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- Publications
- Influence
Employee Stock Option Exercises: An Empirical Analysis
- Steven Huddart, M. Lang
- Economics
- 1 February 1996
This paper describes the exercise behavior of over 50,000 employees who hold longterm options on employer stock at eight corporations. Employees typically exercise options years before expiration,… Expand
What Insiders Know About Future Earnings and How They Use it: Evidence from Insider Trades
- Bin Ke, Steven Huddart, K. Petroni
- Economics, Business
- 17 February 2003
This paper provides evidence that insiders possess, and trade upon, knowledge of specific and economically-significant forthcoming accounting disclosures as long as two years prior to the disclosure.… Expand
Psychological Factors and Stock Option Exercise
- C. Heath, Steven Huddart, M. Lang
- Economics
- 1 May 1999
We investigate stock option exercise decisions by over 50,000 employees at seven corporations. Controlling for economic factors, psychological factors influence exercise. Consistent with… Expand
Jeopardy, Non-Public Information, and Insider Trading Around SEC 10-K and 10-Q Filings
- Steven Huddart, Bin Ke, Charles Shi
- Business, Materials Science
- 1 March 2007
Evidence contrasting U.S. insider trades in high- and low-jeopardy periods and across firms at high and low risk for 10b-5 litigation indicates that insiders condition their trades on foreknowledge… Expand
Optimal Contracting With Endogenous Social Norms
- P. Fischer, Steven Huddart
- Computer Science, Economics
- 1 November 2007
TLDR
Information Asymmetry and Cross-sectional Variation in Insider Trading*
- Steven Huddart, Bin Ke
- Business, Economics
- 1 March 2007
This study investigates the relationship between insiders’ trades and a firm’s infor-mation environment. We address the basic question: Are candidate measures for thedegree of information asymmetry… Expand
Employee Stock Options
- Steven Huddart
- Business
- 1 September 1994
This paper examines the valuation of employee stock options (ESOs). Because ESOs are inalienable, the employee's optimal exercise policy differs from the policy a naive reading of the finance… Expand
Public Disclosure and Dissimulation of Insider Trades
- Steven Huddart, J. Hughes, Carolyn B. Levine
- Economics
- 1 May 2001
Regulation requiring insiders to publicly disclose their stock trades after the fact complicates the trading decisions of informed, rent-seeking insiders. Given this requirement, we present an… Expand
Information distribution within firms: evidence from stock option exercises
- Steven Huddart, M. Lang
- Economics, Geology
- 2001
We examine the stock option exercise decisions of over 50,000 employees at seven corporations to provide evidence on the distribution of price-relevant non-public information among employees. When… Expand
The effect of a large shareholder on corporate value
- Steven Huddart
- Economics
- 1 November 1993
This article analyzes the value of a corporation as a function of its ownership structure. Shareholders can acquire costly information about the manager's effort to produce output. Concentrating… Expand