Rapp, Marc Steffen; Schaller, Philipp; Wolff, Michael - Fakultät für Wirtschaftswissenschaften, Technische … - 2009
While in the US stock-based incentives are commonly used since the 50s of the last century, in Germany they were … incentives. In the meantime the legal environment has changed significantly and today even the German Corporate Governance Code … encourages firms to grant stock-based long-term incentives. However, examining a hand-collected unique data-set we find that even …