Showing 1 - 3 of 3
Persistent link: https://www.econbiz.de/10001089795
Persistent link: https://www.econbiz.de/10009244959
We model a firm's value process controlled by a manager maximizing expected utility from restricted shares and employee stock options. The manager also dynamically controls allocation of his outside wealth. We explore interactions between those controls as he partially hedges his exposure to...
Persistent link: https://www.econbiz.de/10003876904