This article develops an operationally useful contingent-claims model for valuing employee
stock options (ESOs) that takes into account ESO vesting requirements, transfer restrictions …

This paper examines the effect of stock options plan on firm performance. By using a
multivariate regression analysis on 58 Malaysian listed firms with stock option plan, the main …

I would like to take this opportunity to express my gratitude to many people who have
provided assistance and support throughout the study. First of all, I would like to thank my …

1. L'assegnazione di strumenti finanziari “equity" quale componente della rimunerazione del
personale 1.1. Rimunerazione del personale e meccanismi di incentivazione 1.1. 1 …

With the removal of capital market restrictions, listing of domestic firms in foreign markets,
and privatization of stateowned companies, there has been a greater integration of …

Most public firms still use the Black-Scholes-Merton (BSM) model and simply adjust the time
to expiration to calculate the cost of their ESOs for financial reporting purposes. I modify the …

Since employee stock option grants have some features that do not fulfill the Black–Scholes
assumptions, we use a severance incorporating model to capture its main properties that …

Option pricing models are useful in most option valuation situations. This paper presents a
special case where the models are not applicable. A review of the finance literature and …

Derivatives Page 1 Aase, Knut K (2001). “A Markov Model for the Pricing of Catastrophe
Insurance Futures and Spreads,” Journal of Risk & Insurance, 68(1), 25-49. Adam, Tim R and …

Na przykładzie dwóch wybranych strategii opcyjnych w tym artykule chciałam pokazać, czy
inwestowanie według tych strategii jest opłacalne. Do analizy został wykorzystany gotowy …