Employee stock options, payout policy, and stock returns: shareholders and optionholders in large U.S. technology corporations
In: Polish studies in economics 1
In: Polish studies in economics v. 1
The book investigates empirically mechanisms behind the recent widespread use of employee stock options and share repurchases in corporate financial management. Exploring through econometric models a sample of large U.S. technology corporations in the period between 1997 and 2005, it documents complex links between stock option plans, payout policy and other key financial characteristics of these firms. The models highlight the interplay between the interests of long-term shareholders, optionholders and speculative investors and provide estimates of joint effects of option dynamics and repurch
In: Polish studies in economics 1
Problem melden