search query: @author Lang, M. / total: 10
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| Author: | Huddart, S. Lang, M. |
| Title: | Information distribution within firms: evidence from stock option exercises |
| Journal: | Journal of Accounting & Economics
2003 : JAN, VOL. 34:1-3, p. 3-31 |
| Index terms: | Accounting Compensation Disclosure Regulations Securities |
| Language: | eng |
| Abstract: | The authors find that when option exercise is low, stock returns in the coming 6 months are 10 % higher than when option exercise is high. The exercise decisions of relatively junior employees contain at least as much price-relevant information as the exercise decisions of more senior employees. |
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