Costs and Incentive Effects of Stock Option Repricing
87,10 €*
Sofort verfügbar, Lieferzeit: 1-3 Tage
Produktnummer:
9783631524015
Does repricing of executive stock options, i.e. the practice of lowering the exercise price when options are out-of-the-money unfairly reward managers for poor performance and thereby undermine incentives set by the compensation contract? In a study that compares the pay package containing repriced option with an otherwise adjusted package it is shown that repricing is not more expensive to shareholders than otherwise adjusting non-option compensation components. However, the package containing repriced options provides significantly stronger incentives. Furthermore, a policy that constrains the board of directors from repricing does not have significant effects on shareholders' returns.
| Autor: | Neubauer, Ulrike |
|---|---|
| EAN: | 9783631524015 |
| Sprache: | Englisch |
| Seitenzahl: | 219 |
| Produktart: | kartoniert, broschiert |
| Verlag: | Peter Lang |
| Schlagworte: | Betriebswirtschaft Corporate Governance Führungskraft Option Stock USA |
| Größe: | 210 × 148 × 13 |
| Gewicht: | 320 g |
