Stock Price Reactions to the Repricing of Employee Stock Options

We study whether the repricing of employee stock options is in the best interests of common shareholders by examining the excess stock returns associated with timely, noncontamin‐ated repricing announcements made by Canadian firms. On the basis of three theories of why firms reprice, we develop comp...

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Veröffentlicht in:	Contemporary accounting research 2005, Vol.22 (4), p.791-828
Hauptverfasser:	Grein, Barbara M., Hand, John R. M., Klassen, Kenneth J.
Format:	Artikel
Sprache:	eng
Schlagworte:	Accounting Canada Canadian companies Employee retention Employee stock purchase plans Employees Enterprises Forecasting Options on stocks Rates of return Repricing Stock options Stock prices Stockholders Studies
Online-Zugang:	Volltext
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