search query: @author Chen, C-Y. / total: 2
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| Author: | Chen, C-Y. |
| Title: | Investment opportunities and the relation between equity value and employees' bonus |
| Journal: | Journal of Business Finance and Accounting
2003 : SEP/OCT, VOL. 30:7/8, p. 941-973 |
| Index terms: | Agency theory Compensation Employee benefits Incentives Investment Stock options |
| Language: | eng |
| Abstract: | This study examines a sample of companies where employee stock options and other long-term incentives are absent but an annual bonus is required. It finds a positive relation between company equity value and stock bonus but not cash bonus. The positive relation is stronger when the company has greater investment opportunities. |
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