Chong, Terence Tai Leung; Ding, Yue; Li, Yong - Volkswirtschaftliche Fakultät, … - 2015
In this paper, on the basis of stochastic volatility (SV) models, we extend the approach of option pricing for executive stock options (ESOs) under FAS 123. Based on this extension, a sample of Chinese listed companies’ ESOs are priced. We analyze the effect of the some important financial...