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Costs and Incentive Effects of Stock Option Repricing: Dissertationsschrift (Europäische Hochschulschriften / European University Studies / Publications Universitaires Européennes, Band 3049) - Softcover

Neubauer, Ulrike

 
9783631524015: Costs and Incentive Effects of Stock Option Repricing: Dissertationsschrift (Europäische Hochschulschriften / European University Studies / Publications Universitaires Européennes, Band 3049)
Softcover
ISBN 10: 3631524013 ISBN 13: 9783631524015
Verlag: Peter Lang GmbH, Internationaler Verlag der Wissenschaften, 2004

Inhaltsangabe

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.

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Verlag
Peter Lang GmbH, Internationaler Verlag der Wissenschaften
Erscheinungsdatum
2004
Sprache
Englisch
ISBN 10 
3631524013
ISBN 13 
9783631524015
Einband
Taschenbuch
Auflage
1
Anzahl der Seiten
222
Kontakt zum Hersteller
preigu GmbH & Co. KG
mail@preigu.de

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