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We use empirical analysis to analyze company characteristics associated with the adoption and maintenance of broad‐based stock option plans. First, a cross‐sectional analysis evaluates what company characteristics are now associated the incidence of such plans. Second, a longitudinal analysis examines the company characteristics that predict the adoption of such plans. Our results show that firms with higher levels of intellectual capital and capital intensity are more likely to adopt and maintain employee stock option plans. 相似文献
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很少有人在意,一张光盘是进口设备还是国产设备生产的,但有人很在意;很少有人能攻克光盘生产的精密注塑这一世界顶级技术,但有人做到了……而这一切对于成就第一条国产光盘生产线来说,也许还仅仅是开始。 相似文献
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This paper presents a model in which safe assets are systemic because they are the medium of exchange in risky assets. It connects the literature from banking and finance on safe assets to the monetary literature on alternative monetary systems involving commodity money, interest bearing money, and private money creation. Because safe assets have intrinsic value, changes in their supply lead to changes in market efficiency. Additionally, because safe assets are costly to produce, there is overproduction of safe assets relative to the social optimum. When the model is calibrated to plausible liquidity premiums the resulting inefficiencies are not large. 相似文献
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