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Beschreibung
Are managers more inclined to split their shares if they stand to personally benefit from them? The greater the variable compensation in the remuneration package, i.e., the more a compensation package represents a ¿call¿ option on the stock; the more inclined CEOs are to split the firms'' shares. Accompanied by the increase in stock price and volatility subsequent to a stock split, CEOs can increase the value of their option packages by splitting the firm''s shares as it sends a credible signal to the market. By focusing on stock option exercise behaviour of CEOs I provide initial evidence that executives use the stock split to time option exercises.
Are managers more inclined to split their shares if they stand to personally benefit from it?
Details
| Verlag | LAP LAMBERT Academic Publishing |
| Ersterscheinung | 10. Februar 2011 |
| Maße | 22 cm x 15 cm x 0.4 cm |
| Gewicht | 102 Gramm |
| Format | Softcover |
| ISBN-13 | 9783844305197 |
| Seiten | 56 |