Artikel
Why new ventures grant employee-stock-options
As of 1998, nine percent of the shares of all firms in the US, primarily young and small ones, have been owned, essentially by about 17 million employees. The recent trend of new ventures to grant company-wide stock options plans is an alignment of the interests of management, shareholders, and non-managerial employees. This paper empirically explores the hypothesis that company-wide stock options plans primarily serve the interests of the firm.s management. This is true, whether or not, management owns a stake in the firm.s equity, though the degree of his or her motivation varies depending on the size of his/her stake in the firm.s equity. The paper unambiguously disproves the view that grants of employee stock options are meant to ease cash flow strains for small young firms.
- Sprache
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Englisch
- Erschienen in
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Journal: Journal of Entrepreneurial Finance, JEF ; ISSN: 1551-9570 ; Volume: 7 ; Year: 2002 ; Issue: 2 ; Pages: 83-103 ; Montrose, CA: The Academy of Entrepreneurial Finance (AEF)
- Klassifikation
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Management
- Ereignis
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Geistige Schöpfung
- (wer)
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Kraizberg, Elli
Gargalas, Vassilios N.
- Ereignis
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Veröffentlichung
- (wer)
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The Academy of Entrepreneurial Finance (AEF)
- (wo)
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Montrose, CA
- (wann)
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2002
- Handle
- Letzte Aktualisierung
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10.03.2025, 11:42 MEZ
Datenpartner
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Objekttyp
- Artikel
Beteiligte
- Kraizberg, Elli
- Gargalas, Vassilios N.
- The Academy of Entrepreneurial Finance (AEF)
Entstanden
- 2002
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