FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W117322060> ?p ?o ?g. }

• W117322060 abstract "We consider the problem of an executive that receives call options as compensation in a dynamic setting. She can influence the stock price return with her effort. In addition, she determines the level of volatility of the stock through the choice of projects. The executive is risk-averse and experiences disutility from the effort. In this framework, we introduce the problem of the company that wants to maximize the final expected value of the price of the stock minus the cost of the compensation package. The company has to design a compensation package such that the executive reaches the minimum level of utility or opportunity cost (individual rationality constraint). We characterize the optimal strike price the company should choose, and compute it numerically for the logarithmic case. When the executive can affect the mean return of the stock, we find that in the vast majority of cases options should be granted outof-the-money. A key parameter in the model is the parameter that measures the quality of the projects. When this parameter is very high, it is optimal to grant stock rather than options. We distinguish between “large” companies, that emphasize the expected value of the stock, and “small” companies, that are more interested in keeping the cost of the compensation low. We find that stock is more likely to be the optimal contract for small companies." @default.
• W117322060 created "2016-06-24" @default.
• W117322060 creator A5005827573 @default.
• W117322060 creator A5084077206 @default.
• W117322060 date "2002-01-01" @default.
• W117322060 modified "2023-09-27" @default.
• W117322060 title "Executive Stock Options with Effort Disutility and Choice of Volatility" @default.
• W117322060 cites W1525883337 @default.
• W117322060 cites W1580561995 @default.
• W117322060 cites W1963901383 @default.
• W117322060 cites W1964916079 @default.
• W117322060 cites W1988403523 @default.
• W117322060 cites W2010449560 @default.
• W117322060 cites W2031596492 @default.
• W117322060 cites W2040469093 @default.
• W117322060 cites W2077791698 @default.
• W117322060 cites W2090220594 @default.
• W117322060 cites W2095080349 @default.
• W117322060 cites W2119232906 @default.
• W117322060 cites W2895569270 @default.
• W117322060 cites W3122028926 @default.
• W117322060 cites W3122033083 @default.
• W117322060 cites W3124693573 @default.
• W117322060 cites W3124716066 @default.
• W117322060 cites W3124877788 @default.
• W117322060 cites W3125362379 @default.
• W117322060 cites W3135490280 @default.
• W117322060 hasPublicationYear "2002" @default.
• W117322060 type Work @default.
• W117322060 sameAs 117322060 @default.
• W117322060 citedByCount "6" @default.
• W117322060 countsByYear W1173220602014 @default.
• W117322060 crossrefType "journal-article" @default.
• W117322060 hasAuthorship W117322060A5005827573 @default.
• W117322060 hasAuthorship W117322060A5084077206 @default.
• W117322060 hasConcept C10138342 @default.
• W117322060 hasConcept C106159729 @default.
• W117322060 hasConcept C127413603 @default.
• W117322060 hasConcept C143724316 @default.
• W117322060 hasConcept C143969707 @default.
• W117322060 hasConcept C144133560 @default.
• W117322060 hasConcept C148126853 @default.
• W117322060 hasConcept C149782125 @default.
• W117322060 hasConcept C151392489 @default.
• W117322060 hasConcept C151730666 @default.
• W117322060 hasConcept C162118730 @default.
• W117322060 hasConcept C162324750 @default.
• W117322060 hasConcept C175444787 @default.
• W117322060 hasConcept C204036174 @default.
• W117322060 hasConcept C2776607717 @default.
• W117322060 hasConcept C2780299701 @default.
• W117322060 hasConcept C2780762169 @default.
• W117322060 hasConcept C29122968 @default.
• W117322060 hasConcept C2988984586 @default.
• W117322060 hasConcept C3017619653 @default.
• W117322060 hasConcept C47143671 @default.
• W117322060 hasConcept C78519656 @default.
• W117322060 hasConcept C86803240 @default.
• W117322060 hasConcept C91602232 @default.
• W117322060 hasConceptScore W117322060C10138342 @default.
• W117322060 hasConceptScore W117322060C106159729 @default.
• W117322060 hasConceptScore W117322060C127413603 @default.
• W117322060 hasConceptScore W117322060C143724316 @default.
• W117322060 hasConceptScore W117322060C143969707 @default.
• W117322060 hasConceptScore W117322060C144133560 @default.
• W117322060 hasConceptScore W117322060C148126853 @default.
• W117322060 hasConceptScore W117322060C149782125 @default.
• W117322060 hasConceptScore W117322060C151392489 @default.
• W117322060 hasConceptScore W117322060C151730666 @default.
• W117322060 hasConceptScore W117322060C162118730 @default.
• W117322060 hasConceptScore W117322060C162324750 @default.
• W117322060 hasConceptScore W117322060C175444787 @default.
• W117322060 hasConceptScore W117322060C204036174 @default.
• W117322060 hasConceptScore W117322060C2776607717 @default.
• W117322060 hasConceptScore W117322060C2780299701 @default.
• W117322060 hasConceptScore W117322060C2780762169 @default.
• W117322060 hasConceptScore W117322060C29122968 @default.
• W117322060 hasConceptScore W117322060C2988984586 @default.
• W117322060 hasConceptScore W117322060C3017619653 @default.
• W117322060 hasConceptScore W117322060C47143671 @default.
• W117322060 hasConceptScore W117322060C78519656 @default.
• W117322060 hasConceptScore W117322060C86803240 @default.
• W117322060 hasConceptScore W117322060C91602232 @default.
• W117322060 hasLocation W1173220601 @default.
• W117322060 hasOpenAccess W117322060 @default.
• W117322060 hasPrimaryLocation W1173220601 @default.
• W117322060 hasRelatedWork W2022964630 @default.
• W117322060 hasRelatedWork W2044832112 @default.
• W117322060 hasRelatedWork W2046067759 @default.
• W117322060 hasRelatedWork W2126688217 @default.
• W117322060 hasRelatedWork W2142151745 @default.
• W117322060 hasRelatedWork W2344156687 @default.
• W117322060 hasRelatedWork W2461917176 @default.
• W117322060 hasRelatedWork W2498803752 @default.
• W117322060 hasRelatedWork W2808110920 @default.
• W117322060 hasRelatedWork W3121534674 @default.
• W117322060 hasRelatedWork W3121894195 @default.
• W117322060 hasRelatedWork W3122991477 @default.
• W117322060 hasRelatedWork W3124099220 @default.
• W117322060 hasRelatedWork W3126065594 @default.

• next