Optimal Exercise Prices for Executive Stock Options
收藏NBER2000-02-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w7548
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资源简介：
Although exercise prices for executive stock options can be set either below or above the grant-date market price, in practice virtually all options are granted at the money. We offer an economic rationale for this apparent puzzle, by showing that pay-to-performance incentives for risk-averse
提供机构：
美国国家经济研究局
创建时间：
2000-02-01
