CEU Electronic Theses and Dissertations, 2016
| Author | Khachatryan, Vardan |
|---|---|
| Title | Stock option plans as employee incentives: what can armenia learn from u.s. experiences? |
| Summary | Throughout the era after the World War II stock options have been used by companies as an employee incentive and as an essential part of executive compensation. For corporations, stock options are attractive tools because they may be varied to find the most attractive form of incentives without any extra expenses. This paper presents the history of the first regulations of stock options in the United States, the use of stock options before, during and after the Great Depression and the main issues occurred during the use of this device. The main purpose of this thesis is to present the experience of the United States especially the abuses and the regulatory responses. Because the United States has the longest history with the use of stock options as employee and executive incentives, countries like Armenia – where options are still not used as such incentives – could learn a lot from the American experiences, what this paper is aimed to show. This thesis also presents the new US regulatory framework (more specifically the Dodd-Frank Act) as the most recent model aimed at preventing abuses with executive compensations including stock options. This study also examines the possible use of stock options in the Republic of Armenia, outlines the pertaining legal issues and provides possible solutions. |
| Supervisor | Tajti, Tibor |
| Department | Legal Studies LLM |
| Full text | https://www.etd.ceu.edu/2016/khachatryan_vardan.pdf |
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