Managerial Incentives and Stock Options

Author: Xie Deren
Publisher:
Publish Date: 2004-09-01
Features: This book conducts an in-depth study on executive incentives and stock options, clarifying "who are the managers of the enterprise" and delving into the (subcategories) of executive incentives and their relationships with corporate risk, among other aspects. It innovatively proposes and briefly analyzes the shareholder value creation chain, based on which it examines the performance-based foundation and selection of executive incentives. The book systematically and thoroughly discusses the empirical research design of executive stock option incentives, reviewing the empirical evidence. It also summarizes the mysteries and relevant interpretations of executive stock option practices in the United States. Additionally, the book conducts an in-depth study on the accounting treatment of executive stock options, innovatively proposing and arguing for the "profit distribution perspective."