Are Stock Options the Managers Blessing?- Stock Option Compensation and Institutional Controls

Stock option grants to top managers have largely contributed to the dramatic increase in US executive pay in recent years. In this paper it is argued that stock options, compared to other forms of compensation, have created strong incentives for managers to engage in lobbyingactivities for higher compensation ...

MoreLess

Year of publication:	2001-04-09
Authors:	Benz, Matthias ; Kucher, Marcel ; Stutzer, Alois
Publisher:	Institut für Empirische Wirtschaftsforschung <Zürich>
Subject:	Aktienoption \| Management Auditing

More details

Extent:	565248 bytes 29 p. application/pdf
Series:	Universität Zürich - Institut für Empirische Wirtschaftsforschung - Publikationen Working Paper Series ; 61 (2001)
Type of publication:	Book / Working Paper
Language:	English
Classification:	G3 - Corporate Finance and Governance ; J3 - Wages, Compensation, and Labor Costs ; L2 - Firm Objectives, Organization, and Behavior ; M1 - Business Administration ; Theory of organisation ; Individual Working Papers, Preprints ; USA
Source:	USB Cologne (business full texts)

Persistent link: https://www.econbiz.de/10005846432