Record Details

Backdated Stock Options Ownership Impact On The Corporation, Management, & Shareholders

Kasarinlan: Philippine Journal of Third World Studies

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Field Value
 
Title Backdated Stock Options Ownership Impact On The Corporation, Management, & Shareholders
 
Creator Cascini, Karen T.
DelFavero, Alan
 
Subject accounting
stock options
backdating
corruption
greed
executive compensation
corporate scandals
accounting fraud
corporate negligence
business ethics
Sarbanes-Oxley Act
investor risk
 
Description In the post-Sarbanes-Oxley Act (SOx) world, there has been an unprecedented crackdown on fraudulent activity occurring within corporate America. During recent years, many companies have granted stock options to their executives and employees as part of compensation packages.  While the issuance of stock options as a component of compensation is considered to be a legal practice, corruption has taken this corporate resource to unlawful heights.  Recently, numerous corporations have been in the news for potentially backdating stock options.  Accordingly, the purpose of this paper is to distinguish between legal and illegal aspects of backdating stock options, and to examine the ethics of such corporate activity.
 
Publisher Clute Institute
 
Date 2010-01-01
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://clutejournals.com/index.php/JBER/article/view/656
10.19030/jber.v8i1.656
 
Source Journal of Business & Economics Research (JBER); Vol. 8 No. 1 (2010)
2157-8893
1542-4448
10.19030/jber.v8i1
 
Language eng
 
Relation http://clutejournals.com/index.php/JBER/article/view/656/642