The importance of the loss function in option valuation
Article Abstract:
Consistency should be maintained while selecting the loss function and the same loss function should be used in parameter estimation and model evaluation. For appropriate comparisons, it is important that during the comparisons of models, the estimation loss function should be the same.
Publication Name: Journal of Financial Economics
Subject: Economics
ISSN: 0304-405X
Year: 2004
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Investment timing, agency, and information
Article Abstract:
The real options method to examine the timing of investment decisions of shareholders and managers of firms in optimal contracts is examined.
Publication Name: Journal of Financial Economics
Subject: Economics
ISSN: 0304-405X
Year: 2005
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Why do some firms give stock options to all employees?: an empirical examination of alternative theories
Article Abstract:
Empirical results of regression analysis, which examine the benefits from issuance of stock options to employees by firms, are presented.
Publication Name: Journal of Financial Economics
Subject: Economics
ISSN: 0304-405X
Year: 2005
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