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Employee Sentiment and Stock Option Compensation
16 references·14 citing·43 second hopsampled
Employee Sentiment and Stock Option Compensation (2005)Employee Sentiment and Stock Option Compe…Financing decisions: who issues stock? (2004)Financing decisions: who issu…Market Timing and Capital Structure (2002)Market Timing and Capital Str…Inefficient Markets: An Introduction to Behavioral Finance (2002)Inefficient Markets: An Intro…Dividends, Share Repurchases, and the Substitution Hypothesis (2002)Dividends, Share Repurchases,…The theory and practice of corporate finance: evidence from the field (2001)The theory and practice of co…Familiarity Breeds Investment (2001)Familiarity Breeds InvestmentThe Equity Share in New Issues and Aggregate Stock Returns (2000)The Equity Share in New Issue…Earnings management and the underperformance of seasoned equity offerings11We thank Brad Barber (the referee), Randy Beatty, Vic Bernard, K.C. Chan, Kent Daniel, M. DeFond, Laura Field, David Heike, Chuan Yang Hwang, Jonathan Karpoff, S.P. Kothari, Charles Lee, Wayne Mikkelson (the editor), Tim Opler, Krishna Palepu, K. Ramesh, Jay Ritter, Terry Shevlin, Doug Skinner, Sheridan Titman, Ross Watts, Jerry Zimmerman, and seminar participants at the University of California Finance and Accounting Conference (Davis, March 1995), the NBER Corporate Finance Conference (Boston, August 1995), the Center for Research in Security Prices Seminar (Chicago, October 1995), the American Finance Association Conference (San Francisco, 1996), the American Accounting Association Conference (Chicago, August 1996), the University of Michigan, and the University of Rochester for helpful comments and discussions. (1998)Earnings management and the u…Earnings Management and the Long‐Run Market Performance of Initial Public Offerings (1998)Earnings Management and the L…The New Issues Puzzle (1995)The New Issues PuzzleDo corporations award CEO stock options effectively? (1995)Do corporations award CEO sto…Compensation and Incentives: Practice vs. Theory (1988)Compensation and Incentives: …Investment banking and the capital acquisition process (1986)Investment banking and the ca…Corporate Financing and Investment Decisions When Firms Have InformationThat Investors Do Not Have (1984)Corporate Financing and Inves…Judgment under Uncertainty: Heuristics and Biases (1975)Judgment under Uncertainty: H…Judgment under Uncertainty: Heuristics and Biases (1974)Judgment under Uncertainty: H…Does Culture Pay? Compensating Differentials, Job Satisfaction, and Organizational Practices (2017)Does Culture Pay? Compensatin…Stocking up: Executive optimism, option exercise, and share retention (2015)Stocking up: Executive optimi…Selection Benefits of Stock-Based Compensation for the Rank-and-File (2014)Selection Benefits of Stock-B…Employee Stock Option-Implied Risk Attitude Under Rank-Dependent Expected Utility (2013)Employee Stock Option-Implied…The Option to Quit: The Effect of Employee Stock Options on Turnover (2011)The Option to Quit: The Effec…An Empirical Assessment of Empirical Corporate Finance (2011)An Empirical Assessment of Em…CEO Compensation (2010)CEO CompensationSovereign Wealth Funds: Their Investment Strategies and Performance (2008)Sovereign Wealth Funds: Their…CEO Overconfidence and Dividend Policy (2008)CEO Overconfidence and Divide…The Value of Stock Options to Non-Executive Employees (2006)The Value of Stock Options to…The Determinants of Stock Option Compensation: Evidence from Finland (2006)The Determinants of Stock Opt…Accelerated Vesting of Employee Stock Options in Anticipation of FAS 123-R* (2005)Accelerated Vesting of Employ…Corporate Financing Decisions When Investors Take the Path of Least Resistance (2004)Corporate Financing Decisions…Corporate Financing Decisions When Investors Take the Path of Least Resistance (2004)Corporate Financing Decisions…Subjective probability: A judgment of representativeness (1972)Availability: A heuristic for judging frequency and probability (1973)On the psychology of prediction. (1973)The Framing of Decisions and the Psychology of Choice (1981)Prospect theory: An analysis of decision under risk (1988)Advances in prospect theory: Cumulative representation of uncertainty (1992)Risk, Return, and Equilibrium: Empirical Tests (1973)Earnings Management During Import Relief Investigations (1991)Common risk factors in the returns on stocks and bonds (1993)Earnings Management through Real Activities Manipulation (2003)Performance matched discretionary accrual measures (2005)The economic implications of corporate financial reporting (2005)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Determinants of corporate borrowing (1977)The Determination of Financial Structure: The Incentive-Signalling Approach (1977)The Capital Structure Puzzle (1984)The Determinants of Capital Structure Choice (1988)Event Studies in Economics and Finance (1997)The relationship between return and market value of common stocks (1981)The Cross-Section of Expected Stock Returns (1992)Investor Sentiment and the Cross‐Section of Stock Returns (2006)A five-factor asset pricing model (2014)Domestic Saving and International Capital Flows (1980)A Simple Model of Capital Market Equilibrium with Incomplete Information (1987)Home Bias at Home: Local Equity Preference in Domestic Portfolios (1999)How Distance, Language, and Culture Influence Stockholdings and Trades (2001)Investor Psychology and Asset Pricing (2001)The determinants of cross-border equity flows (2004)Corporate financing and investment decisions when firms have information that investors do not have (1984)Managing with Style: The Effect of Managers on Firm Policies (2003)Law, finance, and economic growth in China (2005)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Capital Structure Decisions: Which Factors Are Reliably Important? (2007)Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches (2008)Does Corporate Social Responsibility Affect the Cost of Capital? (2010)The Nature of the Firm (1937)Separation of Ownership and Control (1983)AFFECT- AND COGNITION-BASED TRUST AS FOUNDATIONS FOR INTERPERSONAL COOPERATION IN ORGANIZATIONS. (1995)The Provision of Incentives in Firms (1999)Executive Compensation as an Agency Problem (2003)Investor Psychology and Security Market Under‐ and Overreactions (1998)Development of NASA-TLX (Task Load Index): Results of Empirical and Theoretical Research (1988)Epistemic Injustice (2007)
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References

  • 1974Judgment under Uncertainty: Heuristics and Biases28,742 cited
  • 1975Judgment under Uncertainty: Heuristics and Biases22,647 cited
  • 1984Corporate Financing and Investment Decisions When Firms Have InformationThat Investors Do Not Have6,535 cited
  • 2001The theory and practice of corporate finance: evidence from the field5,947 cited
  • 2002Market Timing and Capital Structure3,804 cited
  • 1995The New Issues Puzzle3,550 cited
  • 1998Earnings Management and the Long‐Run Market Performance of Initial Public Offerings2,300 cited
  • 2001Familiarity Breeds Investment1,920 cited
  • 1988Compensation and Incentives: Practice vs. Theory1,719 cited
  • 1998Earnings management and the underperformance of seasoned equity offerings11We thank Brad Barber (the referee), Randy Beatty, Vic Bernard, K.C. Chan, Kent Daniel, M. DeFond, Laura Field, David Heike, Chuan Yang Hwang, Jonathan Karpoff, S.P. Kothari, Charles Lee, Wayne Mikkelson (the editor), Tim Opler, Krishna Palepu, K. Ramesh, Jay Ritter, Terry Shevlin, Doug Skinner, Sheridan Titman, Ross Watts, Jerry Zimmerman, and seminar participants at the University of California Finance and Accounting Conference (Davis, March 1995), the NBER Corporate Finance Conference (Boston, August 1995), the Center for Research in Security Prices Seminar (Chicago, October 1995), the American Finance Association Conference (San Francisco, 1996), the American Accounting Association Conference (Chicago, August 1996), the University of Michigan, and the University of Rochester for helpful comments and discussions.1,638 cited
  • 2002Dividends, Share Repurchases, and the Substitution Hypothesis1,467 cited

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2002
Inefficient Markets: An Introduction to Behavioral Finance
1,293 cited
  • 2000The Equity Share in New Issues and Aggregate Stock Returns1,183 cited
  • 1995Do corporations award CEO stock options effectively?1,128 cited
  • 1986Investment banking and the capital acquisition process979 cited
  • 2004Financing decisions: who issues stock?922 cited
  • Cited by

    • 2008Sovereign Wealth Funds: Their Investment Strategies and Performance117 cited
    • 2011An Empirical Assessment of Empirical Corporate Finance54 cited
    • 2010CEO Compensation53 cited
    • 2014Selection Benefits of Stock-Based Compensation for the Rank-and-File44 cited
    • 2015Stocking up: Executive optimism, option exercise, and share retention41 cited
    • 2004Corporate Financing Decisions When Investors Take the Path of Least Resistance37 cited
    • 2006The Determinants of Stock Option Compensation: Evidence from Finland35 cited
    • 2006The Value of Stock Options to Non-Executive Employees29 cited
    • 2005Accelerated Vesting of Employee Stock Options in Anticipation of FAS 123-R*26 cited
    • 2011The Option to Quit: The Effect of Employee Stock Options on Turnover23 cited
    • 2008CEO Overconfidence and Dividend Policy22 cited
    • 2004Corporate Financing Decisions When Investors Take the Path of Least Resistance18 cited
    • 2013Employee Stock Option-Implied Risk Attitude Under Rank-Dependent Expected Utility3 cited
    • 2017Does Culture Pay? Compensating Differentials, Job Satisfaction, and Organizational Practices3 cited