The economic consequences of compensating employees with tradable securities and its implications for disclosure
There is little economic theory that supports designing compensation packages to include a market-traded component. Any contract based on tradable securities can potentially be replicated with non-tradable securities that would give the employer tighter control on the incentives and trading activiti...
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London School of Economics and Political Science (University of London)
2007
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| Online Access: | http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.445275 |