000			01179nam a22001697a 4500
008			190311b xxu||||| |||| 00| 0 eng d
022			_a0304-405X
245			_aTaxation and executive compensation: Evidence from stock options / by Andrew Bird _cAndrew Bird
260			_aAmsterdam _bElsevier _cFebruary 2018
300			_aPages 285-302
440			_aJournal of Financial Economics _v127 (2) _x0304-405X
500			_aAbstract Understanding the effects of taxes on executive compensation provides insight into the process determining this compensation and is a key input to top income tax rate policy. A 2010 tax reform in Canada, which greatly increased the effective tax rate on stock option compensation for a subset of firms, provides a natural experiment with which to address this issue. Difference-in-differences estimates suggest that this tax increase resulted in an immediate reduction in both stock option grants and the fraction of total compensation made up of stock options with limited, if any, substitution towards other components of compensation.
690			_aExecutive compensation
690			_aTaxation
690			_aStock options
942			_2lcc _cSE
999			_c361335 _d361335