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題名 Determinants of the adoption of executive stock options in china
作者 Wu, M.-C.;Liao, Szu-Lang;Huang, Yi Ting
廖四郎;黃怡婷
貢獻者 金融系
日期 2013-07
上傳時間 21-五月-2015 16:51:23 (UTC+8)
摘要 This study examines the factors that determine the adoption of stock option plans by Chinese listed firms. The results show that adoption of executive stock option plans is positively related to return on assets, market-to-book ratio, and chief executive officer duality structures, but negatively related to debt ratio and state ownership. In addition, the adoption of a stock option plan results in significantly positive cumulative abnormal returns during the three-day period following the adoption announcement date. © 2013 M.E. Sharpe, Inc. All rights reserved.
關聯 Chinese Economy, 46(4), 63-84
資料類型 article
DOI http://dx.doi.org/10.2753/CES1097-1475460404
dc.contributor 金融系
dc.creator (作者) Wu, M.-C.;Liao, Szu-Lang;Huang, Yi Ting
dc.creator (作者) 廖四郎;黃怡婷zh_TW
dc.date (日期) 2013-07
dc.date.accessioned 21-五月-2015 16:51:23 (UTC+8)-
dc.date.available 21-五月-2015 16:51:23 (UTC+8)-
dc.date.issued (上傳時間) 21-五月-2015 16:51:23 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/75254-
dc.description.abstract (摘要) This study examines the factors that determine the adoption of stock option plans by Chinese listed firms. The results show that adoption of executive stock option plans is positively related to return on assets, market-to-book ratio, and chief executive officer duality structures, but negatively related to debt ratio and state ownership. In addition, the adoption of a stock option plan results in significantly positive cumulative abnormal returns during the three-day period following the adoption announcement date. © 2013 M.E. Sharpe, Inc. All rights reserved.
dc.format.extent 171699 bytes-
dc.format.mimetype application/pdf-
dc.relation (關聯) Chinese Economy, 46(4), 63-84
dc.title (題名) Determinants of the adoption of executive stock options in china
dc.type (資料類型) articleen
dc.identifier.doi (DOI) 10.2753/CES1097-1475460404
dc.doi.uri (DOI) http://dx.doi.org/10.2753/CES1097-1475460404