'The True and Fair View' of Executive Stock Option Valuation

We compare the market values of executive stock option (ESO) trades with their Black & Scholes (1973) model values calculated following the major accounting standards, SFAS No. 123r and IFRS2. Our results show major underpricing compared to the traditional B&S method values. This should be c...

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Veröffentlicht in:	The European accounting review 2006-09, Vol.15 (3), p.351-366
Hauptverfasser:	Ikäheimo, Seppo, Kuosa, Nuutti, Puttonen, Vesa
Format:	Artikel
Sprache:	eng
Schlagworte:	Accounting standards Accounting theory Business organization Comparative analysis FASB statements Financial accounting Financial accounting standards Financial models IFRS 2 International accounting standards International Financial Reporting Standards Market value Options on stocks Senior management SFAS 123R Stock options Stock prices Studies
Online-Zugang:	Volltext
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