Employee Stock Options Exercise Timing Hedging And Valuation is popular PDF and ePub book, written by Tim Siu-tang Leung in 2021-07-29, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Employee Stock Options Exercise Timing Hedging And Valuation can be Read Online from any device for your convenience.
Employee Stock Options Exercise Timing Hedging And Valuation Book PDF Summary
Employee stock options (ESOs) are an integral component of compensation in the US. In fact, almost all S&P 500 companies grant options to their top executives, and the total value accounts for almost half of the total pay for their CEOs. In view of the extensive use and significant cost of ESOs to firms, the Financial Accounting Standards Board (FASB) has mandated expensing ESOs since 2004. This gives rise to the need to create a reasonable valuation method for these options for most firms that grant ESOs to their employees. The valuation of ESOs involves a number of challenging issues, and is thus an important active research area in Accounting, Corporate Finance, and Financial Mathematics.In this exciting book, the author discusses the practical and challenging problems surrounding ESOs from a financial mathematician's perspective. This book provides a systematic overview of the contractual features of ESOs and thoughtful discussions of different valuation approaches, with emphasis on three major aspects: (i) hedging strategies; (ii) exercise timing; and (iii) valuation methodologies. In addition to addressing each of these categories, this book also highlights their connections and combined effects of the cost of ESOs to firms, as well as examines the implications to modeling and valuation approaches. The book features a unique approach that combines stochastic modeling and control techniques with option pricing theory, and provides formulas and numerical schemes for fast implementation and clear illustration.
Detail Book of Employee Stock Options Exercise Timing Hedging And Valuation PDF
- Author : Tim Siu-tang Leung
- Release : 29 July 2021
- Publisher : World Scientific
- ISBN : 9789813209657
- Genre : Business & Economics
- Total Page : 228 pages
- Language : English
- PDF File Size : 19,8 Mb
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