| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5089113 | Journal of Banking & Finance | 2013 | 18 Pages |
Abstract
⺠The common practice of granting traditional stock options is suboptimal. ⺠Firms are better off linking incentive pay to average stock prices. ⺠Asian stock options are more cost effective than traditional stock options. ⺠Asian stock options also provide stronger incentives to increase stock price. ⺠The benefit of averaging is achieved with little impact on risk incentives.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Yisong S. Tian,