Discussion of "are executive stock options associated with future earnings?"

Journal of Accounting and Economics

Volumn 36, Issue 1-3 SPEC. ISS., 2003, Pages 91-103

  Larcker, David F ^a  

^a UNIVERSITY OF PENNSYLVANIA   (United States)

Author keywords

Econometric methods; Stock options

Indexed keywords

EID: 0742286740     PISSN: 01654101     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jacceco.2003.10.009     Document Type: Note

References (18)

1. Akaike H. A new look at statistical model identification IEEE Transactions on Automatic Control 6 1974 716-723
2. Barber B. Lyon J. Detecting abnormal operating performance: the empirical power and specification of test statistics Journal of Financial Economics 41 1996 359-399
3. Bound J. Jaeger A. Baker R. Problems with instrumental variables estimation when the correlation between the instruments and the endogenous explanatory variables is weak Journal of the American Statistical Association 90 1985 443-459
4. Bozdogan H. Model selection and Akaike's information criterion (AIC): the general theory and its analytical extensions Psychometrika 52 1987 163-180
5. Core J. Holthausen R. Larcker D. Corporate governance, chief executive officer compensation, and firm performance Journal of Financial Economics 51 1999 371-406
6. Demsetz H. Lehn K. The structure of corporate ownership: causes and consequences Journal of Political Economy 93 1985 1155-1177
7. DeSarbo W. Cron W. A maximum likelihood methodology for clusterwise linear regression Journal of Classification 5 1988 249-282
8. Hanlon, M., Rajgopal, S., Shevlin, T., 2003. Are executive stock options associated with future earnings? Journal of Accounting and Economics 36 (1-3), this issue.
9. Holthausen R. Larcker D. The financial performance of reverse leveraged buyouts Journal of Financial Economics 42 1996 293-332
10. Ittner C. Larcker D. Assessing empirical research in managerial accounting: a value-based management perspective Journal of Accounting and Economics 32 2001 349-410
11. Ittner C. Lambert R. Larcker D. The structure and performance consequences of equity grants to employees of new economy firms Journal of Accounting and Economics 34 2003 89-127
12. Lewbel A. Constructing instruments for regressions with measurement error when no additional data are available, with an application to patents and R&D Econometrica 65 1997 1201-1213
13. Nelson C. Startz R. The distribution of instrumental variables estimator and its t-ratio when the instrument is a poor one Journal of Business 63 1990 S125-S140
14. Newcomb S. A generalized theory of the combination of observations so as to obtain the best result American Journal of Mathematics 8 1886 343-366
15. Pearson K. Contributions to the mathematical theory of evolution Philosophical Transactions A 185 1894 71-110
16. Quandt R. Ramsey J. Estimating mixtures of normal distributions and switching regressions Journal of the American Statistical Association 73 1978 730-738
17. Wang J. Zivot E. Inference on structural parameters in instrumental variables regression with weak instruments Econometrica 66 1998 1389-1404
18. Wedel M. DeSarbo W. A mixture likelihood approach for generalized linear models Journal of Classification 12 1995 21-55