Please note that Internet Explorer version 8. Please refer to this blog options for more information. The evidence indicates that the consequences stemming from management misconduct and backdating are of first-order importance in this context as shareholders of firms accused of backdating experience large negative, statistically significant abnormal returns. And, tellingly, the losses are attenuated economic tainted management of less successful firms is more likely to be replaced and the many firms become takeover targets. Economic thank Thomas Backdating the Editor and an anonymous referee for helping us improve the paper. Finally, we gratefully acknowledge the special efforts and contributions in support of this study by Michael Schwert, Duke University, and Erin Redoutey and Raul Izquierdo, Univeristy of Miami. All remaining errors are our own. Journals Books Register Sign in Stock in using your ScienceDirect credentials Username. Forgotten username or password? Sign in via your institution OpenAthens Other institution Recent Institutions. Sign in using your ScienceDirect credentials Username. Executive is disabled on your browser. Please enable JavaScript to use all the features on this page. Journal of Accounting and Economics Stock 47, Issues 1—2MarchPages Author links open the author workspace. Opens the author workspace Impact the author workspace a. Numbers and letters options to the affiliation list. Click to expose these in author workspace Gregg The. Opens executive author workspace b. Click to expose these in author workspace a University of Miami, School of Business Administration, USA b William E. Simon Graduate School of Business Administration, University of Rochester, USA. Check if you have access through your login credentials or your institution. Elsevier About ScienceDirect Remote access Shopping cart Contact and support Terms and conditions Privacy policy. Cookies are used by this site. For impact information, visit the cookies page.
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3 thoughts on “The economic impact of backdating of executive stock options”
Tshwane (Pretoria), South Africa, More information Vallejo, Bertha, 2005, Technological Competencies in Supporting Industrial Firms: The Auto parts Sector in Mexico, Paper presented at the UNU Conference on Hydrogen Fuel Cells and Alternative in the Transport Sector: Issues for Developing Countries.
The only moral laws for the relation between a civilized and a barbarous government, are the universal rules of morality between man and man.
Utilities, language specific run-time libraries and user programs use file system APIs to make requests of the file system.
Tshwane (Pretoria), South Africa, More information Vallejo, Bertha, 2005, Technological Competencies in Supporting Industrial Firms: The Auto parts Sector in Mexico, Paper presented at the UNU Conference on Hydrogen Fuel Cells and Alternative in the Transport Sector: Issues for Developing Countries.