Purpose – The objective of this research is to examine the effect of a broad-based option program on voluntary employee turnover. Design/methodology/approach – The paper examines the effect of a broad-based stock option program in a Fortune 100 company during the 1990s and uses logistical...

Purpose – The objective of this research is to examine the effect of a broad‐based option program on voluntary employee turnover. Design/methodology/approach – The paper examines the effect of a broad‐based stock option program in a Fortune 100 company during the 1990s and uses...

Corporate finance studies of mergers and acquisitions have relied mostly on stock price reactions to evaluate the impact of these events. In this paper, we analyze the performance of a sample of merged firms over a ten year period using a managerially controlled efficiency measure, data...