스톡옵션制度의 效果와 類型別 特徵

Abstract

The use of stock option plans as long-term incentive plans has been gradually increased in Korean companies recently. This study is aimed at providing some implications to employers who consider the use of stock option plans. To do this. The paper reviews the effects of the plans and examines in depth the features (i.e .. characteristics. pros and cons) of each plan. The plans examined include incentive stock option plans. non qualified stock option plans. stock appreciation rights. performance share/unit plans, phantom stock plans, and restricted stock plans The popularity of these plans changes over time. These changes are caused by many factors: economic conditions and trends, internal company financial pressures, changing attitudes toward long-term incentives, and changes in tax law. Therefore, companies which intend to introduce stock option plans should fully understand the effects of the plan, advantages and disadvantages in each plan, They should also introduce and design the plans suited to the needs and contingency of each company.