Employee stock options, payout policy, and stock returns: shareholders and optionholders in large U.S. technology corporations
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Frankfurt am main
Peter Lang
©2012
|
| Schriftenreihe: | Polish studies in economics
v. 1 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Beschreibung: | Includes bibliographical references (pages 99-105) Cover; Contents; Preface; 1 Speculative Option-Repurchase Mechanism; 1.1 Equity financing and returns on equity; 1.2 Recent changes in payout and compensation policies; 1.3 Operations involving options on the firm's own stock; 1.4 Optionholders, long-term shareholders, speculativeinvestors; 1.5 Options, repurchases, shareholders and optionholdersin large U.S. technology firms; 1.5.1 Sample selection and data sources; 1.5.2 General characteristics; 1.5.3 Third-party option operations; 1.5.4 Timing of repurchases, option grants and exercises; 1.5.5 Shareholder and optionholder structure 1.5.6 Further information on the extent of option programs1.6 Simple option grant and exercise timing models; 1.7 Conclusions and further research questions; 2 Option Plans, Repurchases, and Stock Returns; 2.1 Introduction; 2.2 Literature review; 2.2.1 Theoretical ESO valuation models*; 2.2.2 Empirical papers on ESO valuation and share prices; 2.2.3 Cross-section studies of payout and stock returns; 2.3 Model formulation, variables description, andestimation methods; 2.4 Descriptive statistics and estimation results; 2.5 Discussion; 3 Employee Stock Options, Undervaluation, and Payout Policy 3.1 Introduction3.2 Previous research; 3.2.1 Payout policy; 3.2.2 ESO and payout policy; 3.3 Model design and empirical results; 3.3.1 Hypothesis development; 3.3.2 Model equations and estimation methods; 3.3.3 Model variables; 3.3.4 Descriptive statistics; 3.3.5 Estimation results; 3.4 Discussion; 4 Managerial Decisions and Payoffs to Optionholders and Shareholders; 4.1 Compensation contracts-theoretical and empiricalapproaches; 4.2 Employee stock options incentive measurement-somespecial problems; 4.3 Previous literature; 4.4 Research design and model formulation; 4.4.1 Hypotheses 4.4.2 Model equations and variables4.5 Main results; 4.6 Discussion; 5 Conclusions; 5.1 The evolving nature of the exchange-listed firm; 5.2 Main features and limitations of the research; 5.3 A perspective on the main findings; References |
| Beschreibung: | 1 Online-Ressource (105 pages) |
| ISBN: | 3653013836 9783653013832 3631630352 9783631630358 |
Internformat
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| 490 | 0 | |a Polish studies in economics |v v. 1 | |
| 500 | |a Includes bibliographical references (pages 99-105) | ||
| 500 | |a Cover; Contents; Preface; 1 Speculative Option-Repurchase Mechanism; 1.1 Equity financing and returns on equity; 1.2 Recent changes in payout and compensation policies; 1.3 Operations involving options on the firm's own stock; 1.4 Optionholders, long-term shareholders, speculativeinvestors; 1.5 Options, repurchases, shareholders and optionholdersin large U.S. technology firms; 1.5.1 Sample selection and data sources; 1.5.2 General characteristics; 1.5.3 Third-party option operations; 1.5.4 Timing of repurchases, option grants and exercises; 1.5.5 Shareholder and optionholder structure | ||
| 500 | |a 1.5.6 Further information on the extent of option programs1.6 Simple option grant and exercise timing models; 1.7 Conclusions and further research questions; 2 Option Plans, Repurchases, and Stock Returns; 2.1 Introduction; 2.2 Literature review; 2.2.1 Theoretical ESO valuation models*; 2.2.2 Empirical papers on ESO valuation and share prices; 2.2.3 Cross-section studies of payout and stock returns; 2.3 Model formulation, variables description, andestimation methods; 2.4 Descriptive statistics and estimation results; 2.5 Discussion; 3 Employee Stock Options, Undervaluation, and Payout Policy | ||
| 500 | |a 3.1 Introduction3.2 Previous research; 3.2.1 Payout policy; 3.2.2 ESO and payout policy; 3.3 Model design and empirical results; 3.3.1 Hypothesis development; 3.3.2 Model equations and estimation methods; 3.3.3 Model variables; 3.3.4 Descriptive statistics; 3.3.5 Estimation results; 3.4 Discussion; 4 Managerial Decisions and Payoffs to Optionholders and Shareholders; 4.1 Compensation contracts-theoretical and empiricalapproaches; 4.2 Employee stock options incentive measurement-somespecial problems; 4.3 Previous literature; 4.4 Research design and model formulation; 4.4.1 Hypotheses | ||
| 500 | |a 4.4.2 Model equations and variables4.5 Main results; 4.6 Discussion; 5 Conclusions; 5.1 The evolving nature of the exchange-listed firm; 5.2 Main features and limitations of the research; 5.3 A perspective on the main findings; References | ||
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| 650 | 7 | |a Employee stock options |2 fast | |
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Datensatz im Suchindex
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| author | Grabowski, Wojciech |
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| dewey-hundreds | 600 - Technology (Applied sciences) |
| dewey-ones | 658 - General management |
| dewey-raw | 658.15 |
| dewey-search | 658.15 |
| dewey-sort | 3658.15 |
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| discipline | Wirtschaftswissenschaften |
| format | Electronic eBook |
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| illustrated | Not Illustrated |
| indexdate | 2024-07-10T07:08:37Z |
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| spelling | Grabowski, Wojciech Verfasser aut Employee stock options, payout policy, and stock returns shareholders and optionholders in large U.S. technology corporations Wojciech Grabowski Frankfurt am main Peter Lang ©2012 1 Online-Ressource (105 pages) txt rdacontent c rdamedia cr rdacarrier Polish studies in economics v. 1 Includes bibliographical references (pages 99-105) Cover; Contents; Preface; 1 Speculative Option-Repurchase Mechanism; 1.1 Equity financing and returns on equity; 1.2 Recent changes in payout and compensation policies; 1.3 Operations involving options on the firm's own stock; 1.4 Optionholders, long-term shareholders, speculativeinvestors; 1.5 Options, repurchases, shareholders and optionholdersin large U.S. technology firms; 1.5.1 Sample selection and data sources; 1.5.2 General characteristics; 1.5.3 Third-party option operations; 1.5.4 Timing of repurchases, option grants and exercises; 1.5.5 Shareholder and optionholder structure 1.5.6 Further information on the extent of option programs1.6 Simple option grant and exercise timing models; 1.7 Conclusions and further research questions; 2 Option Plans, Repurchases, and Stock Returns; 2.1 Introduction; 2.2 Literature review; 2.2.1 Theoretical ESO valuation models*; 2.2.2 Empirical papers on ESO valuation and share prices; 2.2.3 Cross-section studies of payout and stock returns; 2.3 Model formulation, variables description, andestimation methods; 2.4 Descriptive statistics and estimation results; 2.5 Discussion; 3 Employee Stock Options, Undervaluation, and Payout Policy 3.1 Introduction3.2 Previous research; 3.2.1 Payout policy; 3.2.2 ESO and payout policy; 3.3 Model design and empirical results; 3.3.1 Hypothesis development; 3.3.2 Model equations and estimation methods; 3.3.3 Model variables; 3.3.4 Descriptive statistics; 3.3.5 Estimation results; 3.4 Discussion; 4 Managerial Decisions and Payoffs to Optionholders and Shareholders; 4.1 Compensation contracts-theoretical and empiricalapproaches; 4.2 Employee stock options incentive measurement-somespecial problems; 4.3 Previous literature; 4.4 Research design and model formulation; 4.4.1 Hypotheses 4.4.2 Model equations and variables4.5 Main results; 4.6 Discussion; 5 Conclusions; 5.1 The evolving nature of the exchange-listed firm; 5.2 Main features and limitations of the research; 5.3 A perspective on the main findings; References BUSINESS & ECONOMICS / Corporate Finance bisacsh BUSINESS & ECONOMICS / Finance bisacsh Corporations / Finance fast Employee stock options fast Wirtschaft Employee stock options United States Corporations United States Finance USA http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=542545 Aggregator Volltext |
| spellingShingle | Grabowski, Wojciech Employee stock options, payout policy, and stock returns shareholders and optionholders in large U.S. technology corporations BUSINESS & ECONOMICS / Corporate Finance bisacsh BUSINESS & ECONOMICS / Finance bisacsh Corporations / Finance fast Employee stock options fast Wirtschaft Employee stock options United States Corporations United States Finance |
| title | Employee stock options, payout policy, and stock returns shareholders and optionholders in large U.S. technology corporations |
| title_auth | Employee stock options, payout policy, and stock returns shareholders and optionholders in large U.S. technology corporations |
| title_exact_search | Employee stock options, payout policy, and stock returns shareholders and optionholders in large U.S. technology corporations |
| title_full | Employee stock options, payout policy, and stock returns shareholders and optionholders in large U.S. technology corporations Wojciech Grabowski |
| title_fullStr | Employee stock options, payout policy, and stock returns shareholders and optionholders in large U.S. technology corporations Wojciech Grabowski |
| title_full_unstemmed | Employee stock options, payout policy, and stock returns shareholders and optionholders in large U.S. technology corporations Wojciech Grabowski |
| title_short | Employee stock options, payout policy, and stock returns |
| title_sort | employee stock options payout policy and stock returns shareholders and optionholders in large u s technology corporations |
| title_sub | shareholders and optionholders in large U.S. technology corporations |
| topic | BUSINESS & ECONOMICS / Corporate Finance bisacsh BUSINESS & ECONOMICS / Finance bisacsh Corporations / Finance fast Employee stock options fast Wirtschaft Employee stock options United States Corporations United States Finance |
| topic_facet | BUSINESS & ECONOMICS / Corporate Finance BUSINESS & ECONOMICS / Finance Corporations / Finance Employee stock options Wirtschaft Employee stock options United States Corporations United States Finance USA |
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