Executive stock options as mixed gambles: Revisiting the behavioral agency model

By Geoffrey P. Martin, Luis R. Gómez-Mejía, Robert M. Wiseman. 2013

286 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/d99eb413e9feeccf722f7fdeb72b0fbe78cdb2f3

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Citations in the corpus

When does transitioning from family to professional management improve firm performance (2015, methodology): “For example, in the context of stock options, managers not only respond to stock options but also manage the risk contained in their compensation packages by using hedging instruments like put options (Devers et al., 2008; Martin et al., 2013).”
In the Horns of the Dilemma: Socioemotional Wealth, Financial Wealth, and Acquisitions in Family Firms (2018, background): “Bromiley (2009, 2010) argues that most strategic choices confronted by managers represent mixed gambles, given the possibility of gains and losses associated with these decisions (MacCrimmon & Wehrung, 1990; March & Shapira, 1987; Martin et al., 2013; Wu & Markle, 2008).”
Executive stock options, gender diversity in the top management team, and firm risk taking (2015, methodology): “First, unlike previous studies that focused exclusively on CEOs (Devers, McNamara, Wiseman, & Arrfelt, 2008; Larraza-Kintana et al., 2007; Martin et al., 2013), we use the TMT as our unit of analysis since, in addition to the CEO, other TMT members are also involved in formulating and carrying out f”
Human Capital and CEO Compensation during Institutional Transitions (2015, unknown): “From a research standpoint, adding incentive plans into the CEO compensation mix creates confusion and debate (Gomez-Mejia et al., 2010; Martin et al., 2013; Sauerwald et al., 2015).”
CEO Succession Mechanisms, Organizational Context, and Performance: A Socio‐Emotional Wealth Perspective on Family‐Controlled Firms (2014, background): “It would also allow for researchers to build specifically on the concept of mixed gambles where the dominant principals see CEO succession as decision associated with both potential loss and potential gain of SEW (Gomez-Mejia et al., 2013; Martin et al., 2013).”
To Merge, Sell, or Liquidate? Socioemotional Wealth, Family Control, and the Choice of Business Exit (2019, unknown): “…these four measures showed strong convergence by loading highly on a single factor and demonstrated high internal consistency, we built a composite measure of family involvement by adding the standardized values of each measure (for a similar procedure, see Finkelstein, 1992; Martin et al., 2013).”