Equity Vesting and Investment

This paper links the CEO's concerns for the current stock price to reductions in real investment. We identify short-term concerns using the amount of stock and options scheduled to vest in a given quarter. Vesting equity is associated with a decline in the growth of research and development and...

Ausführliche Beschreibung

Bibliographische Detailangaben

Veröffentlicht in:	The Review of financial studies 2017-07, Vol.30 (7), p.2229-2271
Hauptverfasser:	Edmans, Alex, Fang, Vivian W., Lewellen, Katharina A.
Format:	Artikel
Sprache:	eng
Schlagworte:	Capital expenditures Chief executive officers Chief executives Earnings Equity Grants Incentives Investments R&D Research & development Stock options Stock prices
Online-Zugang:	Volltext
Tags:	Tag hinzufügen Keine Tags, Fügen Sie den ersten Tag hinzu!