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| Tekijä: | Chen, C-Y. |
| Otsikko: | Investment opportunities and the relation between equity value and employees' bonus |
| Lehti: | Journal of Business Finance and Accounting
2003 : SEP/OCT, VOL. 30:7/8, p. 941-973 |
| Asiasana: | Agency theory Compensation Employee benefits Incentives Investment Stock options |
| Kieli: | eng |
| Tiivistelmä: | 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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