Valuing Complex Stock Options Containing Reload Features
Author
Abstract
Suggested Citation
DOI: 10.2202/1932-9156.1051
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Simon Benninga, 2000. "Financial Modeling, 2nd Edition," MIT Press Books, The MIT Press, edition 2, volume 1, number 0262024829, December.
- Bettis, J. Carr & Bizjak, John M. & Lemmon, Michael L., 2005. "Exercise behavior, valuation, and the incentive effects of employee stock options," Journal of Financial Economics, Elsevier, vol. 76(2), pages 445-470, May.
- Carpenter, Jennifer N., 1998.
"The exercise and valuation of executive stock options,"
Journal of Financial Economics, Elsevier, vol. 48(2), pages 127-158, May.
- Jennifer Carpenter, 1997. "The Exercise and Valuation of Executive Stock Options," New York University, Leonard N. Stern School Finance Department Working Paper Seires 97-10, New York University, Leonard N. Stern School of Business-.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Hodder, James E. & Jackwerth, Jens Carsten, 2011.
"Managerial responses to incentives: Control of firm risk, derivative pricing implications, and outside wealth management,"
Journal of Banking & Finance, Elsevier, vol. 35(6), pages 1507-1518, June.
- Jackwerth, Jens Carsten & Hodder, James E., 2008. "Managerial Responses to Incentives: Control of Firm Risk, Derivative Pricing Implications, and Outside Wealth Management," MPRA Paper 11643, University Library of Munich, Germany.
- Lim, Terence & Lo, Andrew W. & Merton, Robert C. & Scholes, Myron S., 2006. "The Derivatives Sourcebook," Foundations and Trends(R) in Finance, now publishers, vol. 1(5–6), pages 365-572, April.
- repec:dau:papers:123456789/9550 is not listed on IDEAS
- Martin Widdicks & Jinsha Zhao, 2014. "A Model of Equity Based Compensation with Tax," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 41(7-8), pages 1002-1041, September.
- Sautner, Zacharias & Weber, Martin, 2005.
"Stock options and employee behavior,"
Papers
05-26, Sonderforschungsbreich 504.
- Sautner, Zacharias & Weber, Martin, 2005. "Stock Options and Employee Behavior," Sonderforschungsbereich 504 Publications 05-26, Sonderforschungsbereich 504, Universität Mannheim;Sonderforschungsbereich 504, University of Mannheim.
- Vicky Henderson & David Hobson, 2008. "Perpetual American options in incomplete markets: the infinitely divisible case," Quantitative Finance, Taylor & Francis Journals, vol. 8(5), pages 461-469.
- Tim Leung & Yang Zhou, 2020.
"A Top-Down Approach For The Multiple Exercises And Valuation Of Employee Stock Options,"
International Journal of Theoretical and Applied Finance (IJTAF), World Scientific Publishing Co. Pte. Ltd., vol. 23(02), pages 1-29, March.
- Tim Leung & Yang Zhou, 2019. "A Top-Down Approach for the Multiple Exercises and Valuation of Employee Stock Options," Papers 1906.03562, arXiv.org, revised Sep 2019.
- Gao, Huasheng, 2010. "Optimal compensation contracts when managers can hedge," Journal of Financial Economics, Elsevier, vol. 97(2), pages 218-238, August.
- Sun, Lei & Widdicks, Martin, 2016. "Why do employees like to be paid with Options?: A multi-period prospect theory approach," Journal of Corporate Finance, Elsevier, vol. 38(C), pages 106-125.
- Coles, Jeffrey L. & Lemmon, Michael L. & Felix Meschke, J., 2012.
"Structural models and endogeneity in corporate finance: The link between managerial ownership and corporate performance,"
Journal of Financial Economics, Elsevier, vol. 103(1), pages 149-168.
- Coles, Jeffrey & Lemmon, Michael & Meschke, Felix, 2007. "Structural Models and Endogeneity in Corporate Finance: the Link Between Managerial Ownership and Corporate Performance," MPRA Paper 4374, University Library of Munich, Germany, revised 15 Feb 2007.
- Hamza Bahaji, 2018. "Are employee stock option exercise decisions better explained through the prospect theory?," Annals of Operations Research, Springer, vol. 262(2), pages 335-359, March.
- Philip Brown & Alex Szimayer, 2008. "Valuing executive stock options: performance hurdles, early exercise and stochastic volatility," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 48(3), pages 363-389, September.
- Susana Alvarez-Diez & J. Samuel Baixauli-Soler & Maria Belda-Ruiz, 2016. "Early Exercise Behaviour in Performance-vested Stock Option Grants," Annals of Economics and Finance, Society for AEF, vol. 17(1), pages 55-78, May.
- Bahaji, Hamza & Casta, Jean-François, 2016.
"Employee stock option-implied risk attitude under Rank-Dependent Expected Utility,"
Economic Modelling, Elsevier, vol. 52(PA), pages 144-154.
- Hamza Bahaji & Jean-François Casta, 2016. "Employee stock option-implied risk attitude under Rank-Dependent Expected Utility," Post-Print hal-01277108, HAL.
- Sen, Rik & Tumarkin, Robert, 2015. "Stocking up: Executive optimism, option exercise, and share retention," Journal of Financial Economics, Elsevier, vol. 118(2), pages 399-430.
- repec:dau:papers:123456789/13098 is not listed on IDEAS
- Abudy, Menachem & Benninga, Simon, 2013. "Non-marketability and the value of employee stock options," Journal of Banking & Finance, Elsevier, vol. 37(12), pages 5500-5510.
- David B Colwell & David Feldman & Wei Hu & Monique Pontier, 2023. "Information, Insider Trading, Executive Reload Stock Options, Incentives, and Regulation," Working Papers hal-04116818, HAL.
- Randall A. Heron & Erik Lie, 2017. "Do Stock Options Overcome Managerial Risk Aversion? Evidence from Exercises of Executive Stock Options," Management Science, INFORMS, vol. 63(9), pages 3057-3071, September.
- Tang, Chun-Hua, 2012. "Revisiting the incentive effects of executive stock options," Journal of Banking & Finance, Elsevier, vol. 36(2), pages 564-574.
- Grasselli, Matheus & Henderson, Vicky, 2009. "Risk aversion and block exercise of executive stock options," Journal of Economic Dynamics and Control, Elsevier, vol. 33(1), pages 109-127, January.
- Tim Leung & Ronnie Sircar, 2009. "Accounting For Risk Aversion, Vesting, Job Termination Risk And Multiple Exercises In Valuation Of Employee Stock Options," Mathematical Finance, Wiley Blackwell, vol. 19(1), pages 99-128, January.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bpj:jbvela:v:3:y:2008:i:1:n:10. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.degruyter.com .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.