CHANCE HAS CO-AUTHORED PAPER ACCEPTED FOR PUBLICATION IN THE QUARTERLY JOURNAL OF FINANCE October 28, 2011

– Don Chance, the James C. Flores Endowed Chair of MBA Studies and a professor in the LSU Department of Finance, and Tung-Hsiao Yang, LSU Ph.D. alumnus, recently had a paper accepted for publication in the Quarterly Journal of Finance.

The paper, “The Tradeoff between Compensation and Incentives in Executive Stock Options,” includes a model that evaluates the portion of the value of a stock option designated to compensation and the portion that represents incentives to shareholders. According to the paper’s abstract, estimates from a 14-year period show that the median stock option contains $1.08 of incentives for every $1.00 of compensation.

The Quarterly Journal of Finance publishes high-quality papers in all areas of finance, including corporate finance, asset pricing, financial econometrics, international finance, macro-finance, behavioral finance, banking and financial intermediation. Among its other included topics are capital markets, risk management and insurance, corporate governance and compensation, investments and entrepreneurial finance.

The Department of Finance at LSU’s E. J. Ourso College of Business is both a CFP Board-Registered Program and a CFA Program Partner offering high quality curricula for undergraduate and graduate students interested in careers in corporate finance, asset management, real estate, insurance, banking, financial planning and business law. Aiming to create exciting educational opportunities for its students, the department employs tools such as the Securities Markets Analysis Research and Trading (SMART) Lab. This 44-station simulated interactive trading floor enables students to gain practical experience in the fast-paced world of securities analysis, research and trading. Additionally, the Department of Finance encourages, supports and conducts research in real estate by housing the nationally renowned Real Estate Research Institute. For more information, visitwww.bus.lsu.edu/finance, call 225-578-6291, or email finance.lsu.edu.

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