Mäkinen, Mikko (contributor) - 2007
technical
inefficiency.
KEYWORDS: stochastic frontier, technical inefficiency, production function, stock
options …
JEL-codes: C3, J3, M5
1. Introduction
During the 1990s, stock options became an increasingly popular compensation … method in
many countries (e.g. Murphy, 1999). Initially, stock options were typically allocated only
to executives
1
, but …