Markets; Study: expensing doesn't hurt stock.

• Author: Marshall, Jeffrey
• Position: BusinessBriefs - Brief Article

Just as the Financial Accounting Standards Board (FASB) issued its exposure draft on stock option expensing, Towers Perrin released its findings of an event study that shows that a company's decision to expense stock options has no impact on stock price. The Towers Perrin study includes 335 companies that have elected to reflect option expense on their income statements. Tracking share prices...