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An empirical examination of the costs and benefits of executive stock options: Evidence from Japan
16 references·16 citing·40 second hopsampled
An empirical examination of the costs and benefits of executive stock options: Evidence from Japan (2005)An empirical examination of the costs and…Executive compensation (2008)Executive compensationCEO stock option awards and the timing of corporate voluntary disclosures (2000)CEO stock option awards and t…Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure (1998)Theory of the Firm: Manageria…Are CEOs Really Paid Like Bureaucrats? (1998)Are CEOs Really Paid Like Bur…Good Timing: CEO Stock Option Awards and Company News Announcements (1997)Good Timing: CEO Stock Option…Are CEOs Really Paid Like Bureaucrats? (1997)Are CEOs Really Paid Like Bur…Detecting abnormal operating performance: The empirical power and specification of test statistics (1996)Detecting abnormal operating …Firm performance, corporate governance, and top executive turnover in Japan (1995)Firm performance, corporate g…Do corporations award CEO stock options effectively? (1995)Do corporations award CEO sto…Performance Pay and Top-Management Incentives (1990)Performance Pay and Top-Manag…Aggregation and Linearity in the Provision of Intertemporal Incentives (1987)Aggregation and Linearity in …Moral Hazard and Observability (1979)Moral Hazard and ObservabilityEstimating betas from nonsynchronous data (1977)Estimating betas from nonsync…Determinants of corporate borrowing (1977)Determinants of corporate bor…Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Theory of the firm: Manageria…The Pricing of Options and Corporate Liabilities (1973)The Pricing of Options and Co…What's good for you is good for me: The effect of CEO inside debt on the cost of equity (2020)What's good for you is good f…Collective Pay for Performance: A Cross-Disciplinary Review and Meta-Analysis (2018)Collective Pay for Performanc…Executive Compensation: A Survey of Theory and Evidence ✶ ✶We thank Aubrey Clark, Fabrizio Ferri, Carola Frydman, Tom Gosling, Steve Kaplan, Gaizka Ormazabal, Kelly Shue, Alexander Wagner, David Zhang, and especially Pierre Chaigneau for helpful comments and Janet Chater, Irem Erten, Jesus Gorrin, Joseph Kalmenovitz, and Jiaying Wei for research assistance. (2017)Executive Compensation: A Sur…Leveraging foreign institutional logic in the adoption of stock option pay among J apanese firms (2015)Leveraging foreign institutio…CEO deal-making activities and compensation (2014)CEO deal-making activities an…Audit Committee Stock Options and Financial Reporting Quality after the Sarbanes-Oxley Act of 2002 (2014)Audit Committee Stock Options…Are Stock Option Grants to Directors of State-Controlled Chinese Firms Listed in Hong Kong Genuine Compensation? (2013)Are Stock Option Grants to Di…You get what you Pay for: The Effect of Top Executives’ Compensation on Advertising and R&D Spending Decisions and Stock Market Return (2012)You get what you Pay for: The…CEO risk incentives and firm performance following R&D increases (2012)CEO risk incentives and firm …Evaluating the effects of equity incentives using PSM: Evidence from China (2011)Evaluating the effects of equ…Employee Stock Options and Investment (2011)Employee Stock Options and In…Cash holdings and share repurchases: International evidence (2011)Cash holdings and share repur…Optimal exercise of executive stock options and implications for firm cost (2010)Optimal exercise of executive…How the Legal System Affects the Equity Mix in Executive Compensation (2010)How the Legal System Affects …Executive compensation in Asia: A critical review and outlook (2010)Executive compensation in Asi…Do stock prices reflect the corporate governance quality of Japanese firms? (2008)Do stock prices reflect the c…The Theory of Syndicates (1968)Essays in the Theory of Risk-Bearing. (1972)Markets and Hierarchies: Analysis and Antitrust Implications. 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References

  • 1976Theory of the firm: Managerial behavior, agency costs and ownership structure71,441 cited
  • 1973The Pricing of Options and Corporate Liabilities29,064 cited
  • 1977Determinants of corporate borrowing13,160 cited
  • 1979Moral Hazard and Observability8,358 cited
  • 1990Performance Pay and Top-Management Incentives5,080 cited
  • 1987Aggregation and Linearity in the Provision of Intertemporal Incentives2,870 cited
  • 1977Estimating betas from nonsynchronous data2,751 cited
  • 1998Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure2,749 cited
  • 2008Executive compensation2,390 cited
  • 1996Detecting abnormal operating performance: The empirical power and specification of test statistics1,609 cited
  • 1998Are CEOs Really Paid Like Bureaucrats?1,373 cited
  • 1997Are CEOs Really Paid Like Bureaucrats?1,291 cited
  • 1995Do corporations award CEO stock options effectively?1,128 cited
  • 2000CEO stock option awards and the timing of corporate voluntary disclosures1,053 cited
  • 1997Good Timing: CEO Stock Option Awards and Company News Announcements974 cited
  • 1995

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Firm performance, corporate governance, and top executive turnover in Japan
935 cited

Cited by

  • 2011Cash holdings and share repurchases: International evidence121 cited
  • 2018Collective Pay for Performance: A Cross-Disciplinary Review and Meta-Analysis112 cited
  • 2012You get what you Pay for: The Effect of Top Executives’ Compensation on Advertising and R&D Spending Decisions and Stock Market Return111 cited
  • 2010Executive compensation in Asia: A critical review and outlook91 cited
  • 2010Optimal exercise of executive stock options and implications for firm cost90 cited
  • 2013Are Stock Option Grants to Directors of State-Controlled Chinese Firms Listed in Hong Kong Genuine Compensation?89 cited
  • 2012CEO risk incentives and firm performance following R&D increases83 cited
  • 2017Executive Compensation: A Survey of Theory and Evidence ✶ ✶We thank Aubrey Clark, Fabrizio Ferri, Carola Frydman, Tom Gosling, Steve Kaplan, Gaizka Ormazabal, Kelly Shue, Alexander Wagner, David Zhang, and especially Pierre Chaigneau for helpful comments and Janet Chater, Irem Erten, Jesus Gorrin, Joseph Kalmenovitz, and Jiaying Wei for research assistance.79 cited
  • 2011Employee Stock Options and Investment79 cited
  • 2008Do stock prices reflect the corporate governance quality of Japanese firms?77 cited
  • 2014CEO deal-making activities and compensation58 cited
  • 2020What's good for you is good for me: The effect of CEO inside debt on the cost of equity54 cited
  • 2011Evaluating the effects of equity incentives using PSM: Evidence from China53 cited
  • 2015Leveraging foreign institutional logic in the adoption of stock option pay among J apanese firms50 cited
  • 2014Audit Committee Stock Options and Financial Reporting Quality after the Sarbanes-Oxley Act of 200247 cited
  • 2010How the Legal System Affects the Equity Mix in Executive Compensation44 cited