Managerial incentives and executive stock option repricing : A study of US casino executives

@inproceedings{Rogers2002ManagerialIA,
  title={Managerial incentives and executive stock option repricing : A study of US casino executives},
  author={Daniel Rogers},
  year={2002}
}
The practice of executive stock option repricing is examined using a sample of firms in the gaming industry during 1994-98. The practice of repricing executive stock options is often criticized, however this paper recognizes that there may be conditions when such recontracting may be viewed as beneficial to shareholders. Specifically, given that options provide both incentives to increase risk as well as stock price, firms must be cognizant that executives may increasingly face incentives to… CONTINUE READING