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.


Mots-clés:
Type d'article:
scientifique
Faculté:
Economie et Services
Ecole:
EHL
Classification:
Economie/gestion
Date:
2016
Veröffentlicht in:
The quarterly review of economics and finance
Numérotation (vol. no.):
February 2016, vol. 59, pp. 215-221
DOI:
ISSN:
0261-5177
Le document apparaît dans:

Note: The status of this file is: restricted


 Datensatz erzeugt am 2016-04-26, letzte Änderung am 2018-12-20

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