Determinants of the adoption of executive stock options in china

Ming-Cheng Wu, Szu Lang Liao, Yi Ting Huang

Research output: Contribution to journalArticlepeer-review

2 Citations (Scopus)


This study examines the factors that determine the adoption of stock option plans by Chinese listed firms. The results show that adoption of executive stock option plans is positively related to return on assets, market-to-book ratio, and chief executive officer duality structures, but negatively related to debt ratio and state ownership. In addition, the adoption of a stock option plan results in significantly positive cumulative abnormal returns during the three-day period following the adoption announcement date.

Original languageEnglish
Pages (from-to)63-84
Number of pages22
JournalChinese Economy
Issue number4
Publication statusPublished - 2013 Jul 1

All Science Journal Classification (ASJC) codes

  • Economics, Econometrics and Finance(all)

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