Risk, Ambiguity, and the Exercise of Employee Stock Options
收藏NBER2014-03-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w19975
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资源简介：
We investigate the importance of ambiguity, or Knightian uncertainty, in executives' decisions about when to exercise stock options. We develop an empirical estimate of ambiguity and include it in regression models alongside the more traditional measure of risk, equity volatility. We show that each
提供机构：
美国国家经济研究局
创建时间：
2014-03-01
