Selecting suitable compensation plans of executive stock options

References

• Akhigbe , A , Madura , J and Tucker , AL . 1996 . Market-controlled stock options: a new approach to executive compensation . Journal of Applied Corporate Finance , 9 : 93 – 7 .
   Google Scholar
• Anderson , MC , Banker , RD and Ravindran , S . 2000 . Executive compensation in the information technology industry . Management Science , 46 : 530 – 47 .
   Web of Science ®Google Scholar
• Black , F and Scholes , M . 1973 . The pricing of options and corporate liabilities . Journal of Political Economy , 81 : 637 – 59 .
   Web of Science ®Google Scholar
• Brenner , M , Sundaram , RK and Yermack , D . 2000 . Altering the terms of executive stock options . Journal of Financial Economics , 57 : 103 – 28 .
   Web of Science ®Google Scholar
• Callaghan , SR , Saly , PJ and Subramaniam , C . 2004 . The timing of option repricing . Journal of Finance , 59 : 1651 – 76 .
   Google Scholar
• Carpenter , JN . 2000 . Does option compensation increase managerial risk appetite? . Journal of Finance , 55 : 2311 – 31 .
   Web of Science ®Google Scholar
• Coady , DP and Wang , L . 2000 . Incentives, allocation and labour-market reforms during transition: the case of urban China, 1986–1990 . Applied Economics , 32 : 511 – 26 .
   Web of Science ®Google Scholar
• Conyon , MJ , Peck , SI , Read , LE and Sadler , GV . 2000 . The structure of executive compensation contracts: UK Evidence . Long Range Planning , 33 : 478 – 503 .
   Web of Science ®Google Scholar
• Cowling , M . 2002 . The extent and determination of performance related pay systems in Scandinavian countries . Applied Economics , 34 : 305 – 16 .
   Web of Science ®Google Scholar
• Defusco , RA , Johnson , RR and Zorn , TS . 1990 . The effect of executive stock option plans on stockholders and bondholders . Journal of Finance , 45 : 617 – 27 .
   Web of Science ®Google Scholar
• Drago , R . 1991 . Incentives, pay, and performance: a study of Australian employees . Applied Economics , 23 : 1433 – 46 .
   Web of Science ®Google Scholar
• Duan , JC and Wei , J . 2003 . Indexing executive stock options relatively . 2003 . Working Paper , University of Toronto .
   Google Scholar
• Duan , JC and Wei , J . 2005 . Executive stock options and incentive effects due to systematic risk . Journal of Banking and Finance , 29 : 1185 – 211 .
   Web of Science ®Google Scholar
• Eisenmann , TR . 2002 . The effects of CEO equity ownership and firm diversification on risk taking . Strategic Management Journal , 23 : 513 – 34 .
   Web of Science ®Google Scholar
• Gibbs , M , Merchant , KA , Stede , WA and Vargus , ME . 2004 . Determinants and effects of subjectivity in incentives . Accounting Review , 79 : 409 – 36 .
   Web of Science ®Google Scholar
• Hall , BJ and Murphy , KF . 2001 . Stock options for undiversified executives . 2001 . Working Paper , Harvard Business School and University of Southern California .
   Google Scholar
• Hanlon , M , Rajgopal , S and Shevlin , T . 2003 . Are executive stock options associated with future earnings? . Journal of Accounting & Economics , 36 : 3 – 43 .
   Web of Science ®Google Scholar
• Jensen , M and Meckling , W . 1976 . Theory of the firm: managerial behavior, agency costs and ownership structure . Journal of Financial Economics , 3 : 305 – 60 .
   Web of Science ®Google Scholar
• Johnson , SA and Tian , YS . 2000a . The value and incentive effects of nontraditional executive stock option plans . Journal of Financial Economics , 57 : 3 – 34 .
   Web of Science ®Google Scholar
• Johnson , SA and Tian , YS . 2000b . Indexed executive stock options . Journal of Financial Economics , 57 : 35 – 64 .
   Web of Science ®Google Scholar
• Merton , RC . 1973 . The theory of rational option pricing . Bell Journal of Economics and Management Science , 4 : 141 – 83 .
   Google Scholar
• Meulbroek , LK . 2001 . The efficiency of equity-linked compensation: understanding the full cost of awarding executive stock options . Financial Management , 30 : 5 – 30 .
   Web of Science ®Google Scholar
• Peters , BL . 2004 . Is there a wage bonus from drinking? Unobserved heterogeneity examined . Applied Economics , 36 : 2299 – 315 .
   Web of Science ®Google Scholar
• Rajgopal , S and Shevlin , T . 2002 . Empirical evidence on the relation between stock option compensation and risk taking . Journal of Accounting & Economics , 33 : 145 – 71 .
   Web of Science ®Google Scholar
• Tian , YS . 2004 . Too much of a good incentive? The case of executive stock options . Journal of Banking and Finance , 28 : 1225 – 45 .
   Google Scholar
• Veld , C . 2003 . Analysis of a practical formula for the valuation of employee stock options . Applied Economics Letters , 10 : 205 – 8 .
   Web of Science ®Google Scholar
• Yang , YL . 1994 . Profit sharing and standard setting in production and procurement management . Applied Economics , 36 : 95 – 105 .
   Google Scholar
• Yao , S . 1995 . Does profit-sharing work in a centrally-planned economy? Evidence from the Chinese state industries . Applied Economics Letters , 2 : 126 – 29 .
   Web of Science ®Google Scholar