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An examination of potential backdating of executive share option grants in South Africa
Includes bibliographical references (pages 72-77).
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| Main Author: | |
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| Other Authors: | |
| Format: | Thesis |
| Language: | English |
| Published: |
Department of Finance and Tax
2016
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| _version_ | 1867613281085030400 |
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| access_status_str | Open Access |
| author | Zheng, Fuling |
| author2 | Holman, Glen |
| author_browse | Holman, Glen Zheng, Fuling |
| author_facet | Holman, Glen Zheng, Fuling |
| author_sort | Zheng, Fuling |
| collection | Thesis |
| description | Includes bibliographical references (pages 72-77). |
| format | Thesis |
| id | oai:open.uct.ac.za:11427/19385 |
| institution | University of Cape Town (South Africa) |
| language | eng |
| last_indexed | 2026-06-10T12:33:37.862Z |
| license_str | Not specified — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UCTD — University of Cape Town Open Access Repository |
| publishDate | 2016 |
| publishDateRange | 2016 |
| publishDateSort | 2016 |
| publisher | Department of Finance and Tax |
| publisherStr | Department of Finance and Tax |
| record_format | dspace |
| source_str | UCTD — University of Cape Town Open Access Repository |
| spelling | oai:open.uct.ac.za:11427/19385 An examination of potential backdating of executive share option grants in South Africa Zheng, Fuling Holman, Glen Financial Management Includes bibliographical references (pages 72-77). This study investigates whether executives backdate share option grants to their advantage in South Africa. Using data of 175 option grants to executives among the 41 top companies in South Africa between 2001 and 2006, a pattern of negative cumulative abnormal stock returns before the grant dates but positive and increasing returns thereafter is observed. This pattern is much more pronounced for unscheduled grants. Statistical testing shows the mean cumulative abnormal returns are significantly different from zero after the grant date, but are not significantly different from zero before the grant date. The mean differences in average cumulative abnormal stock returns between pre- and post- grant periods are significantly different. The results suggest that some opportunistic behavior might have taken place around the executive option grants, including backdating. 2016-05-04T07:48:11Z 2016-05-04T07:48:11Z 2007 Master Thesis Masters MCom http://hdl.handle.net/11427/19385 eng application/pdf Department of Finance and Tax Faculty of Commerce University of Cape Town |
| spellingShingle | Financial Management Zheng, Fuling An examination of potential backdating of executive share option grants in South Africa |
| thesis_degree_str | Master's |
| title | An examination of potential backdating of executive share option grants in South Africa |
| title_full | An examination of potential backdating of executive share option grants in South Africa |
| title_fullStr | An examination of potential backdating of executive share option grants in South Africa |
| title_full_unstemmed | An examination of potential backdating of executive share option grants in South Africa |
| title_short | An examination of potential backdating of executive share option grants in South Africa |
| title_sort | examination of potential backdating of executive share option grants in south africa |
| topic | Financial Management |
| url | http://hdl.handle.net/11427/19385 |
| work_keys_str_mv | AT zhengfuling anexaminationofpotentialbackdatingofexecutiveshareoptiongrantsinsouthafrica AT zhengfuling examinationofpotentialbackdatingofexecutiveshareoptiongrantsinsouthafrica |