Management, Organisation und ökonomische Analyse

Employee Stock Option Compensation

A behavioral finance approach

Authors: Wolff, Florian

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eBook $109.00
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  • ISBN 978-3-322-81849-2
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About this book

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.

About the authors

Dr. Florian Wolff promovierte bei Prof. Dr. Peter-J. Jost am Lehrstuhl für Organisationstheorie der Wissenschaftlichen Hochschule für Unternehmensführung (WHU) in Vallendar. Er ist Unternehmensberater bei McKinsey & Company, Inc. in München.

Table of contents (7 chapters)

  • Introduction to the topic

    Wolff, Florian Cornelis

    Pages 1-14

  • Theoretical & empirical assessment

    Wolff, Florian Cornelis

    Pages 15-52

  • Review of risk-neutral valuation models

    Wolff, Florian Cornelis

    Pages 53-77

  • Utility-based stock-option valuation

    Wolff, Florian Cornelis

    Pages 79-144

  • A new model to value executive stock option

    Wolff, Florian Cornelis

    Pages 145-193

Buy this book

eBook $109.00
price for USA (gross)
  • ISBN 978-3-322-81849-2
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $139.00
price for USA
  • ISBN 978-3-8244-8213-9
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Employee Stock Option Compensation
Book Subtitle
A behavioral finance approach
Authors
Series Title
Management, Organisation und ökonomische Analyse
Series Volume
2
Copyright
2004
Publisher
Deutscher Universitätsverlag
Copyright Holder
Deutscher Universitäts-Verlag/GWV-Fachverlage GmbH, Wiesbaden
eBook ISBN
978-3-322-81849-2
DOI
10.1007/978-3-322-81849-2
Softcover ISBN
978-3-8244-8213-9
Edition Number
1
Number of Pages
XV, 253
Number of Illustrations and Tables
29 b/w illustrations
Topics