search query: @indexterm Chief executive officers / total: 802
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| Author: | Yermack, D. |
| Title: | Companies' modest claims about the value of CEO stock option awards |
| Journal: | Review of Quantitative Finance and Accounting
1998 : MAR, VOL. 10:2, p. 207-226 |
| Index terms: | FINANCE ACCOUNTING CHIEF EXECUTIVE OFFICERS |
| Language: | eng |
| Abstract: | This paper analyzes company disclosures of CEO stock option values in compliance with the SEC's regulations for reporting executive compensation data to stockholders. Companies appear to exploit the possibility of the regulations to reduce the apparent value of managerial compensation. Companies shorten the expected lives of stock options and unilaterally apply discounts to the Black-Scholes formula. |
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