Do Executive Stock Options Induce Excessive Risk Taking

By Zhiyong Dong, Cong Wang, Feixue Xie. 2010

154 citations recorded by the source corpus.

Subfields: Accounting, Finance, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/5b7f16f6c7aa046b22a11bc5925be6ebd4d4f1a2

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. G. Sánchez‐Marín
2. María Belda‐Ruiz
3. J. Samuel Baixauli-Soler

In Finance

1. G. Sánchez‐Marín
2. María Belda‐Ruiz
3. J. Samuel Baixauli-Soler

In Strategy and Management

1. G. Sánchez‐Marín
2. María Belda‐Ruiz
3. J. Samuel Baixauli-Soler

Citations in the corpus

• Executive stock options, gender diversity in the top management team, and firm risk taking (2015, result): “On the other hand, both Tables 2 and 3 show that the TMT's wealth sensitivity to stock volatility has a positive impact on firm risk taking, which is in accordance with the prior literature (Dong et al., 2010; Guay, 1999; Rajgopal & Shevlin, 2002), because the option value increases with volatility.”
• The causal effect of option pay on corporate risk management (2016, unknown): “…Rajgopal and Shevlin (2002), Chen, Steiner, and Whyte (2006), Coles, Daniel, and Naveen (2006), Lewellen (2006), Brockman, Martin, and Unlu (2009), Dong, Wang, and Xie (2010), Chava and Purnanandam (2010), Hayes, Lemmon and Qiu (2012) and Gormley, Matsa and Milbourn (2013). who hedge more could…”