Sautner, Zacharias; Weber, Martin - Sonderforschungsbereich 504 "Rationalitätskonzepte, …; … - 2005
Employee stock options (ESOs) are a widespread and economically highly significant phenomenon, both at the company and at the employee level. Stock options are not only relevant for CEOs, but also and increasingly for managers at lower grades in a corporation. Despite its economic importance,...