Option Repricing, Corporate Governance, and the Effect of Shareholder Empowerment
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DOI: 10.1016/j.jfineco.2017.05.004
Abstract: We use the practice of employee option repricing to investigate how shareholder involvement in firm compensation policies affects the quality of firm governance. We find that a 2003 reform that empowered shareholders to approve or… read more here.
Keywords: shareholder; shareholder empowerment; governance; option repricing ... See more keywords