Britain and France make use of stock options, whereas firms elsewhere prefer to give "free" shares.

英国和法国喜欢利用股票期权而其他地方企业更倾向于直接免费赠股。

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Believe it or not behavioral finance researchers have found many investors prefer the former - even though it leads to inferior stock-price performance.

无论相信与否，行为金融研究者发现投资者更倾向于前者，即使他们会将其引入劣等股票。

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They prefer management that owns a lot of stock as they have the same incentive as shareholders to maximize the value.

他们宁愿管理，拥有大量的股票，因为它们具有相同的诱因为股东价值最大化。

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Sellers, on the other hand, prefer selling stock because of taxes.

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Sellers, on the other hand, prefer to sell stock, not assets.

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Markets prefer congressional inaction, and the stock run-up that we have experienced since the inauguration is living proof.

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