Stock option compensation for lower -level employees.

Title: Stock option compensation for lower -level employees.
Identifier: AAI3008881
identifier: 3008881
Creator: Weiden, Kathleen M.
Contributor: Adviser: Joseph B. Weintrop
Date: 2001
Language: English
Publisher: City University of New York.
Subject: Business Administration, Accounting
Abstract: The use of broad-based stock option plans has increased significantly during the last decade. I investigate whether firms compensate lower level employees in a manner consistent with reducing agency costs, by examining firms' use of stock options for this group of employees. I develop hypotheses about the costs of measuring behaviors or outcomes associated with firm decision hierarchies, the level and type of innovation opportunity set available to firms, firm size, task programmability, taxes and the deadweight costs of options. I find that the level of the innovation opportunity set, firm size and the deadweight financial capital costs are associated with firms' use of stock options for lower level employees. Overall, my results provide mixed support for the general hypothesis that firms use stock options to reduce agency costs.
Type: dissertation
Source: PQT Legacy CUNY.xlsx
degree: Ph.D.