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Do corporations award CEO stock options effectively?

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  • Yermack, David

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  • Yermack, David, 1995. "Do corporations award CEO stock options effectively?," Journal of Financial Economics, Elsevier, vol. 39(2-3), pages 237-269.
  • Handle: RePEc:eee:jfinec:v:39:y:1995:i:2-3:p:237-269
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    6. Matsunaga, S & Shevlin, T & Shores, D, 1992. "Disqualifying Dispositions Of Incentive Stock-Options - Tax Benefits Versus Financial-Reporting Costs," Journal of Accounting Research, Wiley Blackwell, vol. 30, pages 37-68.
    7. Richard A. DeFusco & Thomas S. Zorn & Robert R. Johnson, 1991. "The Association Between Executive Stock Option Plan Changes and Managerial Decision Making," Financial Management, Financial Management Association, vol. 20(1), Spring.
    8. Lewellen, Wilbur & Loderer, Claudio & Martin, Kenneth, 1987. "Executive compensation and executive incentive problems : An empirical analysis," Journal of Accounting and Economics, Elsevier, vol. 9(3), pages 287-310, December.
    9. Smith, Cw & Zimmerman, Jl, 1976. "Valuing Employee Stock Option Plans Using Option Pricing Models," Journal of Accounting Research, Wiley Blackwell, vol. 14(2), pages 357-364.
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    20. Lambert, Richard A. & Lanen, William N. & Larcker, David F., 1989. "Executive Stock Option Plans and Corporate Dividend Policy," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 24(4), pages 409-425, December.
    21. Dechow, Patricia M. & Sloan, Richard G., 1991. "Executive incentives and the horizon problem : An empirical investigation," Journal of Accounting and Economics, Elsevier, vol. 14(1), pages 51-89, March.
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    24. Bengt Holmstrom & Joan Ricart i Costa, 1986. "Managerial Incentives and Capital Management," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 101(4), pages 835-860.
    25. Mehran, Hamid, 1995. "Executive compensation structure, ownership, and firm performance," Journal of Financial Economics, Elsevier, vol. 38(2), pages 163-184, June.
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    27. Myers, Stewart C., 1977. "Determinants of corporate borrowing," Journal of Financial Economics, Elsevier, vol. 5(2), pages 147-175, November.
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    29. Murphy, Kevin J. & Zimmerman, Jerold L., 1993. "Financial performance surrounding CEO turnover," Journal of Accounting and Economics, Elsevier, vol. 16(1-3), pages 273-315, April.
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