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Investing Glossary:
Shadow stock
Copyright 2012,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
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| Definition: |
| First, a public Company may create a Stock that strips Out the Market wide movements for the purpose of rewarding managers. That is, the Management might have done a great job - but the traded stock plummets because The Market as a whole plummets. A second interpretation of Shadow stock is a phantom stock that is created by a private company (i.e. that does not have stock traded either on Exchange or over the counter) again for the purpose of Performance evaluation and rewards.
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