Resource title

The Value and Incentives of Option-based Compensation in Danish Listed Companies

Resource image

image for OpenScout resource :: The Value and Incentives of Option-based Compensation in Danish Listed Companies

Resource description

AbstractOver the last decade the Danish corporate environment has experienced a significant increase inthe use of option-based compensation (OBC). This and many other facts are documented in the presentpaper which provides the first insights into the characteristics of the option and warrant contracts issuedby the complete sample of Danish companies listed on the Copenhagen Stock Exchange.A newly constructed database containing all publicly available information on details of DanishOBC contracts allows us to present, for example, results regarding contract values at an aggregated aswell as at firm, personnel group, and individual level. The paper also contains a section which discussesand presents evidence on the incentive effects provided by the option-based compensation contractsadopted by Danish listed companies.

Resource author

Ken L. Bechmann, Peter Løchte Jørgensen

Resource publisher

Resource publish date

Resource language

eng

Resource content type

application/pdf

Resource resource URL

http://hdl.handle.net/10398/7150

Resource license

Check the according license before adaptation. When adapting give credits to the original author.