Employee Stock Option Compensation : a behavioral finance approach /
Stock options have become a common part of the compensation of executives in many companies. Their use has created a significant amount of controversy among academics as well as among the general public. Florian Cornelis Wolff addresses an aspect often overlooked in debate but crucial for assessment...
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| Format: | eBook |
| Language: | English |
| Published: |
Wiesbaden :
Deutscher Universitätsverlag,
2004.
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| Edition: | Gabler edition Wissenschaft. |
| Series: | Management, Organisation und ökonomische Analyse ;
2. |
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| Online Access: | Connect to the full text of this electronic book |
| Summary: | Stock options have become a common part of the compensation of executives in many companies. Their use has created a significant amount of controversy among academics as well as among the general public. Florian Cornelis Wolff addresses an aspect often overlooked in debate but crucial for assessment: How do executives themselves see their stock options? How do their personal expectations and risk preferences affect the value they assign to them? To answer these questions classical option valuation approaches need to be combined with recent findings from the field of behavioural finance. The result is quite surprising: It is because people behave irrationally that stock options may be worth their money. |
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| Item Description: | Electronic resource. |
| Physical Description: | 1 online resource (xv, 253 pages 67 illustrations) |
| ISBN: | 9783322818492 (electronic bk.) 3322818497 (electronic bk.) |