haku: @author Murphy, K. / yhteensä: 8
viite: 2 / 8
| Tekijä: | Hall, B. Murphy, K. |
| Otsikko: | Optimal exercise prices for executive stock options |
| Lehti: | American Economic Review
2000 : MAY, VOL. 90:2, p. 209-214 |
| Asiasana: | ECONOMICS STOCK OPTIONS PRICES |
| Kieli: | eng |
| Tiivistelmä: | Stock options, which give the recipient the right to buy a share of stock at a prespecified 'exercise' price for a prespecified term, have emerged as the single largest component of compensation for U.S. executives. In fiscal year 1998, the grant-date value of stock options accounted for 40 percent of total pay in 1992. Stock options have become increasingly important for rank-and-file workers as well: 45% of U.S. companies awarded options to their exempt salaried employees in 1998, while 12 percent awarded options to their nonexempt and hourly employees. |
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