Employee Stock Options: Exercise Timing, Hedging, And Valuation by Tim Siu-tang

Description: Employee Stock Options: Exercise Timing, Hedging, And Valuation by Tim Siu-tang Leung Employee stock options (ESOs) are an integral component of compensation in the US. In fact, almost all S&P 500 companies grant options to their top executives, and the total value accounts for almost half of the total pay for their CEOs. In view of the ex FORMAT Hardcover LANGUAGE English CONDITION Brand New Publisher Description Employee stock options (ESOs) are an integral component of compensation in the US. In fact, almost all S&P 500 companies grant options to their top executives, and the total value accounts for almost half of the total pay for their CEOs. In view of the extensive use and significant cost of ESOs to firms, the Financial Accounting Standards Board (FASB) has mandated expensing ESOs since 2004. This gives rise to the need to create a reasonable valuation method for these options for most firms that grant ESOs to their employees. The valuation of ESOs involves a number of challenging issues, and is thus an important active research area in Accounting, Corporate Finance, and Financial Mathematics.In this exciting book, the author discusses the practical and challenging problems surrounding ESOs from a financial mathematicians perspective. This book provides a systematic overview of the contractual features of ESOs and thoughtful discussions of different valuation approaches, with emphasis on three major aspects: (i) hedging strategies; (ii) exercise timing; and (iii) valuation methodologies. In addition to addressing each of these categories, this book also highlights their connections and combined effects of the cost of ESOs to firms, as well as examines the implications to modeling and valuation approaches. The book features a unique approach that combines stochastic modeling and control techniques with option pricing theory, and provides formulas and numerical schemes for fast implementation and clear illustration. Details ISBN9813209631 Publisher World Scientific Publishing Co Pte Ltd Series Modern Trends In Financial Engineering ISBN-10 9813209631 ISBN-13 9789813209633 Format Hardcover Place of Publication Singapore Country of Publication Singapore Year 2021 Language English Pages 228 Publication Date 2021-08-11 UK Release Date 2021-08-11 Author Tim Siu-tang Leung DEWEY 331.21649 Series Number 3 Audience Tertiary & Higher Education Imprint World Scientific Publishing Co Pte Ltd We've got this At The Nile, if you're looking for it, we've got it. With fast shipping, low prices, friendly service and well over a million items - you're bound to find what you want, at a price you'll love! TheNile_Item_ID:136193978;

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