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The Effect of Employee Stock Options on Bank Investment Choice, Borrowing, and Capital
16 references·16 citing·40 second hopsampled
The Effect of Employee Stock Options on Bank Investment Choice, Borrowing, and Capital (2007)The Effect of Employee Stock Options on B…Executive compensation (2008)Executive compensationEstimating Standard Errors in Finance Panel Data Sets: Comparing Approaches (2008)Estimating Standard Errors in…Managerial incentives and risk-taking☆ (2005)Managerial incentives and ris…Estimating the Value of Employee Stock Option Portfolios and Their Sensitivities to Price and Volatility (2002)Estimating the Value of Emplo…Econometric Analysis of Cross Section and Panel Data (2001)Econometric Analysis of Cross…What Do a Million Observations on Banks Say About the Transmission of Monetary Policy? (2000)What Do a Million Observation…The sensitivity of CEO wealth to equity risk: an analysis of the magnitude and determinants (1999)The sensitivity of CEO wealth…Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure (1998)Theory of the Firm: Manageria…Diversification, Size, and Risk at Bank Holding Companies (1997)Diversification, Size, and Ri…Executive compensation structure, ownership, and firm performance (1995)Executive compensation struct…Economics, Organization and Management. (1993)Economics, Organization and M…The investment opportunity set and corporate financing, dividend, and compensation policies (1992)The investment opportunity se…Optimal capital structure under corporate and personal taxation (1980)Optimal capital structure und…Specification Tests in Econometrics (1978)Specification Tests in Econom…Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Theory of the firm: Manageria…ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES* (1974)ON THE PRICING OF CORPORATE D…Corporate governance and financial stability in US banks: Do indirect interlocks matter? (2019)Corporate governance and fina…Managerial Incentives, Options, and Cost-Structure Choices (2017)Managerial Incentives, Option…CEO compensation and risk-taking at financial firms: Evidence from U.S. federal loan assistance (2017)CEO compensation and risk-tak…ROE in Banks: Myth and Reality (2014)ROE in Banks: Myth and RealityCEO inside debt holdings and risk-shifting: Evidence from bank payout policies (2014)CEO inside debt holdings and …Executive compensation, risk taking and the state of the economy (2013)Executive compensation, risk …CEO Bonus Compensation and Bank Default Risk: Evidence from the U.S. and Europe (2013)CEO Bonus Compensation and Ba…Trading by Bank Insiders Before and During the Financial Crisis (2012)Trading by Bank Insiders Befo…Corporate Governance of Financial Institutions (2012)Corporate Governance of Finan…CEO inside debt and hedging decisions: Lessons from the U.S. banking industry (2012)CEO inside debt and hedging d…The Probability of Default, Excessive Risk, and Executive Compensation: A Study of Financial Services Firms from 1995 to 2008 (2011)The Probability of Default, E…Subprime Crisis and Board (In)Competence: Private vs. Public Banks in Germany (2010)Subprime Crisis and Board (In…Stronger Risk Controls, Lower Risk: Evidence from U.S. Bank Holding Companies (2010)Stronger Risk Controls, Lower…Managerial Compensation in the Financial Service Industry (2010)Managerial Compensation in th…Executive Compensation and Risk Taking (2010)Executive Compensation and Ri…Financial Sector Pro-Cyclicality: Lessons from the Crisis (2009)Financial Sector Pro-Cyclical…FINANCIAL RATIOS, DISCRIMINANT ANALYSIS AND THE PREDICTION OF CORPORATE BANKRUPTCY (1968)The Pricing of Options and Corporate Liabilities (1973)Boards: Does one size fit all☆ (2007)Are Overconfident CEOs Better Innovators? (2012)Corporate Immunity to the COVID-19 Pandemic (2020)Determinants of corporate borrowing (1977)Corporate financing and investment decisions when firms have information that investors do not have (1984)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Higher market valuation of companies with a small board of directors (1996)Corporate governance, chief executive officer compensation, and firm performance (1999)Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature (2001)The Capital Structure Puzzle (1984)The Determinants of Capital Structure Choice (1988)Market Timing and Capital Structure (2002)The cost of capital, corporation finance and the theory of investment (2008)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Option pricing when underlying stock returns are discontinuous (1976)The valuation of options for alternative stochastic processes (1976)An equilibrium characterization of the term structure (1977)On the Pooling of Time Series and Cross Section Data (1978)Autoregressive Conditional Heteroscedasticity with Estimates of the Variance of United Kingdom Inflation (1982)Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations (1991)Another look at the instrumental variable estimation of error-components models (1995)Corporate social responsibility and access to finance (2013)The China Syndrome: Local Labor Market Effects of Import Competition in the United States (2013)The Nature of the Firm (1937)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)Separation of Ownership and Control (1983)Law and Finance (1998)Risk, Return, and Equilibrium: Empirical Tests (1973)Robust Standard Errors for Panel Regressions with Cross-Sectional Dependence (2007)Robust Inference With Multiway Clustering (2011)Policy Uncertainty and Corporate Investment (2015)An Integrative Model Of Organizational Trust (1995)Political Science and the Three New Institutionalisms (1996)Upper Echelons Theory: An Update (2007)Managing Resources: Linking Unique Resources, Management, and Wealth Creation in Family Firms (2003)R2 around the world: New theory and new tests☆ (2005)Over-investment of free cash flow (2006)
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References

  • 1976Theory of the firm: Managerial behavior, agency costs and ownership structure71,441 cited
  • 2001Econometric Analysis of Cross Section and Panel Data27,575 cited
  • 1978Specification Tests in Econometrics18,788 cited
  • 2008Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches10,793 cited
  • 1974ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES*10,779 cited
  • 1993Economics, Organization and Management.4,644 cited
  • 1992The investment opportunity set and corporate financing, dividend, and compensation policies3,591 cited
  • 2005Managerial incentives and risk-taking☆2,924 cited
  • 1980Optimal capital structure under corporate and personal taxation2,906 cited
  • 1998Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure2,749 cited
  • 2000What Do a Million Observations on Banks Say About the Transmission of Monetary Policy?2,505 cited
  • 2008Executive compensation2,390 cited
  • 1995Executive compensation structure, ownership, and firm performance2,088 cited
  • 2002Estimating the Value of Employee Stock Option Portfolios and Their Sensitivities to Price and Volatility1,697 cited
  • 1999The sensitivity of CEO wealth to equity risk: an analysis of the magnitude and determinants

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1,391 cited
  • 1997Diversification, Size, and Risk at Bank Holding Companies1,092 cited
  • Cited by

    • 2017Managerial Incentives, Options, and Cost-Structure Choices91 cited
    • 2014CEO inside debt holdings and risk-shifting: Evidence from bank payout policies90 cited
    • 2009Financial Sector Pro-Cyclicality: Lessons from the Crisis88 cited
    • 2010Executive Compensation and Risk Taking76 cited
    • 2011The Probability of Default, Excessive Risk, and Executive Compensation: A Study of Financial Services Firms from 1995 to 200874 cited
    • 2017CEO compensation and risk-taking at financial firms: Evidence from U.S. federal loan assistance71 cited
    • 2019Corporate governance and financial stability in US banks: Do indirect interlocks matter?71 cited
    • 2012Corporate Governance of Financial Institutions67 cited
    • 2013CEO Bonus Compensation and Bank Default Risk: Evidence from the U.S. and Europe57 cited
    • 2010Subprime Crisis and Board (In)Competence: Private vs. Public Banks in Germany55 cited
    • 2010Stronger Risk Controls, Lower Risk: Evidence from U.S. Bank Holding Companies52 cited
    • 2012Trading by Bank Insiders Before and During the Financial Crisis44 cited
    • 2013Executive compensation, risk taking and the state of the economy38 cited
    • 2014ROE in Banks: Myth and Reality37 cited
    • 2012CEO inside debt and hedging decisions: Lessons from the U.S. banking industry36 cited
    • 2010Managerial Compensation in the Financial Service Industry33 cited