L'octroi d'options sur actions aux dirigeants et la performance financière de la firme:une étude canadienne

Denis Cormier, Michel Magnan and Mahé Léna Fall ()
Additional contact information
Mahé Léna Fall: Université du Québec

Revue Finance Contrôle Stratégie, 1999, vol. 2, issue 2, pages 25-49

Abstract: The purpose of this study is to investigate two issues regarding the relation between stock option grants and firm performance. First, is the magnitude of stock option grants determined by firm performance ? Second, do stock option grants influence a firm's future performance ? Results indicate that firms with a good performance track record tend to grant more stock options to their executives. Furthermore, it appears that stock option grants influence owner-controlled firms' subsequent performance, but for only one subsequent year.

Keywords: stock options; financial performance; incentive compensation. (search for similar items in EconPapers)
Date: 1999

Downloads: (external link)
http://www.u-bourgogne.fr/LEG/rev/022049.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:dij:revfcs:v:2:y:1999:i:q2:p:25-49

Ordering information: This journal article can be ordered from
Economica, 49,rue Héricart, 75015 Paris, France

Access Statistics for this article

Revue Finance Contrôle Stratégie is edited by Albert David

More articles in Revue Finance Contrôle Stratégie from Editions Economica
Address: 49,rue Héricart,75015 Paris, France
Series data maintained by Gérard Charreaux ().