Valuation and incentives of exotic performance-vesting stock grants with path-dependent (price- and earnings-based) vesting schedules


We quantify analytically the incentive properties of performance-vesting (p-v) stock grants and explore how these grants mitigate agency problems associated with the separation of ownership and control: P-v stock grants with a... [ view full abstract ]


  1. Elisabeth Megally (University of Zurich and Swiss Finance Institute)

Topic Areas

Numerical Methods , Options


WE-A-BU » Managing Conflicting Incentives (11:30 - Wednesday, 18th July, Burke Theater)

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