Employee stock options and market efficiency

This study investigates market reaction to SFAS 123 Revised, `Share Based Payment,' which requires companies to recognize the fair value of employee stock options as expense on the income statement. Using a sample of 128 firms for the 2004 and 2005 periods, we find that markets have efficiently...

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Veröffentlicht in:	Journal of applied business research 2007-01, Vol.23 (2), p.1-6
Hauptverfasser:	Laux, Judy A, N'Dir, Abdou
Format:	Artikel
Sprache:	eng
Schlagworte:	Business studies Employees Financial incentives Financial information Market analysis News Options on stocks Stock exchange U.S.A
Online-Zugang:	Volltext
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