Optimal exercise prices for executive stock options

American Economic Review

Volumn 90, Issue 2, 2000, Pages 209-214

  Hall, Brian J ^a   Murphy, Kevin J ^b  

^a HARVARD BUSINESS SCHOOL   (United States)

^b UNIVERSITY OF SOUTHERN CALIFORNIA   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0000836086     PISSN: 00028282     EISSN: None     Source Type: Journal    
DOI: 10.1257/aer.90.2.209     Document Type: Article

References (8)

1. American Compensation Association. 1997-1998 Salary budget survey. Scottsdale, AZ: American Compensation Association, 1997.
2. Black, Fischer and Scholes, Myron. "The Pricing of Options and Corporate Liabilities." Journal of Political Economy, May-June 1973, 81(3), pp. 637-54.
3. Hall, Brian J. and Liebman, Jeffrey B. "Are CEOs Really Paid Like Bureaucrats?" Quarterly Journal of Economics, August 1998, 113(3), pp. 653-91.
4. Hall, Brian J. and Murphy, Kevin J. "Stock Options for Undiversified Executives." Mimeo, Harvard Business School, January 2000.
5. Hull, John. Options, futures, and other derivative securities, 2nd Ed. Englewood Cliffs, NJ: Prentice-Hall, 1993.
6. Lambert, Richard A.; Larcker, David F. and Verrecchia, Robert E. "Portfolio Considerations in Valuing Executive Compensation." Journal of Accounting Research, Spring 1991, 29(1), pp. 129-49.
7. Murphy, Kevin J. "Executive Compensation," in Orley Ashenfelter and David Card, eds., Handbook of labor economics, Vol. III. 1999, Amsterdam: North-Holland, pp. 2485-2563.
8. Rappaport, Alfred. "New Thinking on How To Link Executive Pay with Performance." Harvard Business Review, March/April 1999, 72(2), pp. 91-101.