search query: @author Larcker, D. F. / total: 32
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| Author: | Ittner, C. D. Lambert, R. A. Larcker, D. F. |
| Title: | The structure and performance consequences of equity grants to employees of new economy firms |
| Journal: | Journal of Accounting & Economics
2003 : JAN, VOL. 34:1-3, p. 89-127 |
| Index terms: | Management accounting Stock options Performance management Incentives |
| Language: | eng |
| Abstract: | The authors find that the determinants of equity grants are significantly different in new versus old economy firms. They also find that employee retention objectives, which new economy firms rank as the most important goal of their equity grant programs, have a significant impact on new hire grants, but not subsequent grants. The exploratory performance tests indicate that lower than expected grants and/or existing holdings of options are associated with poorer performance in subsequent years. |
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