Narrow search
Showing 1 - 10 of 1,816
Cover Image
Modifying the Black-Scholes-Merton model to calculate the cost of employee stock options
Finnerty, John D. - In: Managerial finance 40 (2014) 1, pp. 2-32
Persistent link: https://www.econbiz.de/10010252122
Cover Image
Modifying the Black-Scholes-Merton model to calculate the cost of employee stock options
Finnerty, John D. - In: Managerial Finance 40 (2014), pp. 2-32
Purpose – More than 80 percent of S&P 500 firms that issue ESOs use the Black-Scholes-Merton (BSM) model and substitute … overprices ESOs, which worsens as the stock's volatility increases. The purpose of this paper is to present a modification of the … grants and 1.31 billion ESOs to calculate the exercise and forfeiture parameters and value ESOs for nine firms. Findings …
Persistent link: https://www.econbiz.de/10010727919
Cover Image
Railcar Auctions for Grain Shipments: A Strategic Analysis
Wilson, William W.; Dahl, Bruce L. - In: Journal of Agricultural & Food Industrial Organization 3 (2005) 2
Many of the North American railroads have introduced differentiated services for grain shipments in the past decade. Most interesting have been innovations in guaranteed railcar service which have evolved since their inception. In most cases, pricing and allocation of these services have used...
Persistent link: https://www.econbiz.de/10014601246
Cover Image
Using options to measure the full value-effect of an event : application to Obamacare
Borochin, Paul; Golec, Joseph - In: Journal of financial economics 120 (2016) 1, pp. 169-193
Persistent link: https://www.econbiz.de/10011590075
Cover Image
IMPLEMENTATION OF MONTE CARLO METHOD IN OPTION VALUATION USING STATISTICAL PROGRAMMING LANGUAGE R
Vasylchenko I. - In: Вісник Киiвського … (2011) 3, pp. 43-46
Автором детально рассмотрено теорию метода Монте Карло и проведено еепрактическую реализацию средствами статистического программного языка R для европейских...
Persistent link: https://www.econbiz.de/10011234439
Cover Image
Future of investments evaluation
Stehlík, Antonín - In: Politická ekonomie 2005 (2005) 5, pp. 675-686
materialized through different possibilities, described as real options. It is possible to evaluate the price of real option by … end of this article. Real options is at modern approach to capital budgeting. …
Persistent link: https://www.econbiz.de/10005036686
Cover Image
Railcar Auctions for Grain Shipments: A Strategic Analysis
Wilson, William; Dahl, Bruce - In: Journal of Agricultural & Food Industrial Organization 3 (2007) 2, pp. 1047-1047
Many of the North American railroads have introduced differentiated services for grain shipments in the past decade. Most interesting have been innovations in guaranteed railcar service which have evolved since their inception. In most cases, pricing and allocation of these services have used...
Persistent link: https://www.econbiz.de/10005579462
Cover Image
Anchoring bias in the TARP warrant negotiations
Wilson, Linus - In: Journal of Economics and Business 64 (2012) 1, pp. 63-76
This paper finds that banks that offered lower opening bids were rewarded with significantly lower warrant repurchase prices in transactions that raised $2.856 billion in 2009. These results were scaled by third-party consultants’ and the Congressional Oversight Panel's estimates of the...
Persistent link: https://www.econbiz.de/10010599712
Cover Image
Optimal Exercise for Derivative Securities
Detemple, Jérôme - In: Annual Review of Financial Economics 6 (2014) 1, pp. 459-487
This article reviews the literature on American-style derivatives. The presentation stresses some of the major developments in the field. The focus is on the determination of optimal exercise policies and the structure of derivatives’ prices. Illustrative examples highlight the complexity of...
Persistent link: https://www.econbiz.de/10011094544
Cover Image
Firm and Corporate Bond Valuation: A Simulation Dynamic Programming Approach
Castillo, Augusto - In: Latin American Journal of Economics-formerly Cuadernos … 41 (2004) 124, pp. 345-360
This paper analyzes corporate bond valuation of a straight bond, and the convertibility feature, when interest rates …
Persistent link: https://www.econbiz.de/10005510176