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Stock Options for Undiversified Executives. (2000). Murphy, Kevin ; Hall, Brian J..
In: NBER Working Papers.
RePEc:nbr:nberwo:8052.

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Cited: 24

Citations received by this document

Cites: 13

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Cocites: 50

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  1. CEO compensation and banks’ risk-taking during pre and post financial crisis periods. (2017). Ali, Syed Zulfiqar ; Akbar, Saeed ; Liu, Jia ; Cao, Sichen.
    In: Research in International Business and Finance.
    RePEc:eee:riibaf:v:42:y:2017:i:c:p:1489-1503.

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  2. Managerial compensation. (2011). Renneboog, Luc ; Goergen, Marc.
    In: Journal of Corporate Finance.
    RePEc:eee:corfin:v:17:y:2011:i:4:p:1068-1077.

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  3. The Hybrid Option: A New Approach to Equity Compensation. (2009). Hodak, Marc .
    In: Journal of Applied Corporate Finance.
    RePEc:bla:jacrfn:v:21:y:2009:i:2:p:93-99.

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  4. Behavioral and Performance Consequences of U.S. Executive Equity Compensation and Ownership. (2008). Grams, Robert.
    In: Working Papers.
    RePEc:hrr:papers:0803.

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  5. Les normes comptables actuelles permettent-elles une comptabilisation des stock-options à leur juste valeur?. (2006). Desbrières, Philippe ; Desbrieres, Philippe.
    In: Working Papers CREGO.
    RePEc:dij:wpfarg:1061002.

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  6. Principal-Agents Contracts Under the Threat of Insurance. (2004). Weinschelbaum, Federico ; Tommasi, Mariano.
    In: Working Papers.
    RePEc:sad:wpaper:69.

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  7. Who Makes Acquisitions? CEO Overconfidence and the Markets Reaction. (2004). Malmendier, Ulrike ; Tate, Geoffrey .
    In: NBER Working Papers.
    RePEc:nbr:nberwo:10813.

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  8. Why Do Some Firms Give Stock Options to All Employees?: An Empirical Examination of Alternative Theories. (2004). Oyer, Paul.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:10222.

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  9. Compensating Employees Below the Executive Ranks: A Comparison of Options, Restricted Stock, and Cash. (2004). Oyer, Paul.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:10221.

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  10. Executive Compensation, Incentives, and Risk. (2004). Jenter, Dirk.
    In: Working papers.
    RePEc:mit:sloanp:7390.

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  11. Executive Compensation, Incentives, and Risk. (2004). Jenter, Dirk.
    In: Working papers.
    RePEc:mit:sloanp:5068.

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  12. Evaluating Incentive Options. (2004). Xiong, Wei ; Sircar, Ronnie.
    In: Econometric Society 2004 North American Winter Meetings.
    RePEc:ecm:nawm04:253.

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  13. The Subjective and Objective Evaluation of Incentive Stock Options. (2003). Ingersoll, Jonathan E..
    In: Yale School of Management Working Papers.
    RePEc:ysm:somwrk:ysm276.

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  14. On the valuation and incentive effects of executive cash bonus contracts. (2003). Martellini, Lionel ; Urosevic, Branko .
    In: Economics Working Papers.
    RePEc:upf:upfgen:784.

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  15. The State of U.S. Corporate Governance: Whats Right and Whats Wrong?. (2003). Kaplan, Steven ; Holmstrom, Bengt.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:9613.

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  16. The Mechanisms of Corporate Governance in the United States: an Assessment. (2003). Aldrighi, Dante.
    In: Revista Brasileira de Economia - RBE.
    RePEc:fgv:epgrbe:v:57:y:2003:i:3:a:847.

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  17. Managing Option Fragility. (2002). Hall, Brian J. ; Knox, Thomas A..
    In: NBER Working Papers.
    RePEc:nbr:nberwo:9059.

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  18. Paper millionaires: How valuable is stock to a stockholder who is restricted from selling it?. (2002). Longstaff, Francis ; LIU, JUN ; Kahl, Matthias .
    In: NBER Working Papers.
    RePEc:nbr:nberwo:8969.

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  19. Measuring Investment Distortions when Risk-Averse Managers Decide Whether to Undertake Risky Projects. (2002). Weisbach, Michael ; Poteshman, Allen M. ; Parrino, Robert.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:8763.

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  20. Who benefits from a bull market? an analysis of employee stock option grants and stock prices. (2001). Liang, Nellie ; Weisbenner, Scott .
    In: Finance and Economics Discussion Series.
    RePEc:fip:fedgfe:2001-57.

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  21. Linking pay to performance--compensation proposals in the S&P 500. (2001). Morgan, Angela ; Poulsen Annette B., .
    In: Journal of Financial Economics.
    RePEc:eee:jfinec:v:62:y:2001:i:3:p:489-523.

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  22. Paper Millionaires: How Valuable is Stock to a Stockholder Who is Restricted from Selling it?. (2001). LIU, JUN ; Longstaff, Francis A ; Kahl, Matthias .
    In: University of California at Los Angeles, Anderson Graduate School of Management.
    RePEc:cdl:anderf:qt8b3853z9.

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  23. Optimal Exercise Prices for Executive Stock Options. (2000). Murphy, Kevin ; Hall, Brian J..
    In: NBER Working Papers.
    RePEc:nbr:nberwo:7548.

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  24. Optimal Exercise Prices for Executive Stock Options. (2000). Murphy, Kevin ; Hall, Brian J..
    In: American Economic Review.
    RePEc:aea:aecrev:v:90:y:2000:i:2:p:209-214.

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References

References cited by this document

  1. Abowd, John M. and David S. Kaplan, Executive Compensation: Six Questions That Need Answering, Journal of Economic Perspectives , Volume 13, Number 4, Fall, 1999, 145-168.

  2. Aggarwal, Rajesh K. and Andrew A. Samwick (1999), The Other Side of the Tradeoff: The Impact of Risk on Executive Compensation, Journal of Political Economy, 107, 65- 105.

  3. Bertrand, Marianne and Sendhil Mullainathan, Do CEOs Set Their Own Pay? The Ones Without Principals Do, NBER working paper 7604, March 2000.

  4. Bettis, J. Carr, John M. Bizjak, and Michael L. Lemmon (1999) Insider Trading in Derivative Securities: An Empirical Examination of the Use of Zero-Cost Collars and Equity Swaps by Corporate Insiders. Arizona State University.
    Paper not yet in RePEc: Add citation now

  5. Black, F. and M. Scholes (1973), The Pricing of Options and Corporate Liabilities, Journal of Political Economy , 81, 637-59.

  6. Carpenter, Jennifer (1998), The Exercise and Valuation of Executive Stock Options, Journal of Financial Economics, 48(2): 127-158.

  7. Carpenter, Jennifer (1999), Does Option Compensation Increase Managerial Risk Appetite?, forthcoming in the Journal of Finance.

  8. Cox, John C., Steven R. Ross, and Mark Rubinstein (1979), Option Pricing: A Simplified Approach, Journal of Financial Economics , 7, 229-263.

  9. DeTemple, Jerome and Suresh Sundaresan (1999), Nontraded Asset Valuation with Portfolio Constraints: A Binomial Approach, The Review of Financial Studies , 12 (4), 835-872.

  10. Dial, Jay and Kevin. J. Murphy (1995), Incentives, Downsizing, and Value Creation at General Dynamics, Journal of Financial Economics , 37(3), 261-314.

  11. Grossman, Sanford J. and Oliver D. Hart, An Analysis of the Principle-Agent Problem, Econometrica, Vol. 51, No. 1, January, 1983, 7-45.

  12. Hall, Brian J. and Jeffrey B. Liebman (1998), Are CEOs Really Paid Like Bureaucrats? Quarterly Journal of Economics , 113, August, 653-691.

  13. Hall, Brian J. and Kevin J. Murphy (2000), Optimal Exercise Prices for Risk Averse Executives, American Economic Review , May, 209-214.
    Paper not yet in RePEc: Add citation now

Cocites

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  1. CEO Compensation: Agency Theory is Irrelevant but not the Neoclassical Game-Theoretic Framework. (2018). Batteau, Pierre ; Amar-Sabbah, Anne.
    In: Working Papers.
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  2. Family firm heterogeneity and CEO compensation in Continental Europe. (2018). Barontini, Roberto ; Bozzi, Stefano.
    In: Journal of Economics and Business.
    RePEc:eee:jebusi:v:97:y:2018:i:c:p:1-18.

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  3. Growth through rigidity: An explanation for the rise in CEO pay. (2017). Shue, Kelly ; Townsend, Richard R.
    In: Journal of Financial Economics.
    RePEc:eee:jfinec:v:123:y:2017:i:1:p:1-21.

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  4. Performance share plans: Valuation and empirical tests. (2017). Holden, Craig W ; Kim, Daniel S.
    In: Journal of Corporate Finance.
    RePEc:eee:corfin:v:44:y:2017:i:c:p:99-125.

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  5. Growth through Rigidity: An Explanation for the Rise in CEO Pay. (2016). Shue, Kelly ; Townsend, Richard .
    In: NBER Working Papers.
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  6. CEO Accountability for Corporate Fraud: Evidence from the Split Share Structure Reform in China. (2016). Hou, Wenxuan ; Cumming, Douglas ; Lee, Edward ; Chen, Jiandong.
    In: Journal of Business Ethics.
    RePEc:kap:jbuset:v:138:y:2016:i:4:d:10.1007_s10551-014-2467-2.

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  7. Relative peer quality and firm performance. (2016). HASAN, IFTEKHAR ; Francis, Bill ; Mani, Sureshbabu ; Ye, Pengfei .
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  8. Relative peer quality and firm performance. (2016). HASAN, IFTEKHAR ; Ye, Pengfei ; Mani, Sureshbabu ; Francis, Bill.
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  9. Wage premia for newly hired employees. (2014). Kampkötter, Patrick ; Sliwka, Dirk ; Kampkotter, Patrick.
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  10. Agency-based asset pricing. (2014). Huang, Lixin ; He, Ping ; Gorton, Gary B..
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  11. Does CEO pay dispersion matter in an emerging market? Evidence from Chinas listed firms. (2013). Hu, Fang ; Pan, Xiaofei ; Tian, Gary.
    In: Pacific-Basin Finance Journal.
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  12. Insider trading restrictions and top executive compensation. (2013). Denis, David J. ; Xu, Jin.
    In: Journal of Accounting and Economics.
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  13. “Company heroes” versus “superstars”: executive pay in Japan in comparative perspective. (2013). Franz, Waldenberger .
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  14. Agency Theory, Corporate Governance and Finance. (2012). Driver, Ciaran ; Bo, Hong.
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  15. Determinants of Compensation in the Financial Services Industry. (2012). Kampkötter, Patrick ; Kampkoetter, Patrick .
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  16. Differentiation and Performance: An Empirical Investigation on the Incentive Effects of Bonus Plans. (2011). Sliwka, Dirk ; Kampkötter, Patrick ; Kampkotter, Patrick.
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  17. Serial CEO incentives and the structure of managerial contracts. (2011). Giannetti, Mariassunta.
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  18. Is pay related to performance in The Netherlands? An analysis of Dutch executive compensation, 2002–2006. (2010). .
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  19. The Public Perception and Normative Valuation of Executive Compensation: An International Comparison. (2010). Kuhn, Andreas.
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  20. Reducing managers incentives to cannibalize: Managerial stock options when shareholders are diversified. (2010). Kraus, Alan ; Rubin, Amir .
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  48. Stock Options for Undiversified Executives. (2000). Murphy, Kevin ; Hall, Brian J..
    In: NBER Working Papers.
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