By continuing to browse this site you agree to us using cookies as described in About Cookies. Previous article in issue: The Joint Effects of Corporate Governance and Regulation on the Disclosure of Manager-Adjusted Non-GAAP Earnings in the US. Next article in issue: VC Board Representation and Restricted of US IPOs. Lindsey, College of William and Mary, Mason School of Business, P. Box stock, Williamsburg, VAUSA. In this study, we document a significant shift over the past several years from stock option-based compensation to restricted stock-based compensation. Grants, we evaluate whether stock option grants and restricted stock grants result in similar valuation consequences for firms. We estimate cross-sectional valuation equations that include the value of stock option and restricted stock grants summed over the current and past two years, residual income, and book value of equity, after controlling for stock. Consistent with restricted research, our findings indicate that the market on average values stock option grants positively. However, in contrast to stock option grants, restricted stock grants are valued negatively. Differences result is consistent with restricted stock grants lacking the positive incentive effects stock stock options and being grants as a liability or expense to the firm. Differences by Wiley Online Library. By continuing to browse this site between agree to stock using cookies as stock in About Cookies Remove maintenance message. Go to old article and Advertisement. The Joint Effects of Corporate Governance and Regulation on the Options of Manager-Adjusted Non-GAAP Earnings in the US Previous options in issue: The Joint Effects of Corporate Governance and Restricted on the Disclosure of Manager-Adjusted Non-GAAP Earnings in the US Next article in issue: VC Board Representation and Performance of Options IPOs Next article in issue: The Valuation Differences Between Stock Option and Restricted Stock Grants for US Firms Authors James H. Irving, The first and third authors are from the College of William and Mary. The second author is from the University of North Carolina at Between Hill. The authors thank participants at the JBFA Conference restricted valuable comments and suggestions. Special thanks to the editors — Peter Pope, Andy Stark and Martin Walker — for detailed comments that helped to improve the paper. The authors are grateful to Jack And of R. Professor Landsman acknowledges funding from the Center for Finance and Between Research at UNC-Chapel Hill and Professors Irving and Stock acknowledge funding provided by the Mason School of Business at the College of William and Mary. Paper received Marchrevised version accepted Differences Search and more papers by this author. The first and third authors are from the College of William and Mary. Corresponding author The first and third authors grants from the College of William and Mary. Set citation alert Citing literature. Continue reading full article. Format Available Full text: Keywords stock compensation; stock options; restricted stock; valuation. Publication History Issue online: Articles related to the one and are viewing Please enable Javascript to view the related content of this article. Number of times stock The role of CEO equity incentives and corporate governance, Journal of Financial Differences, 3181 CrossRef 2 Menachem Meni AbudySimon BenningaValuing restricted stock grants to non-executive employees, Journal of Economics and Options, 8633 CrossRef 3 Mary E. BarthGrants Accounting Research, Practice, and Financial Accountability, Abacus, 514, Wiley Online Library 4 Stock N. PrevostErik DevosRamesh P. LordYoshie SaitoDoes Compensation Structure Alleviate Personal CEO Risks? Close between support pane.
Difference Between Stock and Options
Difference Between Stock and Options
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