NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Stock Option Exercise and Gift Exchange Relationships: Evidence for a Large US Company

Peter Cappelli, Martin J. Conyon

NBER Working Paper No. 16814
Issued in February 2011

---- Acknowledgments ----

We are very grateful to the sample firm for granting access to the data used in this study. We also thank David Almeda, Iwan Barankay, Matthew Bidwell, Alex Edmonds, and Devon Pope for comments and suggestions. 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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