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Opinions on options : discordant incentives and desultory disclosure

Please use this identifier to cite or link to this item: http://hdl.handle.net/1959.14/38092

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Title: Opinions on options : discordant incentives and desultory disclosure
Related: Journal of law and financial management, Vol. 2, Issue 1, p.7-13
Related: http://www.austlii.edu.au/au/journals/JLFM/2003/2.html
Related: http://www.mgsm.edu.au/wps/wcm/connect/089968804752566c9cc49eb3c740ffcc/JLFM_Carlin-Ford.pdf?MOD=AJPERES&CACHEID=089968804752566c9cc49eb3c740ffcc
Publisher: Macquarie Graduate School of Management
Date: 2003
Author/Creator: Carlin, Tyrone M
Author/Creator: Ford, Guy
Description: In this paper we examine the controversy which has surrounded options awarded to executives as a component of their overall remuneration. We argue that many of the claims advanced in favour of the use of options schemes by employer corporations are fl awed. In particular, we suggest that the alleged incentive alignment effects of granting options to executives either do not manifest themselves as strongly in practice as might be expected in theory, or are undermined by other factors, which we set out in this article. Further, we are critical of the view that the current status quo financial reporting treatment of options granted to employees in lieu of cash or other forms of remuneration is appropriate or able to be justified as a matter of principle. We discuss our preferred alternative treatments and advance a case as to why we believe that they would represent a more appropriate means of accounting for options than current prevailing practice.
Description: 7 page(s)
Resource Type: Journal Of Law And Financial Management Collection
Resource Type: journal article
Organisation: Macquarie University. Macquarie Graduate School of Management

Identifier: http://hdl.handle.net/1959.14/38092
Identifier: ISSN:1446-6899
Identifier: mq-rm-2003017615
Language: eng
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