Role of Share Based Compensations in Romanian Environment

Petre Mihaela Cosmina ()
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Petre Mihaela Cosmina: „Constantin Brâncoveanu” University of Piteºti Faculty of Management Marketing in Economic Business

Ovidius University Annals, Economic Sciences Series, 2011, vol. XI, issue 1, 1634-1637

Abstract: The article aims to identify the role of share-based compensations.The authors find many studies that consider a positive role of share-based compensation for alignment of agent and principal interests. Studying the determinants of share-based compensation, the article provides relevant information to, mainly,owners and management about the circumstances which use of share-based payment and brings efficiency to the firm. The authors also ,presents the scope of IFRS 2 Share –Based Payment, and identifies share-based payment arrangements in a business combination between owners and managers. The article provides the results of a quantitative approach, conducted with statistical correlation and regression analysis in order to understand the variables relation and finding out how companies’ characteristics are related to a proper remuneration plan in Romania.

Keywords: share-based payments; determinants; agency theory; firms’ characteristics; opportunistic behaviour (search for similar items in EconPapers)
JEL-codes: M41 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:11:y:2011:i:1:p:1634-1637

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