Market Valuation and Employee Stock Options

  • Ge Zhang
  • Published 2006 in Management Science


This paper investigates a market-valuation-based hypothesis for employee stock options (ESOs). It examines how market valuation has affected the decision to grant ESOs, the amount of options granted, and the distribution of options among executives and rankand-file employees. I find strong empirical evidence that firms with high market valuation and high… (More)
DOI: 10.1287/mnsc.1060.0539


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Cite this paper

@article{Zhang2006MarketVA, title={Market Valuation and Employee Stock Options}, author={Ge Zhang}, journal={Management Science}, year={2006}, volume={52}, pages={1377-1393} }