Does backdating explain Facebook adult online sex chatting
Is not the real question which policies and institutions have led to this explosion of value?
At the end of the day, and sadly, public perception about backdating may be more important than actually understanding the practice.
Erik Lie is a Norwegian finance professor at the University of Iowa who published a report about options backdating that led to many investigations by the SEC into the potentially illegal practice.
Yes, there are numerous examples of corporate malfeasance.
” Their answer: competition in the market for executives.
Tyler Cowen discusses this paper in this NY Times column.
Rather, we get mostly claims that backdating is a function of widespread fraud or compensation committee naiveity.
As I explain below the fold, I don’t think either of these theories get us very far in terms of explaining backdating.