International Journal of Financial Management and Economics
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E-ISSN: 2617-9229|P-ISSN: 2617-9210
International Journal of Financial Management and Economics
Printed Journal   |   Refereed Journal   |   Peer Reviewed Journal
Vol. 8, Issue 1 (2025)

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.
Pages : 57-61 | 92 Views | 48 Downloads


International Journal of Financial Management and Economics
How to cite this article:
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
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