The practice of resetting strike prices on underwater executive stock options has drawn criticism for weakening managerial incentives. Our model shows that although the anticipation of resetting can negatively a!ect initial incentives, resetting can still be an important, value-enhancing aspect of compensation contracts, even from an ex-ante standpoint. In fact, we "nd that some resetting is al...

As a result of economic pressures caused by deregulation, utilities are looking at new ways to approach the business of operating and maintaining their assets. In particular, one utility has taken a look at managing their substation assets as if they were stocks in a portfolio. Like financial managers who try to maximize return-on-investment for each asset in a client's portfolio, substation ma...

A recent EMC-sponsored MeriTalk survey1, involving over 150 federal agency video surveillance experts and leaders, reports that 99% of federal agencies believe video surveillance technology will improve their agency’s operations and ability to prevent crime, theft, and terrorism over the next five years. The survey also reveals that 79% believe their agency needs to improve collaboration betwee...

Background: Maintaining and promoting work ability is an important social objective and are challenges facing the health care and rehabilitation system, as well as employers. Physical and mental health status impact on work ability. The aim of this study is to determine the impact of aerobic training on work ability midwives to work in health care centers in the city of Mashhad. Materials and M...

Work ability of elderly managers may decrease probably due to a decreased cognitive flexibility. Moreover, cardiovascular reactivity to changing task demands might be less efficient in elderly. Younger (36-45 years) and elderly (49-60 years) German managers had to perform a switching task when they had to switch continuously between different rules of information processing or to use the same r...

Managers often release earnings forecasts in advance of actual earnings announcements. It would appear that managers should at best be indifferent to such release given that the actual earnings will be disclosed at a future date. However, if the manager’s objective is to maximize his firm’s market value and he has control of production decisions, he may be motivated to release an earnings forec...

The practice of resetting strike prices on underwater executive stock options has drawn criticism for weakening managerial incentives. Our model shows that although the anticipation of resetting can negatively a ect initial incentives, resetting can still be an important, value-enhancing aspect of compensation contracts, even from an ex-ante standpoint. In fact, we nd that some resetting is alm...

We examine analysts’ motives to issue long-term earning growth (LTG) forecasts. We find that analysts are more likely to issue LTG forecasts when their incentive to please managers is strong. In addition, analysts are more likely to choose firms that they are more optimistic about for LTG coverage. We find mixed evidence regarding whether analysts issue LTG forecasts to signal their ability or ...