Carver, Brian T.; Cline, Brandon N.; Hoag, Matthew L. - In: Journal of Corporate Finance 23 (2013) C, pp. 294-310
Using the executive stock option (ESO) backdating scandal as a backdrop, this paper examines whether compensation committees can effectively set executive compensation contracts in the presence of a founding CEO. Analyzing a sample of firms accused of backdating ESO grant dates and a control...