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| Customer Resources |
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Equity Methods leverages our academic roots to continually innovate our products and services through thorough and relevant research. This library contains both academic and practitioner papers related to option expensing and FAS 123R compliance.
Articles discussing the methodology of utility-based valuation models include:
- Jonathan Ingersoll Jr., "The Subjective and Objective Evaluation of Incentive Stock Options," Yale International Center for Finance Working Paper No. 02-07, February 2002, [on file]. View Abstract
- Richard Lambert, David Larcker, and Robert Verrecchia, "Portfolio Considerations in Valuing Executive Compensation," Journal of Accounting Research, Vol. 29, No. 1, 1991, (p. 129). View Abstract
- Vicky Henderson, "Stock Based Compensation: Firm-specific Risk, Efficiency, and Incentives," Working Paper, November 26, 2001, [on file]. View Abstract
- Clifford Smith and Jerold Zimmerman, "Valuing Employee Stock Option Plans Using Option Pricing Models," Journal of Accounting Research, 1976, (p. 357).
The merits of a binomial pricing model are discussed in these two articles:
- Jerome Detemple and Suresh Sundaresan, "Nontraded Asset Valuation with Portfolio Constraints: a Binomial Approach," The Review of Financial Studies, Vol. 12, No. 4, 1999 (p. 835). View Abstract
- Jennifer Carpenter, "The Exercise and Valuation of Executive Stock Options," Journal of Financial Economics, 48, 1998, (p. 127).
Articles pertaining to the optimality of exercising options early and other related theories that are pertinent to the study of stock-based compensation are found below:
- Brian Hall and Kevin Murphy, "Stock Options for Undiversified Executives," Journal of Accounting and Economics, 32, 2002, (p. 3). View Abstract
- Brian Hall and Thomas Knox, "Negotiation, Organizations, and Markets," Harvard NOM Research Paper No. 02-019, May 2002, [on file]. View Abstract
- Michael Jensen and Kevin Murphy, "Performance Pay and Top Management Incentives," The Journal of Political Economy, Vol. 98, No. 2, 1990, (p. 225). View Abstract
- Steven Huddart and Mark Lang, "Employee Stock Option Exercises: An Empirical Analysis," Journal of Accounting and Economics, 21, 1996, (p. 5). View Abstract
- Stacey Kole, "The Complexity of Compensation Contracts," Journal of Financial Economics, 43, 1997, (p. 79). View Abstract
- Richard Lambert and David Larcker, "An Analysis of the Use of Accounting and Market Measures of Performance in Executive Compensation Contracts," Journal of Accounting Research, Vol. 25 Supplement, 1987, (p. 85).
- Shane Johnson and Yisong Tian, "The Value and Incentive Effects of Nontraditional Executive Stock Option Plans," Journal of Financial Economics, 57, 2000, (p. 3).
- Lisa Muelbroek and Li Jin, "Do Underwater Executive Stock Options Still Align Incentives? The Effect of Stock Price Movements on Managerial Incentive Alignment," Harvard Business School Working Paper, 02-002, May 2002, [on file].
- David Yermack, "Do Corporations Award CEO Stock Options Effectively?" Journal of Financial Economics, 39, 1995, (p. 237).
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