Investment Opportunities and the Relation between Equity Value and Employees' Bonus
A sample of firms where employee stock options and other long-term incentives are absent but an annual bonus is required is examined. A positive relation is found between firm equity value and stock bonus but not cash bonus. The positive relation is stronger when the firm has greater investment oppo...
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| 格式: | text |
| 語言: | English |
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Institutional Knowledge at Singapore Management University
2003
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| 在線閱讀: | https://ink.library.smu.edu.sg/soa_research/624 http://dx.doi.org/10.1111/1468-5957.05346 |
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