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Employee stock options pricing and the implication of restricted exercise price: evidence from Taiwan

  • Chia-Ying Chan

    ()

  • Ling-Chu Lee
  • Ming-Chun Wang
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    No abstract is available for this item.

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    File URL: http://hdl.handle.net/10.1007/s11156-010-0166-3
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    Article provided by Springer in its journal Review of Quantitative Finance and Accounting.

    Volume (Year): 34 (2010)
    Issue (Month): 2 (February)
    Pages: 247-271

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    Handle: RePEc:kap:rqfnac:v:34:y:2010:i:2:p:247-271
    Contact details of provider: Web page: http://springerlink.metapress.com/link.asp?id=102990

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    1. Rafael La Porta & Florencio Lopez-de-Silanes & Andrei Shleifer & Robert W. Vishny, 1998. "Law and Finance," Journal of Political Economy, University of Chicago Press, vol. 106(6), pages 1113-1155, December.
    2. Rafael La Porta & Florencio Lopez-de-Silanes & Andrei Shleifer, 1998. "Corporate Ownership Around the World," Harvard Institute of Economic Research Working Papers 1840, Harvard - Institute of Economic Research.
    3. Huddart, Steven & Lang, Mark, 1996. "Employee stock option exercises an empirical analysis," Journal of Accounting and Economics, Elsevier, vol. 21(1), pages 5-43, February.
    4. Elettra Agliardi & Rainer Andergassen, 2005. "Incentives of Stock Option Based Compensation," Review of Quantitative Finance and Accounting, Springer, vol. 25(1), pages 21-32, August.
    5. Brian J. Hall & Jeffrey B. Liebman, 1997. "Are CEOs Really Paid Like Bureaucrats?," NBER Working Papers 6213, National Bureau of Economic Research, Inc.
    6. Huddart, Steven, 1994. "Employee stock options," Journal of Accounting and Economics, Elsevier, vol. 18(2), pages 207-231, September.
    7. DeFusco, Richard A & Johnson, Robert R & Zorn, Thomas S, 1990. " The Effect of Executive Stock Option Plans on Stockholders and Bondholders," Journal of Finance, American Finance Association, vol. 45(2), pages 617-27, June.
    8. Tehranian, Hassan & Waegelein, James F., 1985. "Market reaction to short-term executive compensation plan adoption," Journal of Accounting and Economics, Elsevier, vol. 7(1-3), pages 131-144, April.
    9. Hemmer, Thomas & Matsunaga, Steve & Shevlin, Terry, 1996. "The influence of risk diversification on the early exercise of employee stock options by executive officers," Journal of Accounting and Economics, Elsevier, vol. 21(1), pages 45-68, February.
    10. Philip E. Berger & Eli Ofek & David Yermack, 1996. "Managerial Entrenchment and Capital Structure Decisions," New York University, Leonard N. Stern School Finance Department Working Paper Seires 96-14, New York University, Leonard N. Stern School of Business-.
    11. Swee-Sum Lam & Bey-Fen Chng, 2006. "Do executive stock option grants have value implications for firm performance?," Review of Quantitative Finance and Accounting, Springer, vol. 26(3), pages 249-274, May.
    12. Brown, Stephen J. & Warner, Jerold B., 1985. "Using daily stock returns : The case of event studies," Journal of Financial Economics, Elsevier, vol. 14(1), pages 3-31, March.
    13. Ding, David K. & Sun, Qian, 2001. "Causes and effects of employee stock option plans: Evidence from Singapore," Pacific-Basin Finance Journal, Elsevier, vol. 9(5), pages 563-599, November.
    14. Menachem Brenner & Rangarajan K. Sundaram & David Yermack, 1998. "Altering the Terms of Executive Stock Options," New York University, Leonard N. Stern School Finance Department Working Paper Seires 98-010, New York University, Leonard N. Stern School of Business-.
    15. Smith, Clifford Jr. & Watts, Ross L., 1992. "The investment opportunity set and corporate financing, dividend, and compensation policies," Journal of Financial Economics, Elsevier, vol. 32(3), pages 263-292, December.
    16. Seppo Ikaheimo & Anders Kjellman & Jan Holmberg & Sari Jussila, 2004. "Employee stock option plans and stock market reaction: evidence from Finland," The European Journal of Finance, Taylor & Francis Journals, vol. 10(2), pages 105-122.
    17. Jennifer J. Gaver & Kenneth M. Gaver, 1995. "Compensation Policy and the Investment Opportunity Set," Financial Management, Financial Management Association, vol. 24(1), Spring.
    18. Jensen, M.C. & Murphy, K.J., 1988. "Performance Pay And Top Management Incentives," Papers 88-04, Rochester, Business - Managerial Economics Research Center.
    19. Ronald Balvers & Yangru Wu & Erik Gilliland, 2000. "Mean Reversion across National Stock Markets and Parametric Contrarian Investment Strategies," Journal of Finance, American Finance Association, vol. 55(2), pages 745-772, 04.
    20. Eberhart, Allan C., 2005. "Employee stock options as warrants," Journal of Banking & Finance, Elsevier, vol. 29(10), pages 2409-2433, October.
    21. Preeti Choudhary & Shivaram Rajgopal & Mohan Venkatachalam, 2009. "Accelerated Vesting of Employee Stock Options in Anticipation of FAS 123-R," Journal of Accounting Research, Wiley Blackwell, vol. 47(1), pages 105-146, 03.
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