Bey, Roger P.; Johnson, Larry J. - In: Managerial Finance 21 (1995) 10, pp. 9-25
The executive stock option (ESO) valuation model developed in this research amends the popular exchange traded option pricing models such as Black and Scholes (1973), Whaley (1981), and Cox, Ross, and Rubinstein (1979) to include economic features of the ESO contract that previously have been...