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Ditemukan 4 dari pencarian Anda melalui kata kunci: author=Babenko, Ilona
cover
Money Left on the Table: An Analysis of Participation in Employee Stock Purch…
Babenko, IlonaRik Sen

We analyze participation decisions in employee stock purchase plans. These plans allow employees to buy company stock at a discount from the market price and resell it immediately for a sure profit. Although an average employee stands to gain $3,079 annually, only 30% of individuals take advantage of this risk-free opportunity. Participation is more likely among employees who are familiar with …

Edisi
Vol. 27, Number 12, Dec. 2014
ISBN/ISSN
1465-7368
Deskripsi Fisik
p. 3658
Judul Seri
The Review of Financial Studies
No. Panggil
RFS2712
cover
Idiosyncratic Cash Flows and Systematic Risk
Babenko, IlonaTserlukevich, YuriBoguth, Oliver

Printed Journal

Edisi
-
ISBN/ISSN
221082
Deskripsi Fisik
-
Judul Seri
-
No. Panggil
JOF7101
cover
Analyzing the tax benefits from employee stock options
Babenko, IlonaTserlukevich, Yuri

Employees tend to exercise stock options when corporate taxable income is high, shifting corporate tax deductions to years with higher tax rates. If firms paid employees the same dollar value in wages instead of stock options, the average annual tax bill for large U.S. companies would increase by $12.6 million, or 9.8%. These direct tax benefits of options increase in the convexity of the tax f…

Edisi
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ISBN/ISSN
221082
Deskripsi Fisik
-
Judul Seri
-
No. Panggil
-
cover
Share repurchases and pay-performance sensitivity of employee compensation co…
Babenko, Ilona

I show that share repurchases increase pay-performance sensitivity of employee compensation and lead to greater employee effort and higher stock prices. Consistent with the model, I find that after repurchases, employees and managers receive fewer stock option and equity grants, and that the market reacts favorably to repurchase announcements when employees have many unvested stock options. Man…

Edisi
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ISBN/ISSN
221082
Deskripsi Fisik
-
Judul Seri
-
No. Panggil
-