Shifting corporate culture: executive stock ownership plan adoptions and incentives to meet or just beat analysts’ expectations
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DOI: 10.1007/s11142-018-9442-6
Abstract: This paper investigates whether adoptions of executive stock ownership plans coincide with decreased incentives to meet or just beat analysts’ near-term EPS forecasts. Firms often assert that ownership plans focus executives on long-term performance. I… read more here.
Keywords: meet beat; stock ownership; incentives meet; plan ... See more keywords
THE VALUATION OF EXECUTIVE STOCK OPTIONS UNDER GARCH MODELS
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DOI: 10.1017/s0269964817000316
Abstract: In this paper, we investigate executive stock options with endogenous departure and time-varying variances. We use a “Generalized Autoregressive Conditional Heteroskedasticity” process to capture the variance process of the log stock price. In addition, we… read more here.
Keywords: options garch; executive stock; stock options; valuation executive ... See more keywords