Publication in refereed journal
香港中文大学研究人员 ( 现职)
| 庄太量教授 (经济学系) |
全文
| 数位物件识别号 (DOI) http://dx.doi.org/10.1002/fut.21726 |
引用次数
Web of Sciencehttp://aims.cuhk.edu.hk/converis/portal/Publication/0WOS source URL
其它资讯
摘要In this article, on the basis of stochastic volatility (SV) models, we extend the approach of option pricing for executive stock options (ESOs) under FAS 123. Based on this extension, a sample of Chinese listed companies' ESOs are priced. We analyze the effect of the some important financial variables on the implementation of ESOs. It is found that in China, firms with higher market risk and larger size are likely to have a higher ESO proportion in their executive incentive plans. The effects of the book-to market ratio, stock price volatility, executive shareholding proportion, and the leverage ratio are also examined. (c) 2http://aims.cuhk.edu.hk/converis/portal/Publication/015 Wiley Periodicals, Inc. Jrl Fut Mark 35:953-96http://aims.cuhk.edu.hk/converis/portal/Publication/0, 2http://aims.cuhk.edu.hk/converis/portal/Publication/015
着者Chong TTL, Ding Y, Li Y
期刊名称Journal of Futures Markets
出版年份2http://aims.cuhk.edu.hk/converis/portal/Publication/015
月份1http://aims.cuhk.edu.hk/converis/portal/Publication/0
日期1
卷号35
期次1http://aims.cuhk.edu.hk/converis/portal/Publication/0
出版社WILEY-BLACKWELL
页次953 - 96http://aims.cuhk.edu.hk/converis/portal/Publication/0
国际标準期刊号http://aims.cuhk.edu.hk/converis/portal/Publication/027http://aims.cuhk.edu.hk/converis/portal/Publication/0-7314
电子国际标準期刊号1http://aims.cuhk.edu.hk/converis/portal/Publication/096-9934
语言英式英语
Web of Science 学科类别Business & Economics; Business, Finance
