Search Results - subject:"Exercise behavior"

Are Employee Stock Option Exercise Decisions Better Explained through the Prospect Theory?

Bahaji, Hamza - Université Paris-Dauphine (Paris IX) - 2014

of the CPT framework to explain employees exercise behavior. It therefore provides rationale for using this framework in …

Persistent link: https://www.econbiz.de/10010783740

Cumulative Prospect Theory, employee exercise behaviour and stock options cost assessment

Bahaji, Hamza - Université Paris-Dauphine (Paris IX) - 2012

analysis of exercise behavior patterns. It develops a binomial model where the exercise decision obeys to a policy that … the main contribution of this paper which is the strong ability of the CPT framework to explain the employees exercise … behavior. It therefore provides rationale for using this framework in order to get more accurate fair value estimates of …

Persistent link: https://www.econbiz.de/10010783761

De l’évaluation des stock options en « juste valeur » : apport de l’approche comportementale

Bahaji, Hamza - Université Paris-Dauphine (Paris IX) - 2012

and for the analysis of exercise behavior patterns. Our empirical analysis proved that the CPT model is the best …

Persistent link: https://www.econbiz.de/10011074712

The Valuation of Employee Stock Options - How Good Is the Standard?

Raupach, Peter - 2003

This study contributes to the valuation of employee stock options (ESO) in two ways: First, a new pricing model is presented, admitting a major part of calculations to be solved in closed form. Designed with a focus on good replication of empirics, the model fits with publicly observable...

Persistent link: https://www.econbiz.de/10010316309