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 |
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Wiesbaden
Deutscher Universitätsverlag
2004, 2004
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| Edition: | 1st ed. 2004 |
| Series: | Management, Organisation und ökonomische Analyse
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| Online Access: | |
| Collection: | Springer Book Archives -2004 - Collection details see MPG.ReNa |
| 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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| Physical Description: | XV, 253 p. 29 illus online resource |
| ISBN: | 9783322818492 |