haku: @author Kumar, R. / yhteensä: 14
viite: 5 / 14
| Tekijä: | Chance, D.M. Kumar, R. Todd, R.B. |
| Otsikko: | The "repricing" of executive stock options |
| Lehti: | Journal of Financial Economics
2000 : JUL, VOL. 57:1, p. 129-154 |
| Asiasana: | Executives Incentives Options |
| Kieli: | eng |
| Tiivistelmä: | The authors examine a sample of firms that reset the exercise prices on their executive options. These repricings follow a period of about one year of poor firm-specific performance in which the average firm loses one-fourth of its value. No other offsetting changes to option terms or compensation are made, and many firms reprice more than once. Without repricing, a majority of the options would have been at-the-money within two years. |
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