In the late 1990s, the use of employee stock options increased dramatically, as did the use of stock repurchases. Both affect a company’s earnings per share. New research goes beyond the anecdotes to determine whether financial reporting incentives affect corporate managers’ decisions to repurchase their company’s stock.
Content: Article | Authors: Daniel A. Bens, Douglas J. Skinner, M.H. Franco Wong | Source: Capital Ideas | Subjects: Accounting, Finance | Industry: Finance / Banking