政大機構典藏-National Chengchi University Institutional Repository(NCCUR):Item 140.119/78209

English | 正體中文 | 简体中文 | Post-Print筆數 : 27 | Items with full text/Total items : 113303/144284 (79%)
Visitors : 50803376 Online Users : 463

RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.

Home ‧ Login ‧ Upload ‧ Help ‧ About ‧ Administer

政大機構典藏 > 商學院 > 金融學系 > 期刊論文 > Item 140.119/78209

Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/78209

Title:	What drives the dating game of executive options exercise? Evidence from Taiwan
Authors:	Wu, Ming-Cheng;Fung, Hung-Gay;Huang, Yi-Ting 黃怡婷
Contributors:	金融系
Keywords:	Backdating;C12;C35;Exercise date;G32;Stock options
Date:	2012-06
Issue Date:	2015-09-02 17:05:55 (UTC+8)
Abstract:	Examining Taiwanese firms from 2002 to 2008, this paper investigates the motivations behind backdating the exercising of executive stock options. The probability of suspect exercises (backdating) is positively related to the firm`s stock return, the value of the option, tax savings, institutional ownership and the extent of CEO equity ownership and negatively related to firm-specific risk and the use of Big Four accounting firms. Tax incentives motivate executives to backdate the exercise date, implying that the greater the potential for larger tax savings, the greater the likelihood of backdating. Backdating usually occurs in firms that have heavy ownership by the CEO, have more claims to executive stock options and are not family-run, confirming the presence of the agency cost problem.
Relation:	Accounting & Finance, 52(2), 605-625
Data Type:	article
DOI 連結:	http://dx.doi.org/10.1111/j.1467-629X.2011.00406.x
DOI:	10.1111/j.1467-629X.2011.00406.x
Appears in Collections:	[金融學系] 期刊論文

Files in This Item:

File	Description	Size	Format
605-625.pdf		247Kb	Adobe PDF2	702	View/Open

社群 sharing

著作權政策宣告 Copyright Announcement

1.本網站之數位內容為國立政治大學所收錄之機構典藏，無償提供學術研究與公眾教育等公益性使用，惟仍請適度，合理使用本網站之內容，以尊重著作權人之權益。商業上之利用，則請先取得著作權人之授權。
The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

2.本網站之製作，已盡力防止侵害著作權人之權益，如仍發現本網站之數位內容有侵害著作權人權益情事者，請權利人通知本網站維護人員(nccur@nccu.edu.tw)，維護人員將立即採取移除該數位著作等補救措施。
NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.

Loading...