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Stock option vesting conditions, CEO turnover, and myopic investment

Citations

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Cited by:

  1. Xuelian Zuo & Shiwen Luo & David Yoon Kin Tong, 2025. "Executive Compensation Structure, Economic Cycle, and R&D Investment," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 16(2), pages 8394-8419, June.
  2. Haiquan Wu & Wenli Liao & Zhifang Zhou & Yi Li, 2021. "Can Financial Constraints and Regulatory Distance Reduce Corporate Environmental Irresponsibility?," Sustainability, MDPI, vol. 13(23), pages 1-25, November.
  3. Lel, Ugur & Tepe, Mete, 2021. "Investor horizon and managerial short-termism," The Quarterly Review of Economics and Finance, Elsevier, vol. 80(C), pages 1-20.
  4. Xin Qu & Majella Percy & Fang Hu & Jenny Stewart, 2022. "Can CEO equity‐based compensation limit investment‐related agency problems?," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 62(2), pages 2579-2614, June.
  5. Gao, Yuan & Cheng, Xiaoke & Zhang, Wenyu & Shen, Haomin, 2024. "Individual investors’ dividend taxes and managerial myopia," Finance Research Letters, Elsevier, vol. 62(PB).
  6. Bailey, Warren B. & Cao, Xiaping & Yang, Zhenyi & Zhou, Sili, 2024. "Who leads and who follows? The cross-border peer effect in investment by Chinese and US firms," Journal of International Economics, Elsevier, vol. 147(C).
  7. Alex Edmans & Vivian W. Fang & Katharina A. Lewellen, 2013. "Equity Vesting and Managerial Myopia," NBER Working Papers 19407, National Bureau of Economic Research, Inc.
  8. Zeng, Yongliang & Zhao, Xiangfang & Zhu, Yiwen, 2023. "Equity incentives and ESG performance: Evidence from China," Finance Research Letters, Elsevier, vol. 58(PC).
  9. Alexandra Lilge & Abhishek Ramchandani, 2024. "To tell or not to tell: the incentive effects of disclosing employer assessments," Review of Accounting Studies, Springer, vol. 29(3), pages 2832-2870, September.
  10. Zona, Fabio, 2016. "Agency models in different stages of CEO tenure: The effects of stock options and board independence on R&D investment," Research Policy, Elsevier, vol. 45(2), pages 560-575.
  11. Chen Li & Caiyu Yan & Juan Li & Chuanwen Xia & Yigui Xiao & Ling Zheng, 2024. "Multiple large shareholders, agency problem, and firm innovation," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 45(2), pages 734-747, March.
  12. Huang, Hengxuan & Liu, Suyi & Gong, Yuan & Yan, Zehao & Ge, Zhixiang, 2025. "Export control and earnings management: Evidence from China," International Review of Financial Analysis, Elsevier, vol. 104(PB).
  13. Yiqing Tan, 2021. "Industry tournament incentives and audit fees," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 48(3-4), pages 587-612, March.
  14. Rose, Caspar, 2016. "Firm performance and comply or explain disclosure in corporate governance," European Management Journal, Elsevier, vol. 34(3), pages 202-222.
  15. Meg Adachi-Sato, 2015. "Insular Decision Making in the Board Room: Why Boards Retain and Hire Substandard CEOs," Manchester School, University of Manchester, vol. 83(2), pages 183-216, March.
  16. Corum, Adrian Aycan, 2021. "Fighting Fire with Fire: Optimality of Value Destruction to Mitigate Short-Termism," OSF Preprints xhwmg, Center for Open Science.
  17. Adachi-Sato, Meg, 2024. "Socially responsible investment: Ex-ante contracting or ex-post bargaining?," International Review of Economics & Finance, Elsevier, vol. 94(C).
  18. Brian D. Cadman & Tjomme O. Rusticus & Jayanthi Sunder, 2013. "Stock option grant vesting terms: economic and financial reporting determinants," Review of Accounting Studies, Springer, vol. 18(4), pages 1159-1190, December.
  19. Shawn X. Huang & Sami Keskek & Juan Manuel Sanchez, 2022. "Investor Sentiment and Stock Option Vesting Terms," Management Science, INFORMS, vol. 68(1), pages 773-795, January.
  20. Wenzhou Li & Liang Chen & Pengfei Sheng, 2022. "The tone from above: Does tunnelling by ultimate owners impinge on the relations between managerial compensation and earnings management?," Australian Economic Papers, Wiley Blackwell, vol. 61(4), pages 825-847, December.
  21. Xiong, Yan & Jiang, Xu, 2022. "Economic consequences of managerial compensation contract disclosure," Journal of Accounting and Economics, Elsevier, vol. 73(2).
  22. Alex Edmans & Xavier Gabaix, 2016. "Executive Compensation: A Modern Primer," Journal of Economic Literature, American Economic Association, vol. 54(4), pages 1232-1287, December.
  23. Meg Adachi‐Sato, 2018. "Stock vesting conditions, control benefits and managerial replacement," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 51(1), pages 275-313, February.
  24. Anindita Chakravarty, 2023. "Review of Marketing Relevant Real Activity Manipulation," Customer Needs and Solutions, Springer;Institute for Sustainable Innovation and Growth (iSIG), vol. 10(1), pages 1-16, December.
  25. Egger, Peter & Radulescu, Doina, 2014. "A test of the Bolton–Scheinkman–Xiong hypothesis of how speculation affects the vesting time of options granted to directors," Journal of Corporate Finance, Elsevier, vol. 29(C), pages 511-519.
  26. Yoon, Dae-Hee, 2018. "Strategic delegation, stock options, and investment hold-up problems," Accounting, Organizations and Society, Elsevier, vol. 71(C), pages 1-14.
  27. Meg Adachi-Sato, 2010. "Insular Decision Making in the Board Room: Why Boards Retain and Hire Substandard CEOs," CIRJE F-Series CIRJE-F-710, CIRJE, Faculty of Economics, University of Tokyo.
  28. Caspar Rose, 2017. "The relationship between corporate governance characteristics and credit risk exposure in banks: implications for financial regulation," European Journal of Law and Economics, Springer, vol. 43(1), pages 167-194, February.
  29. Meg Adachi-Sato, 2021. "Socially Responsible Investment: Ex-ante Contracting or Ex-post Bargaining?," Discussion Paper Series DP2021-20, Research Institute for Economics & Business Administration, Kobe University, revised Feb 2023.
  30. Huang, Minjie & Kubick, Thomas R. & Tseng, Kevin, 2021. "Technology spillovers and the duration of executive compensation," Journal of Banking & Finance, Elsevier, vol. 131(C).
  31. Alex Edmans & Vivian W. Fang & Allen H. Huang, 2022. "The Long‐Term Consequences of Short‐Term Incentives," Journal of Accounting Research, John Wiley & Sons, Ltd., vol. 60(3), pages 1007-1046, June.
  32. Merz, Alexander, 2017. "What have we learned from SFAS 123r and IFRS 2? A review of existing evidence and future research suggestions," Journal of Accounting Literature, Elsevier, vol. 38(C), pages 14-33.
  33. Martijn Cremers & Ankur Pareek & Zacharias Sautner, 2020. "Short-Term Investors, Long-Term Investments, and Firm Value: Evidence from Russell 2000 Index Inclusions," Management Science, INFORMS, vol. 66(10), pages 4535-4551, October.
  34. Michael Hilmer, 2014. "Bailouts, Bonuses and Bankers' Short-Termism," Working Papers tax-mpg-rps-2014-17, Max Planck Institute for Tax Law and Public Finance.
  35. repec:osf:osfxxx:xhwmg_v1 is not listed on IDEAS
  36. Baranchuk, Nina & Kieschnick, Robert & Moussawi, Rabih, 2014. "Motivating innovation in newly public firms," Journal of Financial Economics, Elsevier, vol. 111(3), pages 578-588.
  37. Hori, Keiichi & Osano, Hiroshi, 2020. "Dynamic contract and discretionary termination policy under loss aversion," Journal of Economic Dynamics and Control, Elsevier, vol. 111(C).
  38. Zhang, Ping & Wang, Yiru & Gao, Jieying, 2023. "Going public and innovation: Evidence from the ChiNext stock market," Economic Analysis and Policy, Elsevier, vol. 80(C), pages 586-613.
  39. Inderst, Roman & Hoffmann, Florian & Opp, Marcus, 2014. "Regulating Deferred Incentive Pay," CEPR Discussion Papers 9877, C.E.P.R. Discussion Papers.
  40. Zihao Ma & Shuaishuai Zhang & Xiao Li & Jiahong Guo & Lidan Yang & Shixiong Cao, 2025. "Can the new model of shared property rights promote better corporate financial performance in China?," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 11(1), pages 1-20, December.
  41. Meg Adachi-Sato, 2013. "Incentive Pay that Causes Inefficient Managerial Replacement ," CIRJE F-Series CIRJE-F-890, CIRJE, Faculty of Economics, University of Tokyo.
  42. Biggerstaff, Lee & Blank, Brian & Goldie, Brad, 2019. "Do incentives work? Option-based compensation and corporate innovation," Journal of Corporate Finance, Elsevier, vol. 58(C), pages 415-430.
  43. Fei Wu & Jing Yu & Yujie Zhao & Donghua Zhou, 2022. "Interim CEO and corporate long‐term investment: evidence from China," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 62(1), pages 369-415, March.
  44. John Thanassoulis, 2013. "Industry Structure, Executive Pay, and Short-Termism," Management Science, INFORMS, vol. 59(2), pages 402-419, June.
  45. Fu, Xiaoxia & Wang, Shanshan & Jia, Jia, 2024. "Equity incentives and dynamic adjustments to corporate financialization: Evidence from Chinese A-share listed companies," International Review of Economics & Finance, Elsevier, vol. 92(C), pages 948-966.
  46. Ho, Po-Hsin & Huang, Chia-Wei & Lin, Chih-Yung & Yen, Ju-Fang, 2024. "Risk culture in corporate innovation," International Review of Financial Analysis, Elsevier, vol. 91(C).
  47. Wei Shan & Ran An, 2018. "Motives of Stock Option Incentive Design, Ownership, and Inefficient Investment," Sustainability, MDPI, vol. 10(10), pages 1-19, September.
  48. Bill B. Francis & Iftekhar Hasan & Zenu Sharma & Maya Waisman, 2019. "Motivating high‐impact innovation: Evidence from managerial compensation contracts," Financial Markets, Institutions & Instruments, John Wiley & Sons, vol. 28(3), pages 291-318, August.
  49. He, Qiyang & Qiu, Buhui, 2025. "Environmental enforcement actions and corporate green innovation," Journal of Corporate Finance, Elsevier, vol. 91(C).
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