NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Equity Vesting and Managerial Myopia

Alex Edmans, Vivian W. Fang, Katharina A. Lewellen

NBER Working Paper No. 19407
Issued in September 2013

---- Acknowledgements -----

We are grateful to Timur Tufail and Ann Yih of Equilar for answering numerous questions about the data, and Francesca Cornelli, Francisco Gomes, Ralph Koijen, Luke Taylor and seminar participants at LBS, Minnesota, Sydney, UNSW, UTS, and Wharton for helpful comments. Edmans gratefully acknowledges financial support from the Jacobs Levy Equity Management Center for Quantitative Financial Research and the Wharton Dean’s Research Fund. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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