Determining fair values of performance-vested and forfeiture-embedded employee stock options

研究成果: Article

3 引文 斯高帕斯(Scopus)

摘要

This study provides a new approach to determine the fair value of ESOs by extending the performance-vested option pricing model. The model developed in this study takes both vesting period and forfeiture rate into consideration to capture characteristics of ESOs. Empirical and sensitivity analyses give evidence for the importance of these two elements. Empirical results also support that the derived model can be employed to increase the accuracy of ESOs' fair value.

原文English
頁(從 - 到)1083-1106
頁數24
期刊Accounting and Finance
53
發行號4
DOIs
出版狀態Published - 2013 十二月 1

    指紋

All Science Journal Classification (ASJC) codes

  • Accounting
  • Finance
  • Economics, Econometrics and Finance (miscellaneous)

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