Why do firms adopt CEO stock options? Evidence from the United States

Tzioumis, Konstantinos

[journal article]

dc.contributor.author	Tzioumis, Konstantinos	de
dc.date.accessioned	2011-09-03T02:51:00Z	de
dc.date.accessioned	2012-08-30T07:10:07Z
dc.date.available	2012-08-30T07:10:07Z
dc.date.issued	2008	de
dc.identifier.uri	http://www.ssoar.info/ssoar/handle/document/26402
dc.description.abstract	This paper examines the determinants of stock option introduction as a part of CEO compensation in listed US firms during the 1994–2004 period. The results are consistent with agency costs and recruiting considerations, suggesting that firms do not adjust CEO compensation in order to address the 'investment horizon' problem. The findings also suggest that CEO stock option adoption is not necessarily influenced by the same factors that have been found in the literature to affect the level of CEO stock option compensation and the adoption of broad-based stock option incentives. Overall, the findings provide evidence for several theoretical predictions, thus adding to our understanding of managerial incentives.	en
dc.language	en	de
dc.subject.ddc	Wirtschaft	de
dc.subject.ddc	Economics	en
dc.subject.other	Stock options; CEO compensation; J33; M12; M52
dc.title	Why do firms adopt CEO stock options? Evidence from the United States	en
dc.description.review	begutachtet (peer reviewed)	de
dc.description.review	peer reviewed	en
dc.source.journal	Journal of Economic Behavior & Organization	de
dc.source.volume	68	de
dc.publisher.country	NLD
dc.source.issue	1	de
dc.subject.classoz	Human Resources Management	en
dc.subject.classoz	Personalwesen	de
dc.subject.classoz	Management Science	en
dc.subject.classoz	Management	de
dc.identifier.urn	urn:nbn:de:0168-ssoar-264026	de
dc.date.modified	2011-09-05T11:48:00Z	de
dc.rights.licence	PEER Licence Agreement (applicable only to documents from PEER project)	de
dc.rights.licence	PEER Licence Agreement (applicable only to documents from PEER project)	en
ssoar.gesis.collection	SOLIS;ADIS	de
ssoar.contributor.institution	http://www.peerproject.eu/	de
internal.status	3	de
dc.type.stock	article	de
dc.type.document	journal article	en
dc.type.document	Zeitschriftenartikel	de
dc.rights.copyright	f	de
dc.source.pageinfo	100-111
internal.identifier.classoz	1090401
internal.identifier.classoz	1090402
internal.identifier.journal	196	de
internal.identifier.document	32
internal.identifier.ddc	330
dc.identifier.doi	https://doi.org/10.1016/j.jebo.2007.06.008	de
dc.description.pubstatus	Postprint	en
dc.description.pubstatus	Postprint	de
internal.identifier.licence	7
internal.identifier.pubstatus	2
internal.identifier.review	1
internal.check.abstractlanguageharmonizer	CERTAIN
internal.check.languageharmonizer	CERTAIN_RETAINED

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