Stock Option Grants, Cost Behavior, and Corporate Governance

2012 ◽  
Author(s):  
Daehyun Kwon ◽  
Tae-Sik Ahn ◽  
Iny Hwang
Keyword(s):  
Corporate Governance ◽  
Stock Option ◽  
Cost Behavior

Corporate Governance and the Design of Stock Option Contracts

2011 ◽  
Author(s):  
Zacharias Sautner ◽  
Martin Weber
Keyword(s):  
Corporate Governance ◽  
Stock Option ◽  
Option Contracts

scholarly journals Corporate governance and IPO underpricing: evidence from the italian market

2021 ◽  
Author(s):  
Emanuele Teti ◽  
Ilaria Montefusco
Keyword(s):  
Corporate Governance ◽  
Initial Public Offering ◽  
Boards Of Directors ◽  
Stock Option ◽  
Board Members ◽  
Ipo Underpricing ◽  
Italian Market ◽  
Public Offering ◽  
The Impact ◽  
Positive Effect

AbstractThis paper aims to analyse the impact of firms’ corporate governance characteristics on the degree of first-day returns (i.e., underpricing) in the Italian initial public offering (IPO) market. In particular, this work investigates the impacts of the characteristics of boards of directors (BoDs) and ownership structure on the underpricing of newly offered shares. By studying a sample of 128 Italian IPOs between 2000 and 2016, it is concluded that corporate governance characteristics affect the degree of first-day returns following a company’s IPO. More specifically, the size of the BoD negatively affects underpricing, while the ownership of institutional investors and board members has a positive effect on the degree of underpricing. Conversely, no significant evidence is found with regard to board independence, the number of female directors in the boardroom, the implementation of stock option plans and ownership concentration.

Earnings Manipulation, Corporate Governance and Executive Stock Option Grants: Evidence from Taiwan*

2012 ◽  
Vol 41 (3) ◽  
pp. 241-257 ◽  
Author(s):  
Ming-Cheng Wu ◽  
Yi-Ting Huang ◽  
Yi-Jing Chen
Keyword(s):  
Corporate Governance ◽  
Stock Option ◽  
Earnings Manipulation ◽  
Executive Stock Option

scholarly journals Sticky cost behavior: evidence from Egypt

2017 ◽  
Vol 7 (1) ◽  
pp. 16-34 ◽  
Author(s):  
Awad Elsayed Awad Ibrahim ◽  
Amr Nazieh Ezat
Keyword(s):  
Corporate Governance ◽  
Information Needs ◽  
Academic Research ◽  
Content Type ◽  
Listed Firms ◽  
Corporate Governance Code ◽  
Cost Behavior ◽  
Asymmetric Cost ◽  
Cost Stickiness ◽  
Asymmetric Cost Behavior

Purpose The purpose of this paper is to provide further empirical evidence on the asymmetric cost behavior, cost stickiness, in an emerging country, Egypt, which lacks academic research on this subject. Design/methodology/approach This study uses multiple regression analysis to analyze the behavior of selling, general, and administrative costs (SG&A) and cost of goods sold (CGS) individually and jointly using total costs (TC) for the period 2004-2011 for Egyptian-listed firms. In addition, the study compares the cost behavior three years prior to and after the application of the corporate governance code in Egypt in 2007. Findings The results indicate that asymmetric cost behavior is common among Egyptian-listed firms as their SG&A, CGS, and TC were found to be sticky during the study period. The application of the corporate governance code in Egypt was found to affect the nature of SG&A – the behavior of these costs changed from sticky before the code to anti-sticky after the application of the code. Moreover, the code was found to affect the magnitude of stickiness of both CGS and TC. Originality/value Greater awareness about cost behavior is important for emerging markets such as Egypt in order to protect investors’ interests and satisfy their information needs. To the best of our knowledge, this study is the first to provide evidence on cost stickiness in Egypt. Moreover, this study provides further evidence on the correlation between corporate governance and asymmetric cost behavior.

Stock option fraud prevention in Islamic country: does corporate governance matter?

2013 ◽  
Vol 11 (1) ◽  
pp. 4-28
Author(s):  
Tariq H. Ismail ◽  
Zakia Abdelmoniem
Keyword(s):  
Corporate Governance ◽  
Stock Option ◽  
Fraud Prevention ◽  
Islamic Country

scholarly journals The Effect of Corporate Sustainable Management on the Relationship between Cost Stickiness and Earnings Transparency

2021 ◽  
Vol 13 (23) ◽  
pp. 13453
Author(s):  
Hyunmin Oh ◽  
Sambock Park
Keyword(s):  
Corporate Governance ◽  
Sustainable Management ◽  
Negative Relationship ◽  
Positive Direction ◽  
External Auditors ◽  
Evaluation Scores ◽  
Interaction Variables ◽  
Cost Behavior ◽  
The Relationship ◽  
Cost Stickiness

This study empirically analyzes the relationship between cost stickiness and earnings transparency. Additionally, this study examines the effect of corporate sustainable management (CSM) on the relationship between cost stickiness and earnings transparency. The evaluation scores of Korea Corporate Governance Service (KCGS) are employed to measure CSM activities. The empirical results show that the relationship between cost stickiness and earnings transparency is significant in the negative direction. This means that the more sticky the costs of a firm, the lower the earnings transparency of the firm. In addition, the relationship between the interaction variables of CSM and cost stickiness and earnings transparency is significant in the positive direction. This indicates that CSM activities act as a mechanism to mitigate the negative relationship between cost stickiness and earnings transparency. The findings of this study, which presented the effects of cost stickiness on earnings transparency and the fact that CSM activities act as a device to suppress the opportunistic cost behavior of managers, are expected to provide important implications to investors, external auditors, and supervisors.

Executive stock option vesting conditions, corporate governance and CEO attributes: evidence from Australia

2016 ◽  
Vol 58 (2) ◽  
pp. 503-533 ◽  
Author(s):  
Xin Qu ◽  
Majella Percy ◽  
Jenny Stewart ◽  
Fang Hu
Keyword(s):  
Corporate Governance ◽  
Stock Option ◽  
Executive Stock Option ◽  
Ceo Attributes
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