search query: @indexterm share incentive schemes / total: 53
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| Author: | Kahle, K.M. |
| Title: | When buyback isn't a buyback: open market repurchases and employee options |
| Journal: | Journal of Financial Economics
2002 : FEB, VOL. 63:2, p. 235-261 |
| Index terms: | EMPLOYEES EXECUTIVES SHARE INCENTIVE SCHEMES STOCK OPTIONS |
| Freeterms: | REPURCHASE |
| Language: | eng |
| Abstract: | This paper examines how stock options affect the decision to repurchase shares. Firms announce repurchases when executives have large numbers of options outstanding and when employees have large numbers of options currently exercisable. Once the decision to repurchase is made, the amount repurchased is positively related to total options exercisable by all employees but independent of managerial options. |
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