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Titel:

Valuation of employee stock options using the exercise multiple approach and life tables

Dokumenttyp:
Zeitschriftenaufsatz
Autor(en):
Kyng, T.; Konstandatos, O.; Bienek, T.
Nicht-TUM Koautoren:
ja
Kooperation:
international
Abstract:
Employee stock options (ESOs) are common in performance-based employee remuneration. Financial reporting standards such as IFRS2 and AASB2 require public corporations to report on the cost of providing ESOs, and mandate the incorporation of voluntary and involuntary early exercise. In this paper we extend the exercise multiple approach of Hull and White (2004) and decompose the attrition unadjusted voluntary exercise ESO into a gap call option and two partial-time barrier options. We use exit pr...     »
Intellectual Contribution:
Discipline-based Research
Zeitschriftentitel:
Insurance: Mathematics and Economics
Journal gelistet in FT50 Ranking:
nein
Jahr:
2016
Band / Volume:
68
Seitenangaben Beitrag:
17–26
Volltext / DOI:
doi:10.1016/j.insmatheco.2015.12.009
Urteilsbesprechung:
0
Key publication:
Nein
Peer reviewed:
Ja
International:
Ja
Book review:
Nein
commissioned:
not commissioned
Professional Journal:
Nein
Technology:
Nein
Interdisziplinarität:
Ja
Leitbild:
;
Ethics und Sustainability:
Nein
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