haku: @indexterm accounting principles / yhteensä: 291
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| Tekijä: | Guay, W. Kothari, S. P. Sloan, R. |
| Otsikko: | Accounting for Employee Stock Options |
| Lehti: | American Economic Review
2003 : MAY, VOL. 93:2, p. 405-409 |
| Asiasana: | STOCK OPTIONS SHARE INCENTIVE SCHEMES USA COMPANIES ACCOUNTING PRINCIPLES |
| Kieli: | eng |
| Tiivistelmä: | Employee stock options (ESO's) are a ubiquitous form of compensation in corporate America. By the late 1990's, ESO's outstanding at large corporations averaged 7% of total outstanding shares, with top executives holding approximately 1/3 of total ESO's. The authors suggest that corporate and political pressures should not determine ESO accounting rules. ESO's are key component of top executive compensation that serve useful contracting functions. The goal of accounting is not to distort financial performance to subsidize particular business activities. Accounting should reflect the true costs of doing business, and labor acquired through ESO grants is a real economic cost that firm should deduct from earnings as an expense. |
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