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| Author: | McGuire, J. Matta, E. |
| Title: | CEO stock options: the silent dimension of ownership |
| Journal: | Academy of Management Journal
2003 : APR, VOL. 46:2, p. 255-265 |
| Index terms: | Options Chief executive officers Stock ownership |
| Language: | eng |
| Abstract: | The authors examine the ownership and performance implications of the exercise of CEO stock options. They find that the exercise of stock options has no impact on the levels of CEO equity and no relationship with subsequent firm performance. The decision to exercise stock options appears to reflect risk-balancing concerns rather than expectations for future performance. |
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