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The effect of option granting on executive stock purchases


Reference:

Grout, P. A. and Zalewska, A., 2012. The effect of option granting on executive stock purchases. Economics Letters, 114 (1), pp. 12-15.

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Official URL:

http://dx.doi.org/10.1016/j.econlet.2011.08.017

Abstract

We provide a simple asymmetric information model showing that, in contrast to portfolio diversification arguments, there is a natural complementarity between executive options and stock ownership. Moreover, managers can be made worse off by being granted more executive options.

Details

Item Type Articles
CreatorsGrout, P. A.and Zalewska, A.
DOI10.1016/j.econlet.2011.08.017
DepartmentsSchool of Management
RefereedYes
StatusPublished
ID Code29124

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