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© 2004

Employee Stock Option Compensation

A behavioral finance approach

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Part of the Management, Organisation und ökonomische Analyse book series (MOÖA, volume 2)

Table of contents

  1. Front Matter
    Pages I-XV
  2. Florian Cornelis Wolff
    Pages 1-14
  3. Florian Cornelis Wolff
    Pages 15-52
  4. Florian Cornelis Wolff
    Pages 53-77
  5. Florian Cornelis Wolff
    Pages 79-144
  6. Florian Cornelis Wolff
    Pages 145-193
  7. Florian Cornelis Wolff
    Pages 195-215
  8. Florian Cornelis Wolff
    Pages 217-222
  9. Back Matter
    Pages 223-255

About this book

Introduction

Stock options have become a common part of the compensation of executives in many companies. Their use has created a significant amount of controversy among academics as well as among the general public.

Florian Cornelis Wolff addresses an aspect often overlooked in debate but crucial for assessment: How do executives themselves see their stock options? How do their personal expectations and risk preferences affect the value they assign to them? To answer these questions classical option valuation approaches need to be combined with recent findings from the field of behavioural finance. The result is quite surprising: It is because people behave irrationally that stock options may be worth their money.

Keywords

Aktienoptionen Behavioral Finance Bewertung Incentive Management Management-Vergütung Prospect theory Prospekt-Theorie Stock options Vergütung assessment

About the authors

Dr. Florian Wolff promovierte bei Prof. Dr. Peter-J. Jost am Lehrstuhl für Organisationstheorie der Wissenschaftlichen Hochschule für Unternehmensführung (WHU) in Vallendar. Er ist Unternehmensberater bei McKinsey & Company, Inc. in München.

Bibliographic information

  • Book Title Employee Stock Option Compensation
  • Book Subtitle A behavioral finance approach
  • Authors Florian Wolff
  • Series Title Management, Organisation und ökonomische Analyse
  • DOI https://doi.org/10.1007/978-3-322-81849-2
  • Copyright Information Gabler Verlag | Springer Fachmedien Wiesbaden GmbH, Wiesbaden 2004
  • Publisher Name Deutscher Universitätsverlag
  • eBook Packages Springer Book Archive
  • Softcover ISBN 978-3-8244-8213-9
  • eBook ISBN 978-3-322-81849-2
  • Edition Number 1
  • Number of Pages XV, 253
  • Number of Illustrations 29 b/w illustrations, 0 illustrations in colour
  • Topics Human Resource Management
  • Buy this book on publisher's site
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