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Type: Journal article
Title: Executive stock options: Preliminary Australian evidence of shareholder wealth effects of pre-effort contracting
Author: Canil, J.
Rosser, B.
Citation: Corporate Ownership and Control, 2005; 2(3):94-105
Publisher: Virtus Interpress
Issue Date: 2005
ISSN: 1727-9232
Abstract: The article discusses key issues related to Executive Stock Option Plans (ESOPs). In the United States, stock option award announcements usually coincide with other major announcements, particularly those relating to annual financial reports. In Australia, as in the United States, ESOPs grant discretion to a company's executive compensation committee concerning the timing of an award and sometimes the exercise or strike price. In a majority of cases the strike price is determined by reference to a formula specified in the ESOP. Typically, the strike price is set at the average closing stock price over a period of three to five days immediately preceding the award date, generating small award premiums or discounts relative to the closing stock price on the award date.
Description: © EBSCO Industries, Inc.
DOI: 10.22495/cocv2i3p10
Appears in Collections:Aurora harvest 2
Business School publications

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