Employee stock options : financial reporting effects and implications (evidence from Singapore).
Loh, Eng Kiat.
Loh, Sin Li.
Wong, Sze Fei.
Date of Issue2003
College of Business (Nanyang Business School)
This study seeks to quantify the effects of expensing ESOs on Singapore companies’ net income using the Black-Scholes option pricing model of valuation. We also examine whether an earnings management motive exist behind these grant of ESOs by adopting the award-winning methodology proposed by Matsunaga .
Final Year Project (FYP)
Nanyang Technological University