Does Backdating Explain the Stock Price Pattern Around Executive Stock Option Grants?

@article{Heron2006DoesBE,
  title={Does Backdating Explain the Stock Price Pattern Around Executive Stock Option Grants?},
  author={Randall A. Heron and Erik Lie},
  journal={Kelley: Finance (Topic)},
  year={2006}
}
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This study investigates executive stock option grants at the Amsterdam stock exchange. The motive for this study is to examine the timing of the date and the news around option grants, and whether
Is it Timing of the Date, of the News or is it Backdating of Option Grants?
This study investigates executive stock option grants at the Amsterdam stock exchange. The motive for this study is to examine the timing of the date and the news around option grants, and whether
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On the Timing of CEO Stock Option Awards
TLDR
This study documents that the abnormal stock returns are negative before unscheduled executive option awards and positive afterward, suggesting that executives have gradually become more effective at timing awards to their advantage and possibly explaining why the results in this study differ from those in past studies.
Executive Stock Option Exercises and Inside Information
This article examines whether insiders use private information to time the exercises of their executive stock options. Before May 1991, insiders had to hold the stock acquired through option exercise
Do Managers Influence Their Pay? Evidence from Stock Price Reversals Around Executive Option Grants
Using a database of 605,106 option grant filings by insiders between 1992 and 2002, we find significant abnormal stock return reversals around the grant date. Consistent with the hypothesis that
Good Timing: CEO Stock Option Awards and Company News Announcements
This paper analyzes company disclosures of CEO stock option values in compliance with the SEC's regulations for reporting executive compensation data to stockholders. Companies appear to exploit the
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In recents years, some executives have been permitted by firms to rescind stock option exercise decisions by returning the stock to the company for a refund of the exercise price. Such rescissions
Private Information and the Exercise of Executive Stock Options
We find evidence that executives use private information in exercising stock options. The most informed executives exercise early, exercise after the vest date rather than at the vest date, do not
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