The impact of SFAS 123R on CEO equity compensation

Detalhes bibliográficos
Autor(a) principal: Quartin, Rosana Inês Hipólito
Data de Publicação: 2009
Tipo de documento: Dissertação
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10362/9644
Resumo: A Work Project, presented as part of the requirements for the Award of a Masters Degree in Finance from the NOVA – School of Business and Economics
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spelling The impact of SFAS 123R on CEO equity compensationSFAS 123RExecutive stock optionsRestricted stockCEO total compensationA Work Project, presented as part of the requirements for the Award of a Masters Degree in Finance from the NOVA – School of Business and EconomicsIn December of 2004, FASB released SFAS 123R, mandating the expensing of executive stock options. This paper studies the changes that occurred in CEO equity compensation in the period of 2000 to 2006. Complementary, I analyze the relevance of performance conditions in this form of compensation. There are two main findings: (i) in the post-SFAS 123R period executive stock options determinants become different (ii) the use of performance equity grants contributes to the decrease of traditional stock options, since the use of these type of grants has a statistically impact in the decrease of traditional stock options grants between 2006 and 2003. There are also two side-results: (i) before SFAS 123R stock options drivers were explaining CEO total compensation, in the post-rule period total compensation drivers became less similar to stock options ones (ii) there is a significant difference between stock options and restricted stock drivers, that persist even after SFAS 123R be introduced.NSBE - UNLMarques, AnaRUNQuartin, Rosana Inês Hipólito2013-05-17T11:57:17Z2009-062009-06-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10362/9644enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T03:42:54Zoai:run.unl.pt:10362/9644Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:18:57.575470Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv The impact of SFAS 123R on CEO equity compensation
title The impact of SFAS 123R on CEO equity compensation
spellingShingle The impact of SFAS 123R on CEO equity compensation
Quartin, Rosana Inês Hipólito
SFAS 123R
Executive stock options
Restricted stock
CEO total compensation
title_short The impact of SFAS 123R on CEO equity compensation
title_full The impact of SFAS 123R on CEO equity compensation
title_fullStr The impact of SFAS 123R on CEO equity compensation
title_full_unstemmed The impact of SFAS 123R on CEO equity compensation
title_sort The impact of SFAS 123R on CEO equity compensation
author Quartin, Rosana Inês Hipólito
author_facet Quartin, Rosana Inês Hipólito
author_role author
dc.contributor.none.fl_str_mv Marques, Ana
RUN
dc.contributor.author.fl_str_mv Quartin, Rosana Inês Hipólito
dc.subject.por.fl_str_mv SFAS 123R
Executive stock options
Restricted stock
CEO total compensation
topic SFAS 123R
Executive stock options
Restricted stock
CEO total compensation
description A Work Project, presented as part of the requirements for the Award of a Masters Degree in Finance from the NOVA – School of Business and Economics
publishDate 2009
dc.date.none.fl_str_mv 2009-06
2009-06-01T00:00:00Z
2013-05-17T11:57:17Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/masterThesis
format masterThesis
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10362/9644
url http://hdl.handle.net/10362/9644
dc.language.iso.fl_str_mv eng
language eng
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv NSBE - UNL
publisher.none.fl_str_mv NSBE - UNL
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
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reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
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repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
repository.mail.fl_str_mv
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