Executive options represent a phenomenon of particular economic significance. Just as their use has ballooned over the past decade, so too has the literature concerning their nature, cost and impact. However, despite the growth in the volume of literature devoted to the topic of executive...

This paper discusses options holding concentration, which we define as the proportion of options outstanding under a firm's executive options plan held by a firm's board and the top five non board executives. We examine previous empirical literature on executive options plans and some of the...

The question of corporate governance has rarely if ever enjoyed greater prominence than that accorded to it at present. Significant changes to governance regulations and requirements have transpired within a comparatively brief period of time. In Australia, ongoing reform to corporate law via...

At the time of writing, it appears that the global economic system is in the grips of a massive shock. Debt capital markets are not functioning as they have functioned over the past half decade, liquidity is tight and credit, where it can be obtained, is becoming increasingly costly. Though the...

This year marks the 6th anniversary of the Journal of Law amp; Financial Management. The journal was founded in the immediate aftermath of the dot com crash and in an atmosphere of high turbulence and uncertainty. A series of large scale corporate collapses and revelations of accounting fraud,...

In this paper we examine the controversy which has surrounded options awarded to executives as a component of their remuneration. We aregue that many of the claims advanced in favour of the use of options schemes by employer corporations are flawed. In particular, we suggest that the alleged...

The literature on executive options has burgeoned over the past decade. While early literature tended to expound the benefits associated with the adoption of options plans, more recent literature has taken on a more cautionary tone. Recent empirical research has suggested a range of conditions...