Granting employee stock options (ESOs), market reaction and financial performance

This paper examines several issues related to the implementation of ESOs among Malaysian companies. We examine a total of 52 companies, 26 ESO firms and their matched industry peers over a span of 12 years. We find ESO firm stocks to have marginally higher mean returns and lower volatility than do t...

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Bibliographic Details
Main Authors: Bacha, Obiyathulla Ismath, Syed Mohd Zain, Sharifah Raihan, Mohd Rasid, Mohd Eskandar Shah, Mohamad, Azhar
Format: Article
Language:English
Published: Asian Academy of Management and USM Press 2009
Subjects:
Online Access:http://irep.iium.edu.my/8011/
http://irep.iium.edu.my/8011/
http://irep.iium.edu.my/8011/1/Granting_employee_stock_options_%28ESOs%29%2C_market_reaction_and_financial_performance.pdf