Stock options : from backdating to spring loading

Bianchi, Giuliano (Ecole hôtelière de Lausanne, HES-SO // University of Applied Sciences Western Switzerland)

In this article I explore the impact of the introduction of the Sarbanes–Oxley Act (SOX) in 2002 and the Securities and Exchange Commission’s implementation of the Act in 2006 on the options granting process. I show that after the in troduct ion of the SOX and its implementation the pract ice of backdating options was subst ituted with the practice of “spring loading” options around analysts’ price targets announcements.


Keywords:
Article Type:
scientifique
Faculty:
Economie et Services
School:
EHL
Subject(s):
Economie/gestion
Date:
2016
Published in:
The quarterly review of economics and finance
Numeration (vol. no.):
February 2016, vol. 59, pp. 215-221
DOI:
ISSN:
0261-5177
Appears in Collection:

Note: The status of this file is: restricted


 Record created 2016-04-26, last modified 2018-12-20

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