Executive compensation and firm performance in New Zealand: The role of employee stock option plans

We examine the role of employee stock option plans (ESOPs) in mitigating agency problems in New Zealand firms. We find that ESOPs have a significant and positive effect on firm performance relative to their non-ESOP counterparts. This relation appears within a year from the first ESOP announcement,...

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Bibliographic Details
Main Authors: DING, David K., CHEA, Ya Eem
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2021
Subjects:
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/6995
https://ink.library.smu.edu.sg/context/lkcsb_research/article/7994/viewcontent/Executive_Compensation_and_Firm_Performance_in_New_Zealand.pdf
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Institution: Singapore Management University
Language: English