Are managers more inclined to split their shares if they stand to personally benefit from them? The greater the variable compensation in the remuneration package, i.e., the more a compensation package represents a “call” option on the stock; the more inclined CEOs are to split the firms'' shares. Accompanied by the increase in stock price and volatility subsequent to a stock split, CEOs can increase the value of their option packages by splitting the firm''s shares as it sends a credible signal to the market. By focusing on stock option exercise behaviour of CEOs I provide initial evidence that executives use the stock split to time option exercises.
|Number of Pages||56|
|Country of Manufacture||India|
|Product Brand||LAP LAMBERT Academic Publishing|
|Product Packaging Info||Box|
|In The Box||1 Piece|
|Product First Available On ClickOnCare.com||2015-07-08 00:00:00|