2A Arya and B Mittendorf, 2005, "Offering Stock Options to Gauge Managerial Talent", Journal of Accounting and Economics,Vol.40, pp. 189-210.
3Baker T., Collins, D., Reitenga, A., 2003, "Stock Option Compensation and Earnings Management Incentives", Journal of Accounting, Auditing, & Finance, Vol.18, pp.557-582.
4Berle, Adolf A., Jr and Gardiner C. Means, 1932, The Modern Corporation and Private Property, Macmillan, New York, NY.
5Bizjak, John M., James A. Brickley and Jeffrey L. Coles, 1993, "Stock-based Incentive Compensation and Investment Behavior", Journal of Accounting and Economics, Vol.16, pp.349- 372.
6Core J. E., Guay W. R., 1999, "The Use of Equity Grants to Manage Optimal Equity Incentive Levels", Journal of Accounting and Economics ,Vol.28, pp.151-184.
7David Yermack, 1995, "Do Corporations Award CEO Stock Options Effectively?", Journal of Financial Economics, Vol. 39, pp.237-269.
8Dechow, Patricia M. and Richard G. Sloan, 1991, "Executive Incentives and the Horizon Problem", Journal of Accounting and Economics, Vol.14, pp.51-89.
9DeFusco, Richard A., Thomas S. Zorn, and Robert R. Johnson, 1991, "The Association Between Executive Stock Option Plan Changes and Managerial Decision Making", Financial Management, Vol.20, pp.36-43.
10Demsetz, Harold and Kenneth Lehn, 1985, "The Structure of Corporate Ownership: Causes and Consequences", Journal of Political Economy, Vol.93, pp.1155-1177.