Non-Traded Asset Valuation with Portfolio Constraints: A Binomial Approach
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- Detemple, Jerome & Sundaresan, Suresh, 1999. "Nontraded Asset Valuation with Portfolio Constraints: A Binomial Approach," The Review of Financial Studies, Society for Financial Studies, vol. 12(4), pages 835-872.
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Keywords
American options; executive compensation options; optimal exercise time; portfolio constraints; non-traded asset; private valuation; certainty-equivalent; liquidity; risk aversion; Options américaines; options de compensation de dirigeants; temps d'exercice optimal; contraintes de portefeuille; actif non-marchand; valeur privée; équivalent certain; liquidité; aversion au risque;All these keywords.
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