Answers are grounded in this paper and cite their sources.
Richard A. Lambert, William N. Lanen, David F. Larcker, Executive Stock Option Plans and Corporate Dividend Policy, The Journal of Financial and Quantitative Analysis, Vol. 24, No. 4 (Dec., 1989), pp. 409-425
No takes yet. Share an insight, caveat, or question.
Lambert et al. (1989) studied this question.
Synapse has enriched 10 related papers. Consider them for comparative context: