We study changes in CEO stock option grants. Unlike most of the literature, we focus on the number rather than the value of options granted. We first provide a

Extant studies provide two additional explanations other than backdating for the abnormal stock returns around CEO option grants - timing of option grants and t

Detailed data about stock option contracts are used to measure and analyze the pay to performance incentives of executive stock options. Two main issues are add

Abstract: In 2003, both the New York Stock Exchange and NASDAQ enacted changes to the requirements regarding listed companies and their Board of Directors compo

The significance of stock options as a component of executive compensation has fluctuated dramatically over the past decade. The purpose of this study is to inv