SFAS No. 123 Stock‐Based Compensation Expense and Equity Market Values

By David Aboody, Mary E. Barth, Ron Kasznik. 2004

246 citations recorded by the source corpus.

Subfields: Accounting, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/67682aa77701cc9b9bc3e54ed9f9cdd02b3a7fda

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Citations in the corpus

Is fair value accounting information relevant and reliable? Evidence from capital market research (2007, result): “Findings in Bell et al. (2002) differ somewhat from those in Aboody et al. (2004), although both studies provide evidence that employee option expense is value relevant to investors.”
Corporate social responsibility, country-level predispositions, and the consequences of choosing a level of disclosure (2016, methodology): “Aboody et al. (2004) add analyst growth forecast to their modified Ohlson (1995) model; Hann et al. (2007) add growth in sales, R&D expense, and number of employees.”
Stock Option Compensation and Earnings Management Incentives (2003, background): “ponent of CEO pay (Murphy [1999]; Baker [1999]; Matsunaga [1995]; Yermack [ 19961). Not surprisingly, this trend seems to have contributed to increased scrutiny of CEO pay and to have led directly to several public policy initiatives during the 1990s. For example, accounting standard setters adopted”
Do firms understate stock option-based compensation expense disclosed under SFAS 123? (2006, background): “For analyses of factors associated with these firms' decision to recognize SFAS 123 expense and the market reaction, see Aboody, Barth, and Kasznik (2004b).”
Why do pro forma and Street earnings not reflect changes in GAAP? Evidence from SFAS 123R (2012, unknown): “Aboody (1996) and Aboody et al. (2004a) find a significant negative relation between changes in unrecognized stock-based compensation expense and stock returns.”
The Role of Accounting in the Design of CEO Equity Compensation (2007, methodology): “We model the decision to expense options in the first stage relying on Aboody et al. (2004a).”