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Phantom stock and investment decisions. (Research Nots).

Publication: International Advances in Economic Research
Publication Date: 01-FEB-02 		Format: Online - approximately 196 words
Delivery: Immediate Online Access
Full Article Title: Phantom stock and investment decisions. (Research Nots).(Brief Article)

Article Excerpt
Columbia University--U.S.A.

This paper examines the incentive properties of phantom stock. These are non-public shares that give managers participation in the value of the specific subset of activities under their control. These managers cannot be directly motivated by common stock or by options on such stock. The paper provides...

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