Wu, Yan Wendy - In: Review of Accounting and Finance 8 (2009) February, pp. 38-53
repricing. But, once the exercise price has been reset, option holders are more likely to exercise ESOs early. Second, option … repricing is less cost-effective than standard options in providing incentives. Practical implications – This research finds … that issuing new options proves more efficient than option repricing in providing incentives. In turn, this research offers …