Niemann, Rainer; Simons, Dirk - 2002
contrast, the tax influence on the benefits of a SOP remains widely unperceived. This article deals with both cost and benefit …. Deriving the optimal quantity of options to be granted and the optimal exercise price to be set, resulting profits for managers … and shareholders can be quantified. Comparing the results in a tax-free world to the results taking into account different …