Top management stock options and fraudulent financial reporting: A comparative analysis of the three primary corporate governance models identified in global capital markets
Nikhil D Jonathan
Purpose: This study aims to investigate the relationship between CEO stock options and fraudulent financial reporting across different corporate governance models globally.
Study Design / Methodology / Approach: A comparative study approach is adopted, analysing data from companies operating under Anglo-Saxon, Euro/Continental, and Asian/Japanese corporate governance models. Both qualitative and quantitative methods are employed.
Findings: The study finds significant differences in the impact of CEO stock options on fraudulent financial reporting across the three governance models. The Anglo-Saxon model shows a higher incidence of fraud linked to stock options compared to the Euro/Continental and Asian/Japanese models.
Originality / Value: This research provides valuable insights into how different corporate governance structures influence the effectiveness and risks associated with CEO stock options, contributing to policy and governance reforms.
Nikhil D Jonathan. Top management stock options and fraudulent financial reporting: A comparative analysis of the three primary corporate governance models identified in global capital markets. Int J Finance Manage Econ 2025;8(1):57-61. DOI: 10.33545/26179210.2025.v8.i1.450