Sökning: "CEO stock option wealth"

Hittade 3 uppsatser innehållade orden CEO stock option wealth.

  1. 1. CEO stock option wealth and strategic risk-taking: a behavioural agency perspective

    D-uppsats, Handelshögskolan i Stockholm/Institutionen för redovisning och finansiering

    Författare :Mengjue Tan; Yunge Liu; [2020]
    Nyckelord :CEO stock option wealth; Behavioural agency model; Managerial strategic risk-taking; Bankruptcy likelihood;

    Sammanfattning : This study builds on the behavioural agency model to investigate the relationship between CEO stock option wealth and managerial strategic risk taking. This study reveals that stock options may both positively and negatively influence CEO's strategic risk taking, depending on whether they are exercisable or unexercisable, and depending on how much the accumulated cash value and prospective value is. LÄS MER

  3. 2. CEO Incentives and firm risk: in the context of cross-listing

    Magister-uppsats, Lunds universitet/Företagsekonomiska institutionen

    Författare :William Lennartsson; Harley Ljungdahl; [2019]
    Nyckelord :CEO compensation; CEO incentives; Stock options; Firm risk; Black-Scholes; Delta; Vega; Agency Theory; Business and Economics;

    Sammanfattning : This research aims to investigate the relation of CEO compensation, especially how the sensitivity of CEO wealth to stock return volatility (vega), but also how the sensitivity of CEO wealth to stock price (delta) affects the risk of the firm. Moreover, these relations are investigated in the context of cross-listing to examine whether there are differences between US-only listed firms and those that are dual listed. LÄS MER

  4. 3. Do CEO stock options induce risk-taking? - A study on Swedish companies

    C-uppsats, Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Författare :Fanny Bsenko; Simon Karlsson; [2015]
    Nyckelord :CEO stock options; Equity risk; Stock volatility; Debt-to-equity ratio; Dividend per share;

    Sammanfattning : The use of option-based compensation is a common measure to mitigate agency problems. However, due to the convex payoff structure of an option, concerns have been raised that managers may be induced to take on excessive risk. This paper explores the relationship between CEO option grants and risk-taking in Swedish companies. LÄS MER