search query: @indexterm Chief executive officers / total: 802
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| Author: | Sanders, Wm.G. |
| Title: | Behavioral responses of CEOs to stock ownership and stock option pay |
| Journal: | Academy of Management Journal
2001 : JUN, VOL. 44:5, p. 477-492 |
| Index terms: | CHIEF EXECUTIVE OFFICERS STOCK OPTIONS STOCK OWNERSHIP |
| Language: | eng |
| Abstract: | Executive stock ownership and stock option pay are often assumed to have congruent incentive effects: however, these incentives have assymmetrical risk properties, and executives may respond to them in different ways. This study, which examined the effects of ownership and option pay, showed that they had diametrically opposite effects on firms' acquisition and divestiture propensity. |
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