Review of Accounting and Finance: Volume 13 Issue 3

Stock option expense management after SFAS 123R

Jap Efendi, Li-Chin Jennifer Ho, Jeffrey J. Tsay, Yu Zhang

The purpose of this paper is to examine whether firms manage the total value of stock option grants downward after the implementation of Statement of Financial Accounting…

CEO compensation and the reported value of stock options in initial public offerings

Anthony J. Amoruso, Joseph D. Beams

– This paper aims to test the effects that different compensation policies have on managerial discretion with regard to stock options.

The impact of cash holdings and external financing on investment-cash flow sensitivity

Tae-Nyun Kim

– This paper aims to propose several factors which can explain the negative relationship between financial constraints and investment-cash flow sensitivity.

Non-public contracts, cash flows and firm value: the case of Lockheed

Shreesh Deshpande, Vijay Jog

This study aims to examine a large, non-disclosed production contract awarded to Lockheed Corp. in the context of a trade-off between a contractually required non-disclosure…

Equity market integration: the new emerging economy of Montenegro

Vassilios G. Papavassiliou

– The purpose of this paper is to examine the level of capital market integration between the Montenegrin stock market and a number of European Union (EU) countries and the USA.