Risk, Ambiguity, and the Exercise of Employee Stock Options
收藏数据链接：
官方服务：
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
