Browsing Department of Accounting by Author "Kuo, Chii Shyan"
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The Pricing And Determinants Of The Discretionary Component Of Employee Stock Option Value
Kuo, Chii Shyan (Accounting, 2007-09-19)In this study, I first re-examine the pricing effect of employee stock option (ESO) value. I find a negative association between ESO value and share price, supporting the view that investors view ESO value as an expense ...