The rise and fall of executive share options in Britain

摘要: A useful way in which to examine the British approach top executive pay is through use made of share options as a component package. In marked contrast with developments USA, institutional investors have taken leading role conditioning type package that possible for Britain’s executives. This intervention can be seen initially an expansion but more recently decline their use. general, it far from clear such has been particularly productive. paper attempts trace these and, using actual histories 62 FTSE-100 companies, offers empirical evaluation effectiveness option-based incentive packages vs. favored share-based packages.