Hemmer, Thomas; Matsunaga, Steve; Shevlin, Terry - In: Journal of Applied Corporate Finance 12 (1999) 2, pp. 118-128
At first glance, executive stock options with reload provisions appear to be more complicated than conventional options, and thus the valuation of such options would appear to be more difficult. But, as the authors demonstrate in this article, such reload options provide the employee with a...
