    • Black F., Scholes M. The pricing of options and corporate liabilities. Journal of Political Economy. 81:1973;637-659.
    • (1973) Journal of Political Economy , vol.81 , pp. 637-659
    • Black, F.1    Scholes, M.2
  • 5
    • 0002275953 scopus 로고    scopus 로고
    • Despite ongoing market volatility, most companies are resisting stock option repricing.
    • Business Wire, December 14.
    • Conway, J., 1998. Despite ongoing market volatility, most companies are resisting stock option repricing. Towers Perrin study finds. Business Wire, December 14.
    • (1998) Towers Perrin study finds.
    • Conway, J.1
  • 6
    • 0003986580 scopus 로고    scopus 로고
    • Estimating the incentive effects of executive stock option portfolios
    • University of Pennsylvania
    • Core J., Guay W. Estimating the incentive effects of executive stock option portfolios. Unpublished working paper. 1998;University of Pennsylvania.
    • (1998) Unpublished working paper
    • Core, J.1    Guay, W.2
  • 7
    • 84977731245 scopus 로고
    • The effect of executive stock option plans on stockholders and bondholders
    • DeFusco R.A., Johnson R.R., Zorn T.S. The effect of executive stock option plans on stockholders and bondholders. Journal of Finance. 45:1990;617-627.
    • (1990) Journal of Finance , vol.45 , pp. 617-627
    • DeFusco, R.A.1    Johnson, R.R.2    Zorn, T.S.3
  • 9
    • 0002345792 scopus 로고    scopus 로고
    • The sensitivity of CEO wealth to equity risk: An analysis of the magnitude and determinants
    • Guay W.R. The sensitivity of CEO wealth to equity risk. an analysis of the magnitude and determinants Journal of Financial Economics. 53:1999;43-71.
    • (1999) Journal of Financial Economics , vol.53 , pp. 43-71
    • Guay, W.R.1
  • 10
    • 0008103972 scopus 로고    scopus 로고
    • The pay to performance incentives of executive stock options
    • Harvard University and National Bureau of Economic Research
    • Hall B.J. The pay to performance incentives of executive stock options. Unpublished working paper. 1998;Harvard University and National Bureau of Economic Research.
    • (1998) Unpublished working paper
    • Hall, B.J.1
  • 11
    • 0032264835 scopus 로고    scopus 로고
    • Optimal exercise and the cost of granting employee stock options with a reload provision
    • Hemmer T., Matsunaga S., Shevlin T. Optimal exercise and the cost of granting employee stock options with a reload provision. Journal of Accounting Research. 36:1998;231-255.
    • (1998) Journal of Accounting Research , vol.36 , pp. 231-255
    • Hemmer, T.1    Matsunaga, S.2    Shevlin, T.3
  • 18
    • 0001042527 scopus 로고    scopus 로고
    • Executive compensation
    • O. Ashenfelter, Card D. Amsterdam: North-Holland
    • Murphy K.J. Executive compensation. Ashenfelter O., Card D. Handbook of Labor Economics. Vol. 3:1999;North-Holland, Amsterdam.
    • (1999) Handbook of Labor Economics , vol.3
    • Murphy, K.J.1
  • 19
    • 0001684871 scopus 로고
    • Resurgence of stock option popularity. Rethinking Corporate Compensation Plans.
    • Paulin, G., 1992. Resurgence of stock option popularity. Rethinking Corporate Compensation Plans. Conference Board Report no 1015, pp. 19-21.
    • (1992) Conference Board Report no 1015 , pp. 19-21
    • Paulin, G.1
  • 20
  • 21
    • 0000874947 scopus 로고
    • Breaking down the barriers
    • Rubinstein M., Reiner E. Breaking down the barriers. Risk. 4(8):1991;28-35.
    • (1991) Risk , vol.4 , Issue.8 , pp. 28-35
    • Rubinstein, M.1    Reiner, E.2
  • 22
    • 0039572412 scopus 로고    scopus 로고
    • Hedging and coordinated risk management: Evidence from thrift conversions
    • Schrand C., Unal H. Hedging and coordinated risk management. evidence from thrift conversions Journal of Finance. 53:1998;979-1014.
    • (1998) Journal of Finance , vol.53 , pp. 979-1014
    • Schrand, C.1    Unal, H.2
  • 23
  • 24
    • 2342505938 scopus 로고
    • The investment opportunity set and corporate financing, dividend, and compensation policies
    • Smith C.W. Jr., Watts R.L. The investment opportunity set and corporate financing, dividend, and compensation policies. Journal of Financial Economics. 32:1992;263-292.
    • (1992) Journal of Financial Economics , vol.32 , pp. 263-292
    • Smith C.W., Jr.1    Watts, R.L.2
  • 25
    • 0009169278 scopus 로고    scopus 로고
    • Who manages risk? An empirical examination of risk management practices in the gold mining industry
    • Tufano P. Who manages risk? An empirical examination of risk management practices in the gold mining industry. Journal of Finance. 51:1996;1097-1137.
    • (1996) Journal of Finance , vol.51 , pp. 1097-1137
    • Tufano, P.1
  • 26
    • 0000399928 scopus 로고
    • Do corporations award CEO stock options effectively?
    • Yermack, D., 1995. Do corporations award CEO stock options effectively? Journal of Financial Economics 39, 237-269.
    • (1995) Journal of Financial Economics , vol.39 , pp. 237-269
    • Yermack, D.1
  • 27
    • 0004321417 scopus 로고    scopus 로고
    • Exotic Options: A Guide to Second Generation Options
    • Singapore: World Scientific
    • Zhang P.G. Exotic Options. a Guide to Second Generation Options:1997;World Scientific, Singapore.
    • (1997)
    • Zhang, P.G.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.