Flights of fancy: Corporate jet use by the CEOs

What was the name of the accounting regulations pact in 2002?

• Fama

• Basel II

• Sarbanes-Oxley

• IFRS 16

What personal characteristic contributed the most to jet use?

• Golf Membership

• Age

• Years as CEO

• Member of the Founding Family

On average, by how much does the company stock decrease after the disclosure of jet use by the CEO

• 1.5%

• 2%

• 1.1%

• 0.7%

In order to be considered for the study, in what list did the company have to be included?

• S&P 500

• Fortune 500

• Fortune 200

• Time 100

What is the threshold for the disclosure of perquisites on the SEC statements

• $100,000

• $75,000

• $1,000,000

• $50,000

Can Fama's theory on compensation be supported by our model?

• Yes

• No

What is another perquisites that could be considered in future studies

• Cars

• Stock options

• Sports Events

• Real Estate

If institutional ownership is high, personal jet use tends to be higher

• True

• False

Can you see a clear difference between a personal and business jet?

• Yes

• No