Broad-based stock options: before and after the market downturn

被引：4
|
作者：
Sesil, James C.
Kroumova, Maya K.
机构：
[1] Rutgers State Univ, Sch Management & Labor Relat, Piscataway, NJ 08854 USA
[2] New York Inst Technol, Sch Management, New York, NY 10023 USA
来源：
INTERNATIONAL JOURNAL OF HUMAN RESOURCE MANAGEMENT | 2007年 / 18卷 / 08期
关键词：
broad-based stock options; firm size; free-rider problem; line of sight; market downturn; MANUFACTURING PERFORMANCE; OWNERSHIP; PRODUCTIVITY; SYSTEMS; COSTS; FIRM;
D O I：
10.1080/09585190701502596
中图分类号：
C93 [管理学];
学科分类号：
12 ; 1201 ; 1202 ; 120202 ;
摘要：
We examine labour productivity in small, medium and large firms that broadly distribute stock options under starkly different market conditions - during the bull ( 1995 - 7) and bear ( 2000 - 2) stock markets. We find greater labour output in both upward and downward markets in all firm size categories, with the exception of small firms in a declining market, where the productivity is also greater, but the statistical significance of the result is weak.
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页码：1471 / 1485
页数：15
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