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Broad-Based Stock Options
James C. Sesil
其他書名
Before and after the Market Downturn
出版
SSRN
, 2005
URL
http://books.google.com.hk/books?id=IbbZzgEACAAJ&hl=&source=gbs_api
註釋
We examine labor productivity in small, medium, and large firms that broadly distribute stock options under starkly different market conditions - during the bull (1995-1997) and bear (2000-2002) stock markets. We find greater labor output in both upward and downward markets in all firm size categories, with the exception of small firms in a declining market, where the productivity is also greater, but the statistical significance of the result is weak.
