Regional Vice President of Sales The Retirement Plan Company
|
Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
|
Loan & Distribution Specialist AimPoint Pension
|
Compass
|
Bates & Company, Inc.
|
AimPoint Pension
|
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
Risk, Ambiguity, and the Exercise of Employee Stock Options
National Bureau of Economic Research [NBER] Mar. 17, 2014
"[The authors] investigate the importance of ambiguity, or Knightian uncertainty, in executives' decisions about when to exercise stock options. [They] develop an empirical estimate of ambiguity and include it in regression models alongside the more traditional measure of risk, equity volatility.... [E]ach variable has a statistically significant effect on the timing of option exercises, with volatility causing executives to hold their options longer in order to preserve remaining option value, and ambiguity increasing the tendency for executives to exercise early in response to risk aversion."
|
Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |