Employee Share Options and Firm Performance: A Case Study of 2 Companies Listed in Malaysia - Couverture souple

Rao, Mahandra; Sang Long, Choi

Couverture souple

ISBN 10 : 3846583952 ISBN 13 : 9783846583951

Editeur : LAP LAMBERT Academic Publishing, 2012

Synopsis

The impact of employee share option schemes (ESOs) on the performance of two companies of differing sizes, listed on the Stock Exchange in Malaysia,were studied. ESOs is supposed to align the interest of owners and managers and hence improve corporate perforamnce. However, the results indicate that deterioration in financial performance was not arrested by ESOs and the smaller firm experienced a greater deterioration. The alignment of interest theory may not be applicable as the majority owners are also the managers. This study concludes that ESOs do not motivate employees and thus the objectives were not fulfilled and that the main beneficiaries are the majority owners/managers and the losers are the minority shareholders.

A propos du livre

À propos de l'auteur

The main author, Mr Mahandra Rao, is a Chartered Accountant by profession and has a varied experience of more than 27 years in audit, manufacturing and education services sectors in Malaysia. He obtained his basic degree in the sciences and went on to take up a professional course in Accountancy and recently completed his MBA.

Détails de l'édition

• Éditeur: LAP LAMBERT Academic Publishing
• Date d'édition: 2012
• Langue: anglais
• ISBN 10: 3846583952
• ISBN 13: 9783846583951
• Reliure: Broché
• Nombre de pages: 80
• Coordonnées du fabricant: non disponible
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