The changing landscape of long-term share-based compensation in South Africa: an investigation into recent developments in employee incentive used by companies listed on the Johannesburg Stock Exchange

 

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dc.contributor.advisor Holman, Glen en_ZA
dc.contributor.author Mavrodinov, Nikolay Stefanov en_ZA
dc.date.accessioned 2015-01-15T09:07:23Z
dc.date.available 2015-01-15T09:07:23Z
dc.date.issued 2012 en_ZA
dc.identifier.citation Mavrodinov, N. 2012. The changing landscape of long-term share-based compensation in South Africa: an investigation into recent developments in employee incentive used by companies listed on the Johannesburg Stock Exchange. University of Cape Town. en_ZA
dc.identifier.uri http://hdl.handle.net/11427/12209
dc.description Includes abstract. en_ZA
dc.description Includes bibliographical references. en_ZA
dc.description.abstract For several decades equity-based compensation has been used as a tool to align the incentives of company executives and employees with those of the company shareholders. For instance globally, during the 1990's, there was and explosion in the issuance of employee stock options. This served several purposes, namely - to motivate managers in the pursuit to increase company value and achieve long-term goals, as a retention tool for talented staff and also as a way for cash strapped young companies to reward employees without the need to divert cash from operating activities.The objective of this study is to examine the current long-term share-based incentive schemes used by JSE listed companies based on data from 50 large and mid cap companies. It aims to identify trends in terms of prevalent scheme types, average scheme size relative to issued share capital, settlement methods, valuation models used, construction of model inputs and the use of performance conditions. en_ZA
dc.language.iso eng en_ZA
dc.subject.other Financial Management en_ZA
dc.title The changing landscape of long-term share-based compensation in South Africa: an investigation into recent developments in employee incentive used by companies listed on the Johannesburg Stock Exchange en_ZA
dc.type Master Thesis
uct.type.publication Research en_ZA
uct.type.resource Thesis en_ZA
dc.publisher.institution University of Cape Town
dc.publisher.faculty Faculty of Commerce en_ZA
dc.publisher.department Department of Finance and Tax en_ZA
dc.type.qualificationlevel Masters
dc.type.qualificationname MCom en_ZA
uct.type.filetype Text
uct.type.filetype Image
dc.identifier.apacitation Mavrodinov, N. S. (2012). <i>The changing landscape of long-term share-based compensation in South Africa: an investigation into recent developments in employee incentive used by companies listed on the Johannesburg Stock Exchange</i>. (Thesis). University of Cape Town ,Faculty of Commerce ,Department of Finance and Tax. Retrieved from http://hdl.handle.net/11427/12209 en_ZA
dc.identifier.chicagocitation Mavrodinov, Nikolay Stefanov. <i>"The changing landscape of long-term share-based compensation in South Africa: an investigation into recent developments in employee incentive used by companies listed on the Johannesburg Stock Exchange."</i> Thesis., University of Cape Town ,Faculty of Commerce ,Department of Finance and Tax, 2012. http://hdl.handle.net/11427/12209 en_ZA
dc.identifier.vancouvercitation Mavrodinov NS. The changing landscape of long-term share-based compensation in South Africa: an investigation into recent developments in employee incentive used by companies listed on the Johannesburg Stock Exchange. [Thesis]. University of Cape Town ,Faculty of Commerce ,Department of Finance and Tax, 2012 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/12209 en_ZA
dc.identifier.ris TY - Thesis / Dissertation AU - Mavrodinov, Nikolay Stefanov AB - For several decades equity-based compensation has been used as a tool to align the incentives of company executives and employees with those of the company shareholders. For instance globally, during the 1990's, there was and explosion in the issuance of employee stock options. This served several purposes, namely - to motivate managers in the pursuit to increase company value and achieve long-term goals, as a retention tool for talented staff and also as a way for cash strapped young companies to reward employees without the need to divert cash from operating activities.The objective of this study is to examine the current long-term share-based incentive schemes used by JSE listed companies based on data from 50 large and mid cap companies. It aims to identify trends in terms of prevalent scheme types, average scheme size relative to issued share capital, settlement methods, valuation models used, construction of model inputs and the use of performance conditions. DA - 2012 DB - OpenUCT DP - University of Cape Town LK - https://open.uct.ac.za PB - University of Cape Town PY - 2012 T1 - The changing landscape of long-term share-based compensation in South Africa: an investigation into recent developments in employee incentive used by companies listed on the Johannesburg Stock Exchange TI - The changing landscape of long-term share-based compensation in South Africa: an investigation into recent developments in employee incentive used by companies listed on the Johannesburg Stock Exchange UR - http://hdl.handle.net/11427/12209 ER - en_ZA


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