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Year of publication
Subject
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Aktienoption 2,643 Stock option 2,574 Führungskräfte 1,023 Managers 1,023 Theorie 607 Theory 607 Leistungsentgelt 578 Performance pay 578 Executive compensation 569 Managervergütung 568 USA 473 United States 467 Agency theory 395 Prinzipal-Agent-Theorie 395 Optionspreistheorie 359 Option pricing theory 354 Leistungsanreiz 345 Performance incentive 345 Deutschland 314 Compensation system 284 Vergütungssystem 284 Börsenkurs 282 Share price 280 Germany 270 Corporate Governance 263 Corporate governance 260 Optionsgeschäft 206 Option trading 204 Employee ownership 164 Mitarbeiterkapitalbeteiligung 164 Volatilität 146 Volatility 144 Derivat 124 Derivative 124 Schätzung 123 Estimation 122 Lohn 112 Wages 109 Aktienoptionsplan 108 IFRS 107
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Online availability
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Free 658 Undetermined 468 CC license 10
Type of publication
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Article 1,520 Book / Working Paper 1,164
Type of publication (narrower categories)
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Article in journal 1,353 Aufsatz in Zeitschrift 1,353 Graue Literatur 300 Non-commercial literature 300 Arbeitspapier 267 Working Paper 267 Hochschulschrift 154 Aufsatz im Buch 139 Book section 139 Thesis 132 Dissertation u.a. Prüfungsschriften 43 Collection of articles of several authors 20 Sammelwerk 20 Bibliografie enthalten 18 Bibliography included 18 Collection of articles written by one author 18 Sammlung 18 Handbook 10 Handbuch 10 Lehrbuch 10 Textbook 9 Konferenzschrift 8 Amtsdruckschrift 6 Government document 6 Aufsatzsammlung 5 Case study 5 Conference paper 5 Conference proceedings 5 Fallstudie 5 Konferenzbeitrag 5 Einführung 3 Formelsammlung 3 Bibliografie 2 CD-ROM, DVD 2 Forschungsbericht 2 Glossar enthalten 2 Glossary included 2 Guidebook 2 Ratgeber 2 Reprint 2
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Language
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English 2,238 German 420 Undetermined 12 French 7 Dutch 3 Italian 2 Spanish 2 Czech 1 Finnish 1 Portuguese 1 Swedish 1
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Author
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Hall, Brian J. 22 Dittmann, Ingolf 17 Edmans, Alex 17 Larcker, David F. 17 Blasi, Joseph R. 16 Kruse, Douglas 15 Sautner, Zacharias 14 Armstrong, Christopher 13 Bali, Turan G. 11 Chance, Don M. 11 Knoll, Leonhard 11 Murphy, Kevin James 11 Oyer, Paul E. 11 Rajgopal, Shivaram 11 Cakici, Nusret 10 Milbourn, Todd 10 Mäkinen, Mikko 10 Schaefer, Scott 10 Shue, Kelly 10 Simons, Dirk 10 Yermack, David L. 10 Bernales, Alejandro 9 Freeman, Richard B. 9 Maug, Ernst 9 Tian, Yisong Sam 9 Aboody, David 8 Bahaji, Hamza 8 Balsam, Steven 8 Barth, Mary E. 8 Cai, Jie 8 Chaigneau, Pierre 8 Choe, Chongwoo 8 Conyon, Martin J. 8 Crasselt, Nils 8 Gow, Ian D. 8 Laux, Volker 8 Lemmon, Michael L. 8 Locarek-Junge, Hermann 8 Pearson, Neil D. 8 Townsend, Richard R. 8
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Institution
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National Bureau of Economic Research 32 Svenska Handelshögskolan <Helsinki> 6 Springer Fachmedien Wiesbaden 3 Stanford Institute for Economic Policy Research 3 Technische Universität Dresden / Fakultät Wirtschaftswissenschaften 3 Centre for Analytical Finance <Århus> 2 Deutscher Industrie- und Handelstag 2 Ekonomiska forskningsinstitutet <Stockholm> 2 International Accounting Standards Board 2 OECD 2 Technische Universität Chemnitz 2 Centre for Economic Policy Research 1 Charles A. Dice Center for Research in Financial Economics <Columbus, Ohio> 1 Conference Board 1 Deutscher Sparkassen Giroverband 1 Deutsches Aktieninstitut 1 Deutschland / Bundesministerium der Finanzen 1 ESCP-EAP European School of Management 1 Edward Elgar Publishing 1 Elinkeinoelämän Tutkimuslaitos 1 Federal Reserve Bank of Cleveland 1 Financial Options Research Centre 1 Fundación de las Cajas de Ahorros Confederadas para la Investigación Económica y Social 1 INSEAD 1 Institute of Chartered Accountants of Scotland 1 International Accounting Standards Committee 1 Münsteraner Führungsgespräch <33, 1997, Münster (Westf)> 1 Münsteraner Führungsgespräch <33, 1997, Münster, Westfalen> 1 National Center for Employee Ownership ¬Oakland, ¬Calif. 1 National Industrial Conference Board 1 Oesterreichische Nationalbank 1 Organisation for Economic Co-operation and Development 1 Shared Capitalism Conference <2006, New York, NY> 1 Sonderforschungsbereich Quantifikation und Simulation Ökonomischer Prozesse 1 USA / Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises 1 USA / Subcommittee on Commerce, Trade and Consumer Protection 1 USA / Subcommittee on Securities and Investment 1 United States / Securities and Exchange Commission / Division of Trading and Exchanges 1 University of British Columbia / Finance Division 1 University of Cambridge / Department of Applied Economics 1
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Published in...
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Journal of financial economics 48 The review of financial studies 41 Journal of accounting & economics 39 Journal of banking & finance 36 The journal of corporate finance : contracting, governance and organization 36 The journal of finance : the journal of the American Finance Association 36 Working paper / National Bureau of Economic Research, Inc. 35 NBER working paper series 32 Review of quantitative finance and accounting 27 NBER Working Paper 25 The accounting review : a publication of the American Accounting Association 22 Europäische Hochschulschriften / 5 21 The journal of futures markets 21 Journal of business finance & accounting : JBFA 20 Finance research letters 19 Review of accounting studies 19 Betriebs-Berater : BB 17 The journal of derivatives : the official publication of the International Association of Financial Engineers 17 Journal of financial and quantitative analysis : JFQA 16 Finanz-Betrieb : FB ; Zeitschrift für Unternehmensfinanzierung und Finanzmanagement 15 Der Betrieb 14 The journal of applied business research 14 International review of economics & finance : IREF 13 Managerial finance 13 Applied economics letters 12 Sonderforschungsbereich 504, Rationalitätskonzepte, Entscheidungsverhalten und Ökonomische Modellierung 12 Contemporary accounting research : a journal of the Canadian Academic Accounting Association 11 WPg : Kompetenz schafft Vertrauen 11 SpringerLink / Bücher 10 Strategic management journal 10 The journal of the American Taxation Association : a publ. of the Tax Section of the American Accounting Association 10 Discussion paper / Centre for Economic Policy Research 9 International review of financial analysis 9 Journal of economic dynamics & control 9 Journal of empirical finance 9 KoR : internationale und kapitalmarktorientierte Rechnungslegung ; IFRS 9 Review of Pacific Basin financial markets and policies 9 Review of accounting & finance 9 The financial review : the official publication of the Eastern Finance Association 9 Applied economics 8
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Source
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ECONIS (ZBW) 2,603 USB Cologne (EcoSocSci) 81
Showing 1 - 50 of 2,684
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The first is free : do employee stocks incentivize stock market participation?
Nielsson, Ulf; Press, Oliver-Alexander - In: The European journal of finance 31 (2025) 1, pp. 1-13
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A Bayesian stochastic discount factor for the cross-section of individual equity options
Käfer, Niclas; Mörke, Mathis; Weigert, Florian; … - 2025 - This version: April 23, 2024
We utilize Bayesian model averaging to estimate a stochastic discount factor (SDF) for single-stock options. A Bayesian model averaging SDF outperforms reduced-form benchmark models in-sample and out-of-sample in pricing option return anomalies and portfolios. We document that the SDF is dense...
Persistent link: https://ebvufind01.dmz1.zbw.eu/10015204018
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Mike Jensen on CEO pay
Murphy, Kevin James - In: Journal of applied corporate finance : JACF 36 (2024) 3, pp. 92-94
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The effects of firm-specific incentives (stock options) on mobility and employee entrepreneurship
Chila, Vilma; Devarakonda, Shivaram - In: Journal of business venturing 39 (2024) 3, pp. 1-21
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Quality issues of implied volatilities of index and stock options in the OptionMetrics IvyDB database
Wallmeier, Martin - In: The journal of futures markets 44 (2024) 5, pp. 854-875
Persistent link: https://ebvufind01.dmz1.zbw.eu/10014536695
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Equity incentive plans and board of director discretion over equity grants
Cadman, Brian; Carrizosa, Richard - In: Journal of accounting research 62 (2024) 4, pp. 1227-1264
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Explaining the compensation of superstar CEOs : the case of Elon Musk
Bertomeu, Jeremy; Marinovic, Iván; Milone, Mario - 2024
Persistent link: https://ebvufind01.dmz1.zbw.eu/10015101002
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Corporate culture homogeneity and top executive incentive design : evidence from CEO compensation contracts
Campbell, Dennis W.; Shang, Ruidi; Zhang, Zhifang - 2024
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The interaction between equity-based compensation and debt in managerial risk choices
Glória, Carlos Miguel; Dias, José Carlos; Ruas, João … - In: Review of derivatives research 27 (2024) 3, pp. 227-258
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Executive equity incentives and corporate digital transformation
Zhao, Xiangfang; Zeng, Yongliang - In: Economics letters 241 (2024), pp. 1-5
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Black-Scholes 50 years later : has the outperformance of passive option strategies finally faded?
Kumiega, Andrew; Sterijevski, Greg; Wills, Eric - 2024
Slightly over fifty years ago, the Black-Scholes option pricing model revolutionized investing by enabling a shift from linear to non-linear payoff structures. Myron Scholes later published two papers documenting the performance of passive option strategies that outperformed the underlying index...
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The Effects of Option Incentive Compensation on Corporate Innovation : The Case of China
Cheng, Rui; Frijns, Bart; Kim, Hyeongjun; Ryu, Doojin - 2023
This study aims to examine the impact of option incentives on corporate innovations in the representative emerging and transition economy. By utilizing the Chinese dataset, we find a noteworthy positive impact of option incentives on two dimensions of innovation: inputs and outputs. These...
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The Impact of Stock Option Incentive on Earnings Volatility Under Economic Policy Uncertainty
Kim, Na-Youn; Lee, Juhan - 2023
This study aims to verify the effect of stock option compensation paid to executives on company’s earnings volatility. To this end, we looked at the impact of stock option compensation on executives' decision-making under economic policy uncertainty (EPU). We empirically demonstrated that...
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Stock options pricing via machine learning methods combined with firm characteristics
Andreou, Panayiotis C.; Han, Chulwoo; Li, Nan - 2023
This paper proposes machine learning-based option pricing models that incorporate firm characteristics. We employ two semi-parametric models, one that uses machine learning to predict the implied volatility and the other to correct the pricing error of the Black-Scholes model and use 114 firm...
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Mega Grants : Why Would a Board Approve Nine-Figure CEO Pay?
Larcker, David F.; Tayan, Brian - 2023
Recent years have seen a reemergence of the practice of awarding “mega grants” to CEOs. Mega grants are large, one-time equity awards granted in lieu of or in addition to annual awards with the intended purpose of providing significant incentive to the CEO to achieve long-term targets. The...
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Costs of Executing Complex Options Trades
Li, Su; Musto, David K.; Pearson, Neil D. - 2023
Execution protocols for complex options orders allow market participants to execute multi-leg trades such as verticals, calendars, straddles, strangles, and others as a single trade at a net price. The costs to execute complex orders are significantly lower than the costs of simple orders. Part...
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An analysis of net-outcome contracting with applications to equity-based compensation
Hofmann, Christian; Huddart, Steven J.; Pfeiffer, Thomas - In: Review of accounting studies 28 (2023) 3, pp. 1657-1689
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Conflict or alignment? : the role of return-oriented foreign shareholders and domestic relational shareholders in mitigating earnings management
Yoshikawa, Toru; Requejo, Ignacio; Colpan, Asli M.; … - In: Strategic Organization 21 (2023) 4, pp. 827-855
Persistent link: https://ebvufind01.dmz1.zbw.eu/10014436161
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CEO compensation incentives and playing it safe : evidence from FAS 123R
Carline, Nicholas F.; Pryshchepa, Oksana; Wang, Bo - In: Journal of financial and quantitative analysis : JFQA 58 (2023) 7, pp. 2993-3026
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Mean-variance hedging of contingent claims with random maturity
Kladívko, Kamil; Zervos, Mihail - In: Mathematical finance : an international journal of … 33 (2023) 4, pp. 1213-1247
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Self-pricing options
Edelman, David - 2023
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Executive compensation : a justified reward or a mis-fortune, an empirical analysis of banks in Pakistan
Watto, Waqas Ahmad; Fahlevi, Mochammad; Mehmood, Sidra; … - In: Journal of open innovation : technology, market, and … 9 (2023) 3, pp. 1-14
The relationship between compensation, performance, and risk in a sample of Pakistani banks, using panel data for 20 banks from 2011 to 2021 has been examined in this research. To the best of researcher's knowledge, this is one of the first study examining the relationship between performance,...
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Breaking the chains of corporate compensation : unraveling the complexities of non-executive director compensation in South Africa's boardrooms
Owusu, Nkwantabisa Agyeiwaa; Sarpong, Francis Atta; … - In: Cogent business & management 10 (2023) 2, pp. 1-28
This study investigates the impact of excluding stock options for non-executive directors (NEDs) on the relationship between executive pay and firm performance. The research focuses on accounting measures and market performance. Using a sample of 220 non-financial firms, including 110 listed...
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Current State and Proposed Improvement for Stock Options of Listed Firms
Kim, Minki - 2023
As stock-based compensation plans for executives of listed companies have come to the fore, this has sparked social controversy over stock options, one of the stock compensation schemes widely used by Korea’s companies. A stock option plan is a compensation mechanism designed to alleviate...
Persistent link: https://ebvufind01.dmz1.zbw.eu/10014265387
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A Factor Model for Stock Options
Bali, Turan G.; Cao, Jie; Chabi-Yo, Fousseni; Song, Linjia - 2023
We propose a theoretically motivated and empirically robust factor model for option returns. The model consists of factors based on option illiquidity, option price, implied-minus-realized volatility, implied-minus-realized skewness, implied-minus-realized kurtosis, and the option market factor....
Persistent link: https://ebvufind01.dmz1.zbw.eu/10014254021
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Does Stock Options Compensation Mitigate CEO Overconfidence? : Evidence from Korea
Kim, Na-Youn; Lee, Juhan - 2023
Managers are involved in corporate management activities and actively intervene in major managerial decisions to make decisions that maximize firm profits. Since CEO's personal disposition influences the decision of risky investment project, the higher the CEO's overconfidence, the more...
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Equity Options and Firm Characteristics
Freire, Gustavo; Kleen, Onno - 2023
We study the relation between a comprehensive set of firm characteristics and the entire universe of individual equity option prices. We find that 42 out of 86 characteristics are priced in the option market, in the sense that they significantly explain differences in the implied volatility...
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Does CEOs Stock Options Affect Firms' Performance
Jallow, Assan - 2023
Using the agency, resource-based view, stakeholder, and stewardship theories, we investigate the relationship between chief executive officers' (CEOs') stock options, long-term debt, cash/sales turnover, and firm performance. Our empirical analysis suggests that these theories contribute to...
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Does Ending Stock Option Compensation for Independent Directors Affect Chief Executive Officer Monitoring : A Natural Experiment
Majoni, Akios; Rosenthal, Leonard - 2023
AbstractDivergent views exist about the impact of equity-based compensation on monitoring by Non-Executive Directors (NEDs) Prior studies report conflicting results mainly because of the endogeneity problem, which were not addressed or addressed using ineffective techniques. This study attempts...
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Implied volatility surfaces : a comprehensive analysis using half a billion option prices
Ulrich, Maxim; Zimmer, Lukas; Merbecks, Constantin - In: Review of derivatives research 26 (2023) 2/3, pp. 135-169
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Rethinking Share Buyback Execution : Insights into Temporal Optionality and Empirical Anomalies
Osterrieder, Joerg; Seigne, Michael - 2023
This research brief delves into the intricate domain of share buyback execution, particularly focusing on the temporal optionality aspect, which has been overlooked in traditional execution practices. Using a novel dataset sourced from regulatory filings on share buybacks, we employ Monte Carlo...
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Rethinking Share Buyback Execution : Insights into Temporal Optionality and Empirical Anomalies
Osterrieder, Joerg; Seigne, Michael - 2023
This research brief delves into the intricate domain of share buyback execution, particularly focusing on the temporal optionality aspect, which has been overlooked in traditional execution practices. Using a novel dataset sourced from regulatory filings on share buybacks, we employ Monte Carlo...
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Temporal Optionality in Share Buybacks : Hypothesizing an Inevitable Brokerage Outperformance
Osterrieder, Joerg; Seigne, Michael - 2023
This hypothesis paper explores a potential anomaly within the realm of share buybacks, positing an inevitable brokerage outperformance due to temporal optionality. The hypothesis under examination is that brokerage firms, regardless of stock price movements, can consistently outperform due to...
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Employee behavior in employee stock option plans : why do some employees acquire company stock?
Pendleton, Andrew; Robinson, Andrew - In: Human resource management 62 (2023) 2, pp. 197-211
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Hicksian Income in the Conceptual Framework
Macve, Richard H.; Bromwich, Michael; Sunder, Shyam - 2023
In seeking to replace accounting ‘conventions’ by ‘concepts’ in the pursuit of principles-based standards, the FASB/IASB joint project on the conceptual framework has grounded its approach on a well-known definition of ‘income’ by Hicks. We welcome the use of theories by accounting...
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What is Forensic Finance?
Griffin, John M.; Kruger, Samuel - 2023
We survey a growing field studying aspects of finance that are potentially illegal, illicit, or immoral. Some of the literature is investigative in nature to uncover malfeasance that is recent and possibly ongoing. Other forensic finance research examines past events to generate a fuller...
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The information content of options trading for the CEO employee pay ratio
Hsieh, Pei-Fang; Lin, Zih-Ying - In: Review of quantitative finance and accounting 64 (2025) 1, pp. 89-118
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The incremental information of stock options in event studies : the Deepwater Horizon oil spill case
Diosdado, Leobardo; Wallace, Sarah; Parker, Ronald; … - In: Managerial finance 51 (2025) 1, pp. 1-11
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Do financial constraints affect the CEO stock options remuneration? : evidence from a panel threshold model
Zaiane, Sedki; Dabbou, Halim; Gallali, Mohamed Imen - In: EuroMed journal of business 20 (2025) 1, pp. 75-93
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CEO and CFO stock options and trading activity around bank loans
Khayati, Amine; Tompkins, James; Bray, David; Clampit, Jack - In: Corporate governance : an international review 33 (2025) 2, pp. 178-201
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Firm-Level Climate Change Risk and CEO Equity Incentives
Hossain, Ashrafee Tanvir; Al Masum, Abdullah; Saadi, Samir - 2022
We document evidence that the CEOs who lead the firms that face higher climate change risk (CCR) receive higher equity-based compensation. Our finding is consistent with the compensating-wedge-differential theory and survives numerous robustness and endogeneity tests. The result is more...
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Stock return extrapolation, option prices, and variance risk premium
Atmaz, Adem - In: The review of financial studies 35 (2022) 3, pp. 1348-1393
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Determinants of stock-based incentives : evidence from Korean firm-level data
Jung, Sun-Moon; Kim, Chae-yŏng - In: Seoul journal of economics : SJE 35 (2022) 1, pp. 59-87
Persistent link: https://ebvufind01.dmz1.zbw.eu/10012887167
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Are Equity Option Returns Abnormal? IPCA Says No
Goyal, Amit; Saretto, Alessio - 2022
We show that much of the profitability in equity option return strategies, which try to capture option mispricing by taking exposure to underlying volatility, can be explained by an IPCA model. The alpha reduction, relative to competing static factor models, is between 50% and 75% depending on...
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Stock-based compensation and insider trading with liquidity signal
Hahn, Guangsug; Kwon, Joon Yeop - In: Korea and the world economy 23 (2022) 3, pp. 167-184
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Determinants of Return-Maximizing CEO Equity & Cash Compensation Determinants of Return-Maximizing CEO Equity & Cash Compensation
Pandher, Gurupdesh S. - 2022
While the literature appeals to efficiency arguments from agency theory to explain the relative rise of CEO equity compensation, prior work has given less focus to CEO pay contracts based on equity and cash incentives that directly (analytically) maximize the total return of firm owners. The...
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Firm Strategy and CEO−VP Pay Differentials in Equity Compensation
Abernethy, Margaret A.; Dong, Yunhe; Kuang, Yu Flora; … - 2022
We examine whether pay differentials between the chief executive officer (CEO) and vice presidents (VPs) can be explained by firms’ strategic priorities. We find that firms that pursue prospector-type strategies have a larger CEO−VP difference in equity compensation. We argue that such a pay...
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On Stock-Based Loans
McWalter, Thomas; peter., Peter - 2022
We investigate the equilibrium interest rate charges on non-recourse and recourse loans secured by stock. In such loans the client retains the option to prepay and recover the collateral stock. We adopt a structural model of the firm where debt levels, with endogenous bankruptcy, affect equity...
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Fed Put in the Equity Options Markets
Dahiya, Sandeep; Kamrad, Bardia; Potì, Valerio; … - 2022
We use option prices to test if monetary policy has a significant impact on stock market participants' expectations. We find that, with loose monetary policy, traded equity put (call) options are significantly cheaper (more expensive) versus tight monetary policy. Higher call option prices...
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Are Equity Option Returns Abnormal? IPCA Says No
Goyal, Amit; Saretto, Alessio - 2022
We show that much of the profitability in equity option return strategies, that try to capture option mis-pricing by taking exposure to underlying volatility, can be explained by an IPCA model. The alpha reduction, relative to competing static factor models, is between 50% and 75% depending on...
Persistent link: https://ebvufind01.dmz1.zbw.eu/10013492411
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