Share Issues and Repurchases, Stock Option Plans, and Managerial Timing

The rapid use of technology companies in the 1990s increased the widespread use of some financial management tools, like stock-related transactions. These processes are not well investigate and their explanation in terms of financial theories is not advanced. Similarly, our understanding of the optimal financial management of large modern companies is incomplete. The objective of this paper is to highlight some potential research extensions in areas such as determinans of stock issue and repurchase activity, tock option plan management and interaction between corporate managers and speculative investors.