Abstract:This paper investigates how stock option turned from an incentive for good management to a tool of management fraud. The objective of this paper is accomplished through studying the stock option phenomenon in the Arab Republic of Egypt (ARE). Stock option grants data are obtained from all firms that have stock option grants and listed in the Egyptian stock market. The empirical study covers the period from 2006 through 2009. Detecting stock option fraud and distinguishing between control and fraud firms was do… Show more
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