Using novel data on employee stock purchase plans (ESPPs), we show that aggregate purchases of company stock by lower … a source of capital, accounting issues related to expensing of equity-based compensation, and disclosure policy …

This paper examines how shared capitalism compensation systems - those that link employee pay to company performance … - affect diverse employee outcomes. It uses two data sets: the national GSS survey that provides a broad representative view of …

stock price minus the exercise price. This simple model implies the hazard describing employee exercise behavior reveals … identified with data on multiple option grants per employee and we apply this model to the disposition of options received in the …