haku: @author Winter, S. / yhteensä: 10
viite: 4 / 10
| Tekijä: | Winter, S. |
| Otsikko: | Zur Eignung von Aktienoptionsplänen als Motivations- instrument für Manager |
| Lehti: | Schmalenbachs Zeitschrift für Betriebswirtschaftliche Forschung
1998 : VOL. 50:12, p. 1120-1142 |
| Asiasana: | STOCK OPTIONS SHAREHOLDER VALUE USA GERMANY |
| Kieli: | ger |
| Tiivistelmä: | Stock options play a major role in compensating executives and employees in the US. This practice now seems to be gaining ground in Germany, too. Proponents of option based compensation praise the ability of options to allign managers and shareholders interests. Opponents fear overpay- ment and doubt positive incentive effects that could help to improve shareholder value. In this paper the theory and empirical evidence on employee stock options is reviewed. As theory and evidence suggest the typical stock option program fails to improve shareholder value. |
SCIMA