Query Result Set
Skip Navigation Links
   ActiveUsers:1504Hits:20943769Skip Navigation Links
Show My Basket
Contact Us
IDSA Web Site
Ask Us
Today's News
HelpExpand Help
Advanced search

  Hide Options
Sort Order Items / Page
BLACK-SCHOLES MODEL (1) answer(s).
 
SrlItem
1
ID:   077189


Incentive and Dilution Effects of Employee Stock Bonuses and St: Evidence from Taiwan / Chen, Miao-Ling   Journal Article
Chen, Miao-Ling Journal Article
0 Rating(s) & 0 Review(s)
Publication 2007.
Summary/Abstract Employee stock bonuses (ESBs) and employee stock options (ESOs) are the means for high-technology companies in Taiwan to reward their employees. This research connects the Ohlson (1995) model and Linear Structural Relations (LISREL) model to investigate these effects of ESBs and ESOs, respectively, for a sample of high-technology companies in Taiwan. I generate two empirical generalizations. (1) The incentive effects of ESBs are significantly associated with performance, thus enhancing firm value; in addition, the incentive effects of ESBs are greater than the dilution effects. (2) The incentive effects of ESOs are also significantly associated with performance, whereas the dilution effects of ESOs are insignificant. Although evidence supports the incentive effects of providing ESOs and ESBs, it is debatable whether ESOs and ESBs dilute shareholders' equity
        Export Export