Bahaji, Hamza - In: Review of Accounting and Finance 10 (2011) August, pp. 200-227
time model of the stock option subjective value using the certainty equivalence principle. Numerical simulations are used … in order to analyze the subjective value sensitivity with respect to preferences-related parameters and to investigate … that the employee may overestimate the value of his options in-excess of their risk-neutral value. Moreover, for typical …