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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.

Author: Christoffersen, Peter, Jacobs, Kris
Publisher: Elsevier B.V.
Publication Name: Journal of Financial Economics
Subject: Economics
ISSN: 0304-405X
Year: 2004
Value (Economics)

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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.

Author: Wang, Neng, Grenadier, Steven R.
Publisher: Elsevier B.V.
Publication Name: Journal of Financial Economics
Subject: Economics
ISSN: 0304-405X
Year: 2005
Science & research, Research, Capital investments, Capital investment

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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.

Author: Oyer, Paul, Schaefer, Scott
Publisher: Elsevier B.V.
Publication Name: Journal of Financial Economics
Subject: Economics
ISSN: 0304-405X
Year: 2005
Usage, Economic aspects, Employee stock options, Regression analysis

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Subjects list: United States, Analysis, Options (Finance)
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