Tiscini, Riccardo; Raoli, Elisa - In: Journal of Family Business Strategy 4 (2013) 2, pp. 93-105
In this study, we propose an original explanation, which is an alternative to “optimal contracting theory” and “rent extraction theory”, for the use of stock option plans (SOPs) in family firms. This explanation is based on a classification of the private benefits of control, which...