18.7. The tendency of firms to use stock-based compensation is higher for firms with higher market-to-book ratios.

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18.7. The tendency of firms to use stock-based compensation is higher for firms with higher market-to-book ratios. Provide two explanations for this empirical observation.

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Financial Markets And Corporate Strategy

ISBN: 9780071157612

2nd Edition

Authors: Mark Grinblatt, Sheridan Titman

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Question Posted: Jul 23, 2024 09:01 AM

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18.7. The tendency of firms to use stock-based compensation is higher for firms with higher market-to-book ratios.

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Financial Markets And Corporate Strategy

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