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Stock options , Chief executive officers , Risk taking , Investment risk , Investment strategies , Business management , Investment spending , Business structures , Risk management , Financial management. Were these topics helpful?

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The Academy of Management Journal. The Academy of Management Journal presents cutting edge research that provides readers with a forecast for new management thoughts and techniques. All empirical methods including but not limited to qualitative, quantitative, or combination methods are represented. Articles published in the journal are clearly relevant to management theory and practice and identify both a compelling practical management issue and a strong theoretical framework for addressing it.

For more than 40 years the journal has been recognized as indispensable reading for management scholars. The journal has been cited in such forums as The Wall Street Journal , The New York Times , The Economist and The Washington Post.

The journal is published six times per year with a circulation of 15, Moving Wall Moving Wall: Moving Wall The "moving wall" represents the time period between the last issue available in JSTOR and the most recently published issue of a journal. Terms Related to the Moving Wall Fixed walls: Journals with no new volumes being added to the archive. Journals that are combined with another title. Journals that are no longer published or that have been combined with another title.

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Persons from Georgia who died in the Vietnam War.

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The Unintended Consequences of Stock Options - CBS News

Why register for MyJSTOR? Access supplemental materials and multimedia. Unlimited access to purchased articles. Ability to save and export citations. Custom alerts when new content is added. Subscribe to JPASS Monthly Plan. Abstract We unpack the concept of managerial risk taking, distinguishing among three of its major elements: We then apply our framework in hypothesizing the effects of CEO stock options on strategic behavior and company performance.

We find that CEO stock options engender high levels of investment outlays and bring about extreme corporate performance big gains and big losses , suggesting that stock options prompt CEOs to make high-variance bets, not simply larger bets. Finally, we find that option-loaded CEOs deliver more big losses than big gains. JSTOR Home About Search Browse Terms and Conditions Privacy Policy Cookies Accessibility Help Contact Us.

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