The Preliminary Research of Stock Option Incentive and Good Power Price to Senior Executives of the Listed Companies in China

2013 ◽  
pp. 611-621
Author(s):  
Hao Zhou
Keyword(s):  
Listed Companies ◽  
Stock Option ◽  
Senior Executives ◽  
Preliminary Research ◽  
Stock Option Incentive

A Study on the Stock Option in Chinese Listed Companies

2015 ◽  
Vol 12 (3) ◽  
pp. 443-463
Author(s):  
류란 ◽  
ChunSooKim
Keyword(s):  
Listed Companies ◽  
Stock Option ◽  
Chinese Listed Companies

The Effect of Shareholder Rights and Information Asymmetry on Stock-Option-Related Repurchase Activity

2018 ◽  
Vol 21 (02) ◽  
pp. 1850013
Author(s):  
Joanna Golden
Keyword(s):  
Information Asymmetry ◽  
Stock Option ◽  
Shareholder Wealth ◽  
Stock Repurchases ◽  
Shareholder Rights ◽  
Executive Stock Option ◽  
Comprehensive Picture ◽  
Stock Option Incentive

As stock-option holdings increase, managers alter their firms’ payout composition, choosing stock repurchases rather than dividends to return cash to shareholders. Prior research presents two competing explanations for this behavior: the flexibility hypothesis and the shareholder power hypothesis. In support of the flexibility hypothesis, I document that this executive stock-option incentive to repurchase stock as a substitute for dividends is stronger when firms have weak shareholder rights and when information asymmetry is severe. In addition, I find that option-induced repurchases are associated with lower shareholder wealth when shareholder rights are weak or when information asymmetry is high. These firms also perform worse in the following year but show higher total payouts to shareholders. Overall, this paper provides a comprehensive picture of managers’ option-driven repurchase behavior.

scholarly journals Influential Factors Of Executives Equity-Based Revenue In Chinese-Listed Companies

2013 ◽  
Vol 29 (2) ◽  
pp. 379-390
Author(s):  
Lei Li ◽  
Pierre-Yves Sanseau
Keyword(s):  
Economic Reform ◽  
Business Performance ◽  
Listed Companies ◽  
Stock Option ◽  
Influential Factors ◽  
Influential Factor ◽  
Corporate Size ◽  
Chinese Listed Companies ◽  
Corporate System ◽  
Equity Incentive

In the Chinese context of economic reform and restructuring to establish the modern corporate system, new models of executives equity-based revenue are tested. Stock option income is currently becoming a critical part in the whole package offering to the executives. In this research, we examine the influential factors of executives equity-based revenue in 127 Chinese-listed companies. It appears that business performance is positively related to executives equity-based compensation, that there is no significant correlation between executives equity-based compensation and corporate size, that industry is an influential factor of executives equity-based compensation, and that there is no significant correlation between executives equity-based compensation and tenure. Based on these findings, we suggest future improvements to establish a healthier equity incentive system in China.

scholarly journals Senior executives’ perspectives of integrated reporting regulatory regimes as a mechanism for advancing sustainability in South African listed companies

2019 ◽  
Vol 18 (3) ◽  
pp. 142-174 ◽  
Author(s):  
M Steyn
Keyword(s):  
Decision Making ◽  
South African ◽  
Listed Companies ◽  
Strategic Decision ◽  
Chief Financial Officers ◽  
Senior Executives ◽  
Integrated Reporting ◽  
Strategic Objectives ◽  
Reporting Requirements ◽  
Environmental Objectives

South African listed companies are among the first in the world to be subject to compliance with integrated reporting requirements in terms of stock exchange listing requirements. Integrated reporting, as a novel and evolutionary step in corporate reporting, along with the influence that integrated thinking and integrated reporting principles will have on companies, has been the subject of global debate in recent years. This study, performed two years into the South African integrated reporting regime, aims to summarise the findings of the perceptions of chief executive officers (CEOs), chief financial officers (CFOs) and senior executives of South African listed companies on the organisational changes perceived as a result of implementing integrated reporting requirements. The findings confirm and strongly support several of the anticipated organisational outcomes of a regulatory integrated reporting regime, most notably the advancement of strategic decision-making that recognises the organisation’s dependence on resources and relationships in creating and sustaining longer-term stakeholder value, greater consideration of the linkages and interdependencies between financial, social and environmental, and economic matters in setting strategic objectives, and an increased organisational focus on integrating social and environmental objectives into strategic objectives and aligning reported key performance indicators (KPIs) with external stakeholder requirements. Integrated reporting is also perceived as encouraging decision-making in the organisation with the objective of longer-term sustainable wealth-creation. However, maintaining the balance between transparency and business confidentiality when disclosing forward-looking information and strategy remains a challenging aspect of integrated reporting for companies.

scholarly journals Board characteristics: An empirical study of listed companies in Malaysia

2008 ◽  
Vol 4 (1) ◽  
pp. 24-36 ◽  
Author(s):  
Cyril Ponnu ◽  
Juan Soo ◽  
Nordin Abidin
Keyword(s):  
Risk Management ◽  
Correlation Analysis ◽  
Empirical Study ◽  
Analysis Of Variance ◽  
Listed Companies ◽  
Stock Option ◽  
Annual Reports ◽  
Executive Directors ◽  
Board Characteristics

This paper investigates five important characteristics of board committee members of various committees in public listed companies in Malaysia. The five characteristics include director type, tenure, age, internal activity and external activity. Sample of 111 listed companies were collected using simple random five sampling of the annual reports based on financial year 2005 posted online. Sample includes 6 committees with the highest frequency of occurrences – audit, remuneration, nomination, stock option, risk management and executive. Data collected was analyzed using tests of correlation, analysis of variance and regression. The results, however, do not support the hypothesis that members of committees tend to be non-executive directors, older, have longer tenure and show greater evidence of internal and external activities.

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