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EVOLUTION ET EFFETS INCITATIFS DES STOCK-OPTIONS : LE CAS DES DIRIGEANTS DU CAC40

Sousse, Elmarzougui Abdelaziz Isg; Arouri, Mohamed El Hedi - HAL - 2008

Cet article étudie l'évolution et les effets incitatifs des stock-options attribuées aux dirigeants de dix-huit entreprises du CAC40 entre 1994 et 2003. Une base de données portant sur 184 plans d'attribution de stock-options par ces entreprises est utilisée afin de suivre l'évolution et...

Persistent link: https://www.econbiz.de/10008793488

Optimal Preventive Bank Supervision: Combining Random Audits and Continuous Intervention

Belhaj, Mohamed; Klimenko, Nataliya - HAL - 2012

Early regulator interventions into problem banks is one of the key suggestions of Basel II. However, no guidance is given on their design. To fill this gap, we outline an incentive-based preventive supervision strategy that eliminates bad asset management in banks. Two supervision techniques are...

Persistent link: https://www.econbiz.de/10010933829

Piecework versus merit pay: a Mean Fi eld Game approach to academic behavior

Besancenot, Damien; Courtault, Jean-Michel; Dika, Khaled El - HAL - 2011

This paper applies the Mean Fi eld Game approach pioneered by Lasry and Lions (2007) to the analysis of the researchers' academic productivity. It provides a theoretical motivation for the stability of the universaly observed Lotka's law. It shows that a remuneration scheme taking into account...

Persistent link: https://www.econbiz.de/10010929096

IPPP - Risks and opportunities An economic perspective

Brux, Julie De; Marty, Frédéric - HAL - 2014

This article analyzes some of the issues raised by institutionalized public-private partnerships in an economic perspective. We demonstrate that although they may address some of the main limits of purely contractual public-private partnerships, such as the issues of control, know-how transfer,...

Persistent link: https://www.econbiz.de/10010930091

Incentives from stock option grants: a behavioral approach

Bahaji, Hamza - HAL - 2011

This paper examines the incentives from stock options for loss-averse employees subject to probability weighting …, the model predicts that incentives are maximized for strike prices set around the stock price at inception. This finding … accommodating their existence. The paper also examines the relationship between risk taking incentives and stock options and finds …

Persistent link: https://www.econbiz.de/10010538937

EMPLOYEE STOCK OPTIONS INCENTIVE EFFECTS: A CPT-BASED MODEL

Bahaji, Hamza - HAL - 2011

Persistent link: https://www.econbiz.de/10010538938

Incentives from stock option grants: a behavioral approach

Bahaji, Hamza - HAL - 2011

This paper examines the incentives from stock options for loss-averse employees subject to probability weighting … incentives are maximized for strike prices set around the stock price at inception. This finding is consistent with companies … examines the relationship between risk taking incentives and stock options and finds that an executive who is subject to …

Persistent link: https://www.econbiz.de/10010539641

EMPLOYEE STOCK OPTIONS INCENTIVE EFFECTS: A CPT-BASED MODEL

Bahaji, Hamza - HAL - 2011

Persistent link: https://www.econbiz.de/10009295308

The Economics of Recycling In France: Institutional Framework And Technological Adoption

Godard, Olivier; Defeuilley, Christophe - HAL - 1997

. Nevertheless, this optimal utilisation is lessened by weak or even negative incentives which may lead to a sub-optimal equilibrium …

Persistent link: https://www.econbiz.de/10009372638

Self-selection and the Efficiency of Tournaments

Eriksson, Tor; Teyssier, Sabrina; Villeval, Marie Claire - HAL - 2009

The literature has shown that the overall efficiency of exogenously imposed tournaments is reduced by a high variance in performance. This paper reports results from an experiment analyzing whether allowing subjects to self-select into different payment schemes is reducing the variability of...

Persistent link: https://www.econbiz.de/10009401083