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The effects of financial reporting costs on the use of employee stock options
This study uses data on 123 firms over an 11 year period to examine whether the accounting for employee stock options permits them to be used as part of an income management strategy. Using a pooled cross-sectional, time-series analysis, the value of options granted is found to be negatively related to the extent the firm is below its target level of income and positively related to the firm's use of income-increasing accounting methods. I also find weak evidence of a positive relation between the firm's relative use of income-increasing accounting methods and the probability of issuing unattached stock options rather than income-decreasing securities such as stock appreciation rights or tandem securities. However, the results from both tests are sensitive to the estimation method and are not consistent over time.
Ketersediaan
| Call Number | Location | Available |
|---|---|---|
| AR7001 | PSB lt.dasar - Pascasarjana | 1 |
| Penerbit | USA: American Accounting Association 1995 |
|---|---|
| Edisi | Vol. 70, No. 1, Jan., 1995 |
| Subjek | Tax treatment Employee Stock Options (ESOs) financial reporting costs income management strategy Incentive Stock Options (ISOs) Stock Appreciation Rights (SARs) Black-Scholes Model |
| ISBN/ISSN | 00014826 |
| Klasifikasi | NONE |
| Deskripsi Fisik | 26 p. |
| Info Detail Spesifik | The Accounting Review |
| Other Version/Related | Tidak tersedia versi lain |
| Lampiran Berkas |