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Showing 1 to 1 of 1 for “"Underwater Options"”.

  1. Essays on the role of executive compensation in the subprime mortgage crisis and the incentive effects of executive stock options

    … new option grants in response to executive underwater options. A unique data set was constructed that contains detailed information of each option grant in CEOs’ total option portfolio at each time when firms made a new option grant. The results show that firms increased the number of new …

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