{"id":"https://openalex.org/W1990674923","doi":"https://doi.org/10.1111/j.1755-053x.2010.01105.x","title":"Exercises of Executive Stock Options on the Vesting Date","display_name":"Exercises of Executive Stock Options on the Vesting Date","publication_year":2010,"publication_date":"2010-09-01","ids":{"openalex":"https://openalex.org/W1990674923","doi":"https://doi.org/10.1111/j.1755-053x.2010.01105.x","mag":"1990674923"},"language":"en","primary_location":{"id":"doi:10.1111/j.1755-053x.2010.01105.x","doi":"https://doi.org/10.1111/j.1755-053x.2010.01105.x","is_oa":false,"landing_page_url":"https://doi.org/10.1111/j.1755-053x.2010.01105.x","pdf_url":null,"source":{"id":"https://openalex.org/S157946625","display_name":"Financial Management","issn_l":"0046-3892","issn":["0046-3892","1755-053X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-2","jufo-2","norway-2","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Financial Management","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5038833462","display_name":"Xudong Fu","orcid":"https://orcid.org/0000-0003-3638-7166","observed_orcids":["https://orcid.org/0000-0003-3638-7166"]},"institutions":[{"id":"https://openalex.org/I87547150","display_name":"Southern Illinois University Edwardsville","ror":"https://ror.org/04cqs5j56","country_code":"US","type":"education","lineage":["https://openalex.org/I2801502357","https://openalex.org/I87547150"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Xudong Fu","raw_affiliation_strings":["Xudong Fu is an Assistant Professor of Finance at Southern Illinois University Edwardsville in Edwardsville, IL"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Xudong Fu is an Assistant Professor of Finance at Southern Illinois University Edwardsville in Edwardsville, IL","institution_ids":["https://openalex.org/I87547150"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5065676837","display_name":"James A. Ligon","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I87547150","display_name":"Southern Illinois University Edwardsville","ror":"https://ror.org/04cqs5j56","country_code":"US","type":"education","lineage":["https://openalex.org/I2801502357","https://openalex.org/I87547150"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"James A. Ligon","raw_affiliation_strings":["Xudong Fu is an Assistant Professor of Finance at Southern Illinois University Edwardsville in Edwardsville, IL"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Xudong Fu is an Assistant Professor of Finance at Southern Illinois University Edwardsville in Edwardsville, IL","institution_ids":["https://openalex.org/I87547150"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":["https://openalex.org/I87547150"],"apc_list":{"value":2850,"currency":"USD","value_usd":2850},"apc_paid":null,"fwci":12.3148,"has_fulltext":false,"cited_by_count":25,"citation_normalized_percentile":{"value":0.97975684,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":98},"biblio":{"volume":"39","issue":"3","first_page":"1097","last_page":"1126"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9419000148773193,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9419000148773193,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10067","display_name":"Stochastic processes and financial applications","score":0.04010000079870224,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.009600000455975533,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/executive-stock-options","display_name":"executive stock options","score":0.9929999709129333},{"id":"https://openalex.org/keywords/early-exercise","display_name":"early exercise","score":0.8019999861717224},{"id":"https://openalex.org/keywords/portfolio-diversification","display_name":"portfolio diversification","score":0.8960000276565552},{"id":"https://openalex.org/keywords/private-information","display_name":"private information","score":0.9129999876022339},{"id":"https://openalex.org/keywords/executive-compensation","display_name":"executive compensation","score":0.5350000262260437},{"id":"https://openalex.org/keywords/incentive-contracts","display_name":"incentive contracts","score":0.33000001311302185}],"concepts":[{"id":"https://openalex.org/C39376844","wikidata":"https://www.wikidata.org/wiki/Q3709057","display_name":"Vesting","level":2,"score":0.9986579418182373},{"id":"https://openalex.org/C3017619653","wikidata":"https://www.wikidata.org/wiki/Q187860","display_name":"Stock options","level":2,"score":0.6969279050827026},{"id":"https://openalex.org/C180916674","wikidata":"https://www.wikidata.org/wiki/Q3711935","display_name":"Diversification (marketing strategy)","level":2,"score":0.5572249293327332},{"id":"https://openalex.org/C2780821815","wikidata":"https://www.wikidata.org/wiki/Q5340806","display_name":"Portfolio","level":2,"score":0.5564817190170288},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.552959144115448},{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.4981820583343506},{"id":"https://openalex.org/C2780743171","wikidata":"https://www.wikidata.org/wiki/Q1383611","display_name":"Executive summary","level":2,"score":0.4683517813682556},{"id":"https://openalex.org/C162118730","wikidata":"https://www.wikidata.org/wiki/Q1128453","display_name":"Actuarial science","level":1,"score":0.3549084961414337},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.3518561124801636},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.33090561628341675},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.1072518527507782},{"id":"https://openalex.org/C205649164","wikidata":"https://www.wikidata.org/wiki/Q1071","display_name":"Geography","level":0,"score":0.09103137254714966},{"id":"https://openalex.org/C162853370","wikidata":"https://www.wikidata.org/wiki/Q39809","display_name":"Marketing","level":1,"score":0.05304825305938721},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C166957645","wikidata":"https://www.wikidata.org/wiki/Q23498","display_name":"Archaeology","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1111/j.1755-053x.2010.01105.x","doi":"https://doi.org/10.1111/j.1755-053x.2010.01105.x","is_oa":false,"landing_page_url":"https://doi.org/10.1111/j.1755-053x.2010.01105.x","pdf_url":null,"source":{"id":"https://openalex.org/S157946625","display_name":"Financial Management","issn_l":"0046-3892","issn":["0046-3892","1755-053X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-2","jufo-2","norway-2","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Financial Management","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:bla:finmgt:v:39:y:2010:i:3:p:1097-1126","doi":null,"is_oa":false,"landing_page_url":"http://www.blackwell-synergy.com/doi/abs/10.1111/j.1755-053X.2010.01105.x","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[],"sustainable_development_goals_aurora":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":26,"referenced_works":["https://openalex.org/W1585122502","https://openalex.org/W1830887833","https://openalex.org/W1895334341","https://openalex.org/W1955600622","https://openalex.org/W1965062643","https://openalex.org/W1995834279","https://openalex.org/W2001527326","https://openalex.org/W2026474402","https://openalex.org/W2067600456","https://openalex.org/W2119886428","https://openalex.org/W2126725648","https://openalex.org/W2127956091","https://openalex.org/W2136120210","https://openalex.org/W2154136277","https://openalex.org/W2167625023","https://openalex.org/W2256575209","https://openalex.org/W2606315156","https://openalex.org/W3121348809","https://openalex.org/W3121858848","https://openalex.org/W3123062772","https://openalex.org/W3124175736","https://openalex.org/W3124188395","https://openalex.org/W3124198244","https://openalex.org/W3124497874","https://openalex.org/W3124950435","https://openalex.org/W3125801706"],"related_works":["https://openalex.org/W7213330012","https://openalex.org/W7098116333","https://openalex.org/W3121858848","https://openalex.org/W3124950435","https://openalex.org/W7099536940","https://openalex.org/W3124237178","https://openalex.org/W1739211495","https://openalex.org/W7100499245","https://openalex.org/W4245164301","https://openalex.org/W2600442109"],"abstract_inverted_index":{"We":[0,21],"investigate":[1],"the":[2,12,28,51],"motives":[3],"for":[4,36],"executives":[5,24,31],"to":[6,46,65],"exercise":[7,26,47],"executive":[8],"stock":[9],"options":[10,49],"on":[11,27,50],"options\u2019":[13],"vesting":[14,29,52,66],"date":[15,53,67],"versus":[16,54],"a":[17,33,55],"later":[18,56],"early":[19,57],"exercise.":[20],"find":[22],"that":[23],"frequently":[25],"date,":[30],"with":[32],"greater":[34],"need":[35],"portfolio":[37],"diversification":[38],"and":[39,59],"riskier":[40],"underlying":[41],"stocks":[42],"are":[43],"more":[44],"likely":[45],"their":[48],"exercise,":[58],"private":[60],"information":[61],"appears":[62],"less":[63],"relevant":[64],"exercises.":[68]},"counts_by_year":[{"year":2025,"cited_by_count":1},{"year":2020,"cited_by_count":2},{"year":2019,"cited_by_count":2},{"year":2018,"cited_by_count":1},{"year":2017,"cited_by_count":1},{"year":2016,"cited_by_count":1},{"year":2015,"cited_by_count":2},{"year":2014,"cited_by_count":4},{"year":2013,"cited_by_count":3},{"year":2012,"cited_by_count":4}],"updated_date":"2026-10-16T09:59:22.235173","created_date":"2016-06-24T00:00:00"}