Companies' Modest Claims About the Value of CEO Stock Option Awards

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Publisher :
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Companies' Modest Claims About the Value of CEO Stock Option Awards by : David Yermack

Download or read book Companies' Modest Claims About the Value of CEO Stock Option Awards written by David Yermack and published by . This book was released on 2008 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes companies' disclosure of CEO stock option values in compliance with recent changes in the SEC s regulations for reporting executive compensation data to stockholders. Results suggest that companies exploit the flexibility of the SEC s disclosure regulations to reduce the apparent value of managers compensation. Companies shorten the expected lives of stock options and independently apply discounts to the Black-Scholes formula. Theoretical support for these adjustments is often lacking, and companies universally ignore reasons that the Black-Scholes formula might underestimate the value of executive stock options, but also provide a means of forecasting compliance with controversial FASB proposals to require disclosure of the implicit compensation expense represented by executive stock option awards.

The Wealth Creators

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Publisher : Truman Talley Books
ISBN 13 : 1429980893
Total Pages : 370 pages
Book Rating : 4.4/5 (299 download)

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Book Synopsis The Wealth Creators by : Roy C. Smith

Download or read book The Wealth Creators written by Roy C. Smith and published by Truman Talley Books. This book was released on 2007-04-01 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt: The last two decades saw a greater rise in wealth than during any comparable period in history. Now meet the wealth-driven people behind the dollars. The Multi-Millionaires. How Much They Made. How Each One Made It. At the beginning of 2000, there were nearly three hundred billionaires and five million millionaires living in the United States. Total household wealth had reached $37 trillion, up from just over $8 trillion when Ronald Reagan became president. he stories of these super-rich men and women reflect the social and economic history of the last twenty years. Roy C. Smith's The Wealth Creators takes the reader into five core areas of opportunity today as well as the career turning points of key individuals in each: - Entrepreneurs like Mike Bloomberg, Sam Walton, and Ted Turner, - Dealmakers such as Kirk Kerkorian, Ron Perelman, and Larry Tisch, - Investors like Warren Buffett and financiers like George Soros, - Corporate executives such as Jack Welch, Sandy Weill, and Michael Eisner, - And entertainers like Oprah Winfrey, Steven Spielberg, and Tiger Woods.

Earnings Management

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Publisher : Springer Science & Business Media
ISBN 13 : 0387257713
Total Pages : 587 pages
Book Rating : 4.3/5 (872 download)

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Book Synopsis Earnings Management by : Joshua Ronen

Download or read book Earnings Management written by Joshua Ronen and published by Springer Science & Business Media. This book was released on 2008-08-06 with total page 587 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a study of earnings management, aimed at scholars and professionals in accounting, finance, economics, and law. The authors address research questions including: Why are earnings so important that firms feel compelled to manipulate them? What set of circumstances will induce earnings management? How will the interaction among management, boards of directors, investors, employees, suppliers, customers and regulators affect earnings management? How to design empirical research addressing earnings management? What are the limitations and strengths of current empirical models?

Litigation Services Handbook

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Publisher : John Wiley & Sons
ISBN 13 : 1119363160
Total Pages : 1439 pages
Book Rating : 4.1/5 (193 download)

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Book Synopsis Litigation Services Handbook by : Roman L. Weil

Download or read book Litigation Services Handbook written by Roman L. Weil and published by John Wiley & Sons. This book was released on 2017-03-30 with total page 1439 pages. Available in PDF, EPUB and Kindle. Book excerpt: The comprehensive "bible" for financial experts providing litigation support The Litigation Services Handbook is the definitive guide for financial experts engaged in litigation services. Attorneys require financial experts now more than ever, and this book provides the guidance you need to provide a high level of service as witness and consultant. Enhance your litigation skills as you delve into the fine points of trial preparation, deposition, and testimony; project authority under examination, and hold up to tough questions under cross-examination. Fraud investigations are a major component of litigation support services, and this book delves deep into Sarbanes-Oxley compliance and other relevant topics to give you a foundational understanding of how these cases are prosecuted, and your role as the financial services expert. This updated sixth edition includes new coverage of technology's role in the financial expert's practice, and the focus on investigations provides practical insight from leading experts in the field. From the process itself to proving damages, this indispensable reference covers all aspects of litigation services. Providing litigation support requires more than just your financial expertise; you also need a working knowledge of relevant case law, and a deep understanding of both the litigation process and the finer points of courtroom appearances. This book provides the insight and perspective you need to provide superior service to attorneys and their clients. Understand your role in trial preparation and testimony presentation Provide authoritative responses to direct and cross examination Examine and analyze Sarbanes-Oxley rulings Lend financial expertise to fraud investigations The growing demand for financial expert litigation services has created a niche market for CPAs, creating a lucrative opportunity for qualified accountants who also possess the specialized knowledge the role requires. The Litigation Services Handbook is THE essential guide for anyone involved in financial litigation.

Advances in Accounting

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Publisher : Elsevier
ISBN 13 : 0080543987
Total Pages : 257 pages
Book Rating : 4.0/5 (85 download)

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Book Synopsis Advances in Accounting by : Philip M J Reckers

Download or read book Advances in Accounting written by Philip M J Reckers and published by Elsevier. This book was released on 2002-05-08 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: Advances in Accounting

Research, Standard Setting, and Global Financial Reporting

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Publisher : Now Publishers Inc
ISBN 13 : 1601980086
Total Pages : 109 pages
Book Rating : 4.6/5 (19 download)

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Book Synopsis Research, Standard Setting, and Global Financial Reporting by : Mary E. Barth

Download or read book Research, Standard Setting, and Global Financial Reporting written by Mary E. Barth and published by Now Publishers Inc. This book was released on 2007 with total page 109 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research, Standard Setting, and Global Financial Reporting aids researchers in conducting research relevant to global financial reporting issues, particularly those of interest to financial reporting standard setters. Research, Standard Setting, and Global Financial Reporting describes the relation between research and standard-setting issues; explains how a variety of research designs can be used to address questions motivated by standard-setting issues, including valuation research and event studies; offers examples of research addressing a specific global standard-setting issue - use of fair value in measuring accounting amounts; offers further opportunities for future research on specific standard-setting topics by providing motivating questions relating to the major topics on the agendas of the FASB and IASB; explains how the IASB aims to achieve its mission of developing a single set of high quality accounting standards that are accepted worldwide; summarizes extant evidence on the relative quality of accounting amounts across global standard-setting regimes and whether global financial reporting is achievable or even desirable. Research, Standard Setting, and Global Financial Reporting examines opportunities for future research on issues related to globalization of financial reporting by identifying motivating questions that are potentially avenues for future research.

Pay Without Performance

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Publisher : Harvard University Press
ISBN 13 : 9780674020634
Total Pages : 308 pages
Book Rating : 4.0/5 (26 download)

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Book Synopsis Pay Without Performance by : Lucian A. Bebchuk

Download or read book Pay Without Performance written by Lucian A. Bebchuk and published by Harvard University Press. This book was released on 2004 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: The company is under-performing, its share price is trailing, and the CEO gets...a multi-million-dollar raise. This story is familiar, for good reason: as this book clearly demonstrates, structural flaws in corporate governance have produced widespread distortions in executive pay. Pay without Performance presents a disconcerting portrait of managers' influence over their own pay--and of a governance system that must fundamentally change if firms are to be managed in the interest of shareholders. Lucian Bebchuk and Jesse Fried demonstrate that corporate boards have persistently failed to negotiate at arm's length with the executives they are meant to oversee. They give a richly detailed account of how pay practices--from option plans to retirement benefits--have decoupled compensation from performance and have camouflaged both the amount and performance-insensitivity of pay. Executives' unwonted influence over their compensation has hurt shareholders by increasing pay levels and, even more importantly, by leading to practices that dilute and distort managers' incentives. This book identifies basic problems with our current reliance on boards as guardians of shareholder interests. And the solution, the authors argue, is not merely to make these boards more independent of executives as recent reforms attempt to do. Rather, boards should also be made more dependent on shareholders by eliminating the arrangements that entrench directors and insulate them from their shareholders. A powerful critique of executive compensation and corporate governance, Pay without Performance points the way to restoring corporate integrity and improving corporate performance.

Journal of Applied Corporate Finance

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Publisher :
ISBN 13 :
Total Pages : 1008 pages
Book Rating : 4.E/5 ( download)

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Book Synopsis Journal of Applied Corporate Finance by :

Download or read book Journal of Applied Corporate Finance written by and published by . This book was released on 2002 with total page 1008 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Innovation and Entrepreneurship in Western Canada

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Publisher : University of Calgary Press
ISBN 13 : 1552380750
Total Pages : 377 pages
Book Rating : 4.5/5 (523 download)

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Book Synopsis Innovation and Entrepreneurship in Western Canada by : James J. Chrisman

Download or read book Innovation and Entrepreneurship in Western Canada written by James J. Chrisman and published by University of Calgary Press. This book was released on 2002 with total page 377 pages. Available in PDF, EPUB and Kindle. Book excerpt: A collection of articles by Canadian scholars that examines the nature of the entrepreneurial process at the national and regional levels. The book presents emerging research and scholarly perspectives on the roles of innovation, entrepreneurship, and family business in western Canadian economic development. Includes conceptual pieces, theory-building exercises based on field research, literature reviews, large-scale empirical studies, and presentations of new methodological advancements that further research in the field of business.

Corporate Governance at the Crossroads: A Book of Readings

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Publisher : McGraw-Hill/Irwin
ISBN 13 :
Total Pages : 542 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Corporate Governance at the Crossroads: A Book of Readings by : Stuart L. Gillan

Download or read book Corporate Governance at the Crossroads: A Book of Readings written by Stuart L. Gillan and published by McGraw-Hill/Irwin. This book was released on 2005 with total page 542 pages. Available in PDF, EPUB and Kindle. Book excerpt: Corporate Governance at the Crossroads: A Book of Readings has both groundbreaking and recent articles on corporate governance. It is a perfect supplement and packaging item with McGraw-Hill/Irwin’s many undergraduate or graduate corporate finance textbooks.

Offshore Hedge Funds

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Publisher :
ISBN 13 :
Total Pages : 72 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Offshore Hedge Funds by : Stephen J. Brown

Download or read book Offshore Hedge Funds written by Stephen J. Brown and published by . This book was released on 1997 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: We examine the performance of the offshore hedge fund industry over the period 1989 through 1995 using a database that includes defunct as well as currently operating funds. The industry is characterized by high attrition rates of funds and little evidence of differential manager skill. We develop endogenous style categories for relative fund performance measures and find that repeat-winner and repeat-loser patterns in the data are largely due to style effects in that data.

Global Patterns Fo Mergers and Acquisition Activity in the Financial Services Industry

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Publisher :
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4.:/5 ( download)

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Book Synopsis Global Patterns Fo Mergers and Acquisition Activity in the Financial Services Industry by : Roy C. Smith

Download or read book Global Patterns Fo Mergers and Acquisition Activity in the Financial Services Industry written by Roy C. Smith and published by . This book was released on 1996 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Measuring the Non-linearity of Fixed Income Securities

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Publisher :
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.:/5 ( download)

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Book Synopsis Measuring the Non-linearity of Fixed Income Securities by : March S. Freed

Download or read book Measuring the Non-linearity of Fixed Income Securities written by March S. Freed and published by . This book was released on 1996 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Predictable Changes in Yields and Forward Rates

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Publisher :
ISBN 13 :
Total Pages : 74 pages
Book Rating : 4.:/5 ( download)

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Book Synopsis Predictable Changes in Yields and Forward Rates by : David Backus

Download or read book Predictable Changes in Yields and Forward Rates written by David Backus and published by . This book was released on 1998 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: We consider patterns in the predictability of interest rates, characterized relative to the expectations hypothesis (EH), and attempt to account for them with affine models. We make the following points: (i) Discrepancies in the data from the EH take a particularly simple form with forward rates: as theory suggests, the largest discrepancies are at short maturities. (ii) Reasonable estimates of one-factor Cox-Ingersoll-Ross models imply regressions on the opposite side of the EH than we see in the data: regression slopes are greater than one, not less than one. (iii) Multifactor affine models can nevertheless approximate both departures from the EH and other properties of interest rates

journal of accounting & economics

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Publisher :
ISBN 13 :
Total Pages : 534 pages
Book Rating : 4.3/5 (512 download)

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Book Synopsis journal of accounting & economics by :

Download or read book journal of accounting & economics written by and published by . This book was released on 1995 with total page 534 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Effects of Bank Mergers and Acquisitions on Small Business Lending

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Publisher :
ISBN 13 :
Total Pages : 76 pages
Book Rating : 4.:/5 ( download)

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Book Synopsis The Effects of Bank Mergers and Acquisitions on Small Business Lending by : Allen N. Berger

Download or read book The Effects of Bank Mergers and Acquisitions on Small Business Lending written by Allen N. Berger and published by . This book was released on 1997 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Economic News and the Yield Curve : Evidence from the U.S. Treasure Market

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Publisher :
ISBN 13 :
Total Pages : 76 pages
Book Rating : 4.:/5 ( download)

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Book Synopsis Economic News and the Yield Curve : Evidence from the U.S. Treasure Market by : Pierluigi Balduzzi

Download or read book Economic News and the Yield Curve : Evidence from the U.S. Treasure Market written by Pierluigi Balduzzi and published by . This book was released on 1998 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: