文章基本信息

标题：Stock-options and the performance of CAC40 listed companies
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作者：Aziz El Marzougui Abdelaziz El Marzougui Abdelazi ; Amine Lahiani ; LANOUAR CHARFEDDINE 等
期刊名称：International Journal of Economics and Finance
印刷版ISSN：1916-971X
电子版ISSN：1916-9728
出版年度：2010
卷号：3
期号：1
页码：218
DOI：10.5539/ijef.v3n1p218
出版社：Canadian Center of Science and Education
摘要：This paper analyses two main issues. First, the determinants of the top-executives compensation of the CAC40s’ listed firms. Second, the impact of the equity-based compensation on the firm market and accounting performance. Our results show that stock-options grant for CAC40s’ top-executives are uncorrelated with its determinants and have no impact on the firm performance over the period of analysis. These results support the theoretical approach of the managerial power and entrenchment.