is affected by the firm's stock market risk and performance. …

their risk-neutral value. This is nevertheless in stark contrast with a common finding of standard models based on the … value to risk-neutral outside investors. In particular, I proved that loss aversion and probability weighting have …

overestimate the value of his options in-excess of their risk-neutral value. This is nevertheless in stark contrast with a common … finding of standard models based on the Expected Utility Theory (EUT) framework that options value to a risk …-averse undiversified employee is strictly lower than the value to risk-neutral outside investors. In particular, I proved that loss …

overestimate the value of his options in-excess of their risk-neutral value. This is nevertheless in stark contrast with a common … finding of standard models based on the Expected Utility Theory (EUT) framework that options value to a risk …-averse undiversified employee is strictly lower than the value to risk-neutral outside investors. In particular, I proved that loss …

their risk-neutral value. This is nevertheless in stark contrast with a common finding of standard models based on the … Expected Utility Theory (EUT) framework that options value to a risk-averse undiversified employee is strictly lower than the … value to risk-neutral outside investors. In particular, I proved that loss aversion and probability weighting have …

ownership structure and the board of directors on managers. The confrontation of entrenchment theory and agency theory allows to …