Employee Stock Options in Germany

Langue : anglais

Edité par Diplom.De Okt 2003, 2003

3838672984 / 9783838672984

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This item is printed on demand - Print on Demand Titel. Neuware -Inhaltsangabe:Abstract:Companies located all around the world increasingly utilize stock options as a means of compensation for employees. Despite their widespread use it is still unknown why employee stock option plans are adopted, how their effectiveness is defined, and what influences their effectiveness. This master s thesis reports on an exploratory study undertaken on a sample of employees of the German IT company Network Appliance GmbH intended to answer exactly these questions.The aim of this study was to explore in an in-depth, descriptive fashion, the perspectives of employees receiving stock options as part of their compensation as they are as participants in the process - best situated to provide insights into the practical implications on the use and effectiveness of employee stock options. The qualitative methodology of the study allowed for the opinions and experiences of the employees to be heard and a rich picture of their perceptions on employee stock options was attained. The qualitative content analysis revealed a number of goals, which are associated with employees perceptions on why employee stock options are a part of their compensation, and which factors influence these goals effectiveness. An exploratory model of the use and effectiveness of employee stock options has been deducted from these findings, which enables managers and researchers to obtain a better understanding of this means of compensation.Even though research on compensation structures is typically explained by agency theory, the findings of this thesis suggest that no single theory provides a comprehensive explanation of the use and effectiveness of ESOs. Although the existence of a gap between employee and shareholder interests may lead some companies to adopt an employee stock option plan as suggested by agency theory, it is unlikely to be the only reason. Reality seems to be more complex than anticipated by guiding theory in this stream of research, therefore this study suggests that several theoretical frameworks complementing each other, such as human resource management, social exchange, tournament, social comparison, expectancy, managerial discretion, an institutional theory, are needed to fully grasp the use and effectiveness of employee stock options.Inhaltsverzeichnis:Table of Contents:Management SummaryIIReferencesIIITable of ContentsVIII1.Introduction11.1Introduction11.2Problem indication11.3Problem21.4Research [¿]Diplomica Verlag, Hermannstal 119k, 22119 Hamburg 92 pp. Englisch.…

N° de réf. du vendeur 9783838672984

Titre
Employee Stock Options in Germany
Auteur
Nadia Dirks
Éditeur
Diplom.De Okt 2003
Année de publication
2003
État de l'article
Neu
Reliure
Taschenbuch
Langue
anglais
ISBN à 10 chiffres
3838672984
ISBN à 13 chiffres
9783838672984
Poids de l'article
146 grammes
Dimensions
210x148x7 mm

buchversandmimpf2000

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