Stock Options for Undiversified Executives
收藏NBER2000-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w8052
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资源简介：
We employ a certainty-equivalence framework to analyze the cost and value of, and pay/performance incentives provided by, non-tradable options held by undiversified, risk-averse executives. We derive Executive Value' lines, the risk-adjusted analogues to Black-Scholes lines, and distinguish between
提供机构：
美国国家经济研究局
创建时间：
2000-12-01
