Baseline study of US industry solar exports

This study is a detailed aggregate profile of US solar export activity in 1979 based on a survey of all segments of the solar industry. It identifies the dollar volume of exports by technology: (1) solar heating and cooling products; (2) wind products; (3) photovoltaics; (4) solar thermal electric; (5) OTEC and biomass; and (6) support products and services. The study offers to government and industry groups, for the first time, comprehensive information with which to formulate export goals and assistance measures based on the current realities of the solar export marketplace. Specific and aggregate recommendations which can lead to identification of realistic solar export opportunities and development of solar export markets are included

Equity-Based Compensation for Employees: Firm Performance and Determinants

I examine the effect of employee equity-based compensation (EBC) on firm performance and the determinants of EBC. Using two samples, I find that firms have come to rely more heavily on EBC than in the past. For both samples, I document a significant, positive relation between Tobin's "q" and the percentage of employee compensation that is equity based. For accounting returns, I find a positive relation with the earlier sample. However, for the later sample I find that greater use of EBC leads to lower levels of future accounting returns. I also find that the determinants of the proportion of EBC are different between the two samples. 2004 The Southern Finance Association and the Southwestern Finance Association.