Les normes comptables actuelles permettent-elles une comptabilisation des stock-options à leur juste valeur?
(VF)Ces dernières années, les stock-options ont été au cœur de scandales financiers dans plusieurs pays qui ont entraîné une forte demande de transparence, en particulier sur ce mode de rémunération destiné aux dirigeants. L’objectif de cet article est de présenter, dans une première partie, les modalités de comptabilisation des stock-options selon la norme européenne IFRS 2 et la norme américaine FAS 123. La seconde partie est consacrée aux incidences et à une analyse critique de la comptabilisation des stock-options, notamment au regard de l’exigence de comptabilisation de ce mécanisme incitatif à sa juste valeur. (VA) In many countries, executive stock options (ESOs) have been subject to financial scandals during these last years, that encountered for a deep need of transparency, particularly about this compensation device for managers. The aim of this paper is to present, in a first part, the ways of expensing ESOs in through the European IRFS 2 and the American FAS 123 standards. The second part analyses ESOs accounting and its consequences, namely regarding the requirements about measuring this incentive mechanism at its fair value.
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| Length: | 18 pages |
| Date of creation: | Oct 2006 |
| Handle: | RePEc:dij:wpfarg:1061002 |
| Contact details of provider: | Postal: 2 Bd Gabriel, BP 26611, 21066 Dijon Cedex, France
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| Order Information: | Postal: Angèle Renaud, CREGO, 2 Bd Gabriel, BP 26611, 21066 Dijon Cedex, France Email: |
References listed on IDEAS
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- Hall, Brian J. & Murphy, Kevin J., 2002.
"Stock options for undiversified executives,"
Journal of Accounting and Economics,
Elsevier, vol. 33(1), pages 3-42, February.
- Brian J. Hall & Kevin J. Murphy, 2000. "Stock Options for Undiversified Executives," NBER Working Papers 8052, National Bureau of Economic Research, Inc.
- repec:bla:joares:v:34:y:1996:i::p:1-20 is not listed on IDEAS
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- Philippe Desbrières & Samuel Mercier, 2001. "Enjeux éthiques des formules d'actionnariat des dirigeants," Working Papers CREGO 1011101, Université de Bourgogne - CREGO EA7317 Centre de recherches en gestion des organisations.
- Samuel Mercier, 2001. "Enjeux éthiques des formules d'actionnariat des dirigeants," Post-Print hal-00155571, HAL.
- Huddart, Steven & Lang, Mark, 1996. "Employee stock option exercises an empirical analysis," Journal of Accounting and Economics, Elsevier, vol. 21(1), pages 5-43, February.
- Kevin J. Murphy & Brian J. Hall, 2000. "Optimal Exercise Prices for Executive Stock Options," American Economic Review, American Economic Association, vol. 90(2), pages 209-214, May.
- Brian J. Hall & Kevin J. Murphy, 2000. "Optimal Exercise Prices for Executive Stock Options," NBER Working Papers 7548, National Bureau of Economic Research, Inc.
- Jensen, Michael C & Murphy, Kevin J, 1990. "Performance Pay and Top-Management Incentives," Journal of Political Economy, University of Chicago Press, vol. 98(2), pages 225-264, April.
- Jensen, M.C. & Murphy, K.J., 1988. "Performance Pay And Top Management Incentives," Papers 88-04, Rochester, Business - Managerial Economics Research Center.
- Cox, John C. & Ross, Stephen A. & Rubinstein, Mark, 1979. "Option pricing: A simplified approach," Journal of Financial Economics, Elsevier, vol. 7(3), pages 229-263, September.
- Huddart, Steven, 1994. "Employee stock options," Journal of Accounting and Economics, Elsevier, vol. 18(2), pages 207-231, September. Full references (including those not matched with items on IDEAS)
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