Reaction of bond markets to CEO option exercises

• المؤلفون الرئيسيون: Swetha Balachandran, Rahul Bali, Teo, Amos Kuan Ping
• مؤلفون آخرون: Gao Huasheng
• التنسيق: Final Year Project
• اللغة: English
• منشور في: 2011
• الموضوعات: DRNTU::Business::Finance::Fixed income::Bonds
• الوصول للمادة أونلاين: http://hdl.handle.net/10356/43874
• المؤسسة: Nanyang Technological University

Despite the large literature about the effect of CEO option compensation on shareholder value, little is understood on how this option compensation affects bondholder welfare. In this paper, we investigate the bond price reaction toward CEO option exercises. We find a significant positive reaction o...