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Gestaltungsmöglichkeiten der Entlohnung über Beteiligung am Gesellschaftskapital und deren handels- und steuerrechtliche Folgen

Gestaltungsmöglichkeiten der Entlohnung über Beteiligung am Gesellschaftskapital und deren handels- und steuerrechtliche Folgen

          
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About the Book

Inhaltsangabe: Problemstellung: Die Beteiligung von Mitarbeitern und Vorständen am Gesellschaftskapital als Bestandteil der Entlohnung wird zur Zeit in Forschung, Praxis und Rechtsprechung erneut stark diskutiert. Im Mittelpunkt der Diskussion stehen die durch das KonTraG neu geschaffenen Möglichkeiten zum Einsatz moderner Beteiligungskonzepte. Die Ermöglichung dieser Konzepte war eines der Hauptziele des KonTraG. Grundidee der Beteiligungskonzepte ist der Versuch, das aus der Principal-Agent-Theorie bekannte Problem des Interessengegensatzes zwischen den Unternehmenseigentümern einerseits und dem Management / den Mitarbeitern andererseits zu lösen. Durch entsprechende Ausgestaltung der Beteiligungskonzepte, d.h. durch Angleichung der Interessen von Aktionären und (vor allem) Management, soll hier Anreizkompatibilität geschaffen werden. Die bisher gängigen Instrumente waren die Ausgabe von Belegschaftsaktien für die Mitarbeiter sowie die Beteiligung der Führungskräfte/Vorstände über den Umweg der Wandelschuldverschreibungen oder der Optionsanleihen. Die Änderungen des KonTraG ermöglichen nun den Einsatz von aus den USA bekannten Instrumenten. Die größte Aufmerksamkeit zieht dabei die Ausgabe von Stock Options, d.h. die direkte Ausgabe von Aktienbezugsrechten an die Teilnehmer eines solchen Beteiligungsprogrammes, auf sich. Des weiteren bietet sich nach wie vor das Instrument "Belegschaftsaktien" an. Hinzu kommen die sogenannten virtuellen Eigenkapitalinstrumente wie "Stock Appreciation Rights" und "Phantom Stock". In Rahmen dieser Arbeit werden die durch das KonTraG neu geschaffenen Möglichkeiten, insbesondere die Ausgabe von Stock Options, dargestellt. Zum Vergleich werden zunächst die bisher gängigen Gestaltungen dargelegt. Bei der Untersuchung der (neuen) Möglichkeiten werden die wirtschaftlichen Beweggründe der Bezugsberechtigten, der Aktionäre und der übrigen Arbeitnehmer untersucht sowie Möglichkeiten und notwendige Bedingungen, die an diese Programme geknü


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Product Details
  • ISBN-13: 9783838619743
  • Publisher: Diplom.de
  • Binding: Paperback
  • Language: German
  • Returnable: N
  • Spine Width: 8 mm
  • Width: 148 mm
  • ISBN-10: 3838619749
  • Publisher Date: 15 Dec 1999
  • Height: 210 mm
  • No of Pages: 132
  • Series Title: German
  • Weight: 181 gr


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Gestaltungsmöglichkeiten der Entlohnung über Beteiligung am Gesellschaftskapital und deren handels- und steuerrechtliche Folgen
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