股票期权的利弊分析及其启示

Analyzingtheadvantagesanddisadvantagesofstockoption&inspiringCorporateGovernance-1-(shareholdervalue)150089%112001-2-290IncentiveCompatibility34BechowSloanMurphy-3-5199845%199410%382%6%9%14%6%10%560643651998CEO36%50026.7%CEO1.4%CEO-4-121980421992157419198610199232RalahLarsen19986947668499%JackWelch19982.796%4%19985765.7eBay45+10+30+50eBay18090002090-5-3199850%199845199520002.5%45-6-1290CEO1520002001731-7-2CEOCEO200110001234FASB3-8-56291-9-222/32345-10-1998519992000200020011999BrianJ.Hall,KevinJ.Murphy,2000.StockOptionsforUndiversifiedExecutivesBrianJ.Hall,KevinJ.Murphy,2000.OptimalExercisePricesforExecutiveStockOptionsStevenHuddart,JaneSaly,1999.ValuingtheReloadFeaturesofExecutiveStockOptions20031-11-