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dc.contributor.authorHess, Dieter E.en
dc.contributor.authorLüders, Eriken
dc.date.accessioned2009-02-16T14:54:59Z-
dc.date.available2009-02-16T14:54:59Z-
dc.date.issued2000-
dc.identifier.urihttp://hdl.handle.net/10419/24386-
dc.description.abstractSeveral studies indicate that stock option plans are becoming more and more a substantial part of compensation schemes in U.S. companies. This paper shows the tax implications and accounting rules for stock option plans. By comparison of the tax and accounting rules for different compensation schemes we show that the popularity of stock options may be mainly due to the U.S. Generally Accepted Accounting Principles (US-GAAP) which require no charge to earnings for speciffically designed stock option plans if a company opts for footnote disclosure. Thus, for these companies the stated earnings are higher than their economical situations justify. Based on a case study of 20 companies out of the S&P 500 which rely heavily on employee stock options we arrive at the conclusion that the amount of hidden compensation cost can reach economically signifficant amounts. Since this topic seems to be widely neglected it is questionable whether stock prices reflect these hidden cost.en
dc.language.isoengen
dc.publisher|aZentrum für Europäische Wirtschaftsforschung (ZEW) |cMannheimen
dc.relation.ispartofseries|aZEW Discussion Papers |x00-39en
dc.subject.jelG0en
dc.subject.jelM41en
dc.subject.ddc330en
dc.subject.keywordAccountingen
dc.subject.keywordUS-GAAPen
dc.subject.keywordstock option programsen
dc.subject.stwLeistungsorientierte Vergütungen
dc.subject.stwAktienoptionen
dc.subject.stwSteueren
dc.subject.stwBilanzierungen
dc.subject.stwGrundsätze ordnungsmäßiger Buchführungen
dc.subject.stwVerdeckte Gewinnausschüttungen
dc.subject.stwUSAen
dc.subject.stwhidden compensationen
dc.titleNew economy accounting : why are broad-based stock option plans so attractive?-
dc.typeWorking Paperen
dc.identifier.ppn855602589en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:zewdip:5322en

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