An Empirical Analysis of Stock Option Valuation Methodologies in Closely Held U S Corporations

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Publisher : Universal-Publishers
ISBN 13 : 1599427192
Total Pages : 126 pages
Book Rating : 4.5/5 (994 download)

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Book Synopsis An Empirical Analysis of Stock Option Valuation Methodologies in Closely Held U S Corporations by : Mike Fred Balm

Download or read book An Empirical Analysis of Stock Option Valuation Methodologies in Closely Held U S Corporations written by Mike Fred Balm and published by Universal-Publishers. This book was released on 2009-05 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt: The introduction of fair value accounting for stock options has required private companies to apply stock option valuation methodologies that were designed to be applied to their public counterparts. The two recommended methodologies, the Black-Scholes formula and the Binomial Lattice model, require the valuator to provide an input for estimated volatility; for private companies that do not have a trading history there is limited guidance regarding the determination of volatility, which results in diverging and incorrect estimates. Based on a sample representing 178 companies who filed and completed an IPO in 2006, this study analyzed the accuracy of the recommended valuation methodologies when applied to closely held US corporations. The study outlines the importance of volatility to the value of the options and proceeds to document, by comparing the private (pre-IPO) and public (post-IPO) data, that in 51% of the cases the volatility was either over- or under-stated by more than 10%. In addition, the study shows a bias towards overstatement in the less than 10% variance group. The study further demonstrates that a marginal change in volatility has a significant impact on the company's total stock-based compensation expense and consequently misstates earnings.

The Value Line Daily Options Survey

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Publisher :
ISBN 13 :
Total Pages : 364 pages
Book Rating : 4.:/5 ( download)

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Book Synopsis The Value Line Daily Options Survey by :

Download or read book The Value Line Daily Options Survey written by and published by . This book was released on 2000 with total page 364 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Value Line Options

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Publisher :
ISBN 13 :
Total Pages : 1242 pages
Book Rating : 4.:/5 ( download)

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Book Synopsis Value Line Options by :

Download or read book Value Line Options written by and published by . This book was released on 1994 with total page 1242 pages. Available in PDF, EPUB and Kindle. Book excerpt:

CMT Level I 2017

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Publisher : John Wiley & Sons
ISBN 13 : 1119361672
Total Pages : 640 pages
Book Rating : 4.1/5 (193 download)

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Book Synopsis CMT Level I 2017 by : Market Technician's Association

Download or read book CMT Level I 2017 written by Market Technician's Association and published by John Wiley & Sons. This book was released on 2017-01-04 with total page 640 pages. Available in PDF, EPUB and Kindle. Book excerpt: Everything you need to pass Level I of the CMT Program CMT Level I 2017: An Introduction to Technical Analysis fully prepares you to demonstrate the basic competencies of an entry-level analyst, including a working knowledge of terminology and the ability to discuss key concepts and fundamental analytical tools. Covered topics address theory and history, markets, market indicators, construction, confirmation, cycles, selection and decision, system testing, and statistical analysis. The Level I exam emphasizes trend, chart, and pattern analysis. This cornerstone guidebook of the Chartered Market Technician® Program will provide every advantage to passing Level I.

CMT Level I 2018

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Author :
Publisher : John Wiley & Sons
ISBN 13 : 1119474531
Total Pages : 648 pages
Book Rating : 4.1/5 (194 download)

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Book Synopsis CMT Level I 2018 by : Wiley

Download or read book CMT Level I 2018 written by Wiley and published by John Wiley & Sons. This book was released on 2018-01-04 with total page 648 pages. Available in PDF, EPUB and Kindle. Book excerpt: Everything you need to pass Level I of the CMT Program CMT Level I 2018: An Introduction to Technical Analysis fully prepares you to demonstrate the basic competencies of an entry-level analyst, including a working knowledge of terminology and the ability to discuss key concepts and fundamental analytical tools. Covered topics address theory and history, markets, market indicators, construction, confirmation, cycles, selection and decision, system testing, and statistical analysis. The Level I exam emphasizes trend, chart, and pattern analysis. This cornerstone guidebook of the Chartered Market Technician® Program will provide every advantage to passing the Level I CMT Exam.

The Derivatives Sourcebook

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Publisher : Now Publishers Inc
ISBN 13 : 1933019212
Total Pages : 225 pages
Book Rating : 4.9/5 (33 download)

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Book Synopsis The Derivatives Sourcebook by : Terence Lim

Download or read book The Derivatives Sourcebook written by Terence Lim and published by Now Publishers Inc. This book was released on 2006 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Derivatives Sourcebook is a citation study and classification system that organizes the many strands of the derivatives literature and assigns each citation to a category. Over 1800 research articles are collected and organized into a simple web-based searchable database. We have also included the 1997 Nobel lectures of Robert Merton and Myron Scholes as a backdrop to this literature.

Option Strategies for Earnings Announcements

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Publisher : FT Press
ISBN 13 : 0132947404
Total Pages : 258 pages
Book Rating : 4.1/5 (329 download)

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Book Synopsis Option Strategies for Earnings Announcements by : Ping Zhou

Download or read book Option Strategies for Earnings Announcements written by Ping Zhou and published by FT Press. This book was released on 2012-10-15 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: By trading on corporate earnings, investors can reliably profit in both up and down markets, while avoiding market risk for nearly the entire quarter. In this book, two leading traders and portfolio managers present specific, actionable techniques anyone can use to capture these sizable profits. Ping Zhou and John Shon have performed an unprecedented empirical analysis of thousands of stocks, reviewing tens of millions of data points associated with option prices, earnings announcement returns, and fundamentals. Their massive analysis has identified consistent opportunities associated with focusing on the magnitude of the market’s reaction to earnings, not its direction. Option Trading Set-Ups for Corporate Earnings News offers concrete guidance for improving the likelihood of making correct forecasts, and managing the risks of incorrect forecasts. It introduces several ways to exploit option trading opportunities around earnings news, discuss crucial issues that most retail investors haven’t considered, and explore aspects of earnings-related option trading that have never been empirically examined and documented before. For example, they identify hidden patterns and potential opportunities based on valuation, industry, volatility, analyst forecasts, seasonality, and trades that immediately follow earnings announcements. Simply put, trading on earnings reports offers immense profit opportunities, if you know how. This book provides incontrovertible facts and detailed strategies, not just theories and anecdotes!

Conducting Empirical Analysis

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Publisher : SAGE
ISBN 13 : 1483305155
Total Pages : 291 pages
Book Rating : 4.4/5 (833 download)

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Book Synopsis Conducting Empirical Analysis by : Rosalee A. Clawson

Download or read book Conducting Empirical Analysis written by Rosalee A. Clawson and published by SAGE. This book was released on 2010-12-14 with total page 291 pages. Available in PDF, EPUB and Kindle. Book excerpt: Conducting Empirical Analysis is an ideal way to marry substance with skills, getting students to experience the joy of discovery firsthand. Through straightforward instruction and guided examples, Clawson and Oxley show students how to conduct web-based data analysis using UC Berkeley’s Survey Documentation and Analysis (available online for free) to answer questions about party identification or attitude stability, and to measure racial prejudice and political knowledge. Exercises cover a range of data collection techniques, survey research, and statistical analyses, ramping up from multiple-choice and open-ended questions to mini-research projects. An instructor’s guide with solutions is available for adopters.

Computational Intelligence Applications to Option Pricing, Volatility Forecasting and Value at Risk

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Publisher : Springer
ISBN 13 : 331951668X
Total Pages : 177 pages
Book Rating : 4.3/5 (195 download)

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Book Synopsis Computational Intelligence Applications to Option Pricing, Volatility Forecasting and Value at Risk by : Fahed Mostafa

Download or read book Computational Intelligence Applications to Option Pricing, Volatility Forecasting and Value at Risk written by Fahed Mostafa and published by Springer. This book was released on 2017-02-28 with total page 177 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book demonstrates the power of neural networks in learning complex behavior from the underlying financial time series data. The results presented also show how neural networks can successfully be applied to volatility modeling, option pricing, and value-at-risk modeling. These features mean that they can be applied to market-risk problems to overcome classic problems associated with statistical models.

Real Options and Investment Under Uncertainty

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Publisher : MIT Press
ISBN 13 : 9780262693189
Total Pages : 890 pages
Book Rating : 4.6/5 (931 download)

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Book Synopsis Real Options and Investment Under Uncertainty by : Eduardo S. Schwartz

Download or read book Real Options and Investment Under Uncertainty written by Eduardo S. Schwartz and published by MIT Press. This book was released on 2004 with total page 890 pages. Available in PDF, EPUB and Kindle. Book excerpt: The study of investment under uncertainty was stagnant for several decades until developments in real options revitalized the field. The topics covered in this book include the reasons behind the under-investment programme.

Annual Report

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Publisher :
ISBN 13 :
Total Pages : 184 pages
Book Rating : 4.:/5 (319 download)

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Book Synopsis Annual Report by : United States. Commodity Futures Trading Commission

Download or read book Annual Report written by United States. Commodity Futures Trading Commission and published by . This book was released on 1983 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Subject Catalog

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Publisher :
ISBN 13 :
Total Pages : 1024 pages
Book Rating : 4.:/5 (891 download)

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Book Synopsis Subject Catalog by : Library of Congress

Download or read book Subject Catalog written by Library of Congress and published by . This book was released on with total page 1024 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Handbook of the Economics of Finance

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Author :
Publisher : Elsevier
ISBN 13 : 9780444513632
Total Pages : 698 pages
Book Rating : 4.5/5 (136 download)

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Book Synopsis Handbook of the Economics of Finance by : G. Constantinides

Download or read book Handbook of the Economics of Finance written by G. Constantinides and published by Elsevier. This book was released on 2003-11-04 with total page 698 pages. Available in PDF, EPUB and Kindle. Book excerpt: Arbitrage, State Prices and Portfolio Theory / Philip h. Dybvig and Stephen a. Ross / - Intertemporal Asset Pricing Theory / Darrell Duffle / - Tests of Multifactor Pricing Models, Volatility Bounds and Portfolio Performance / Wayne E. Ferson / - Consumption-Based Asset Pricing / John y Campbell / - The Equity Premium in Retrospect / Rainish Mehra and Edward c. Prescott / - Anomalies and Market Efficiency / William Schwert / - Are Financial Assets Priced Locally or Globally? / G. Andrew Karolyi and Rene M. Stuli / - Microstructure and Asset Pricing / David Easley and Maureen O'hara / - A Survey of Behavioral Finance / Nicholas Barberis and Richard Thaler / - Derivatives / Robert E. Whaley / - Fixed-Income Pricing / Qiang Dai and Kenneth J. Singleton.

Library of Congress Catalogs

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Publisher :
ISBN 13 :
Total Pages : 1030 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Library of Congress Catalogs by : Library of Congress

Download or read book Library of Congress Catalogs written by Library of Congress and published by . This book was released on 1979 with total page 1030 pages. Available in PDF, EPUB and Kindle. Book excerpt:

投资分析与组合管理

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Publisher : 中信出版社
ISBN 13 : 9787800735042
Total Pages : 1284 pages
Book Rating : 4.7/5 (35 download)

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Book Synopsis 投资分析与组合管理 by : Frank K. Reilly

Download or read book 投资分析与组合管理 written by Frank K. Reilly and published by 中信出版社. This book was released on 2002 with total page 1284 pages. Available in PDF, EPUB and Kindle. Book excerpt: 本书向您介绍了投资分析与组合管理。

IBSS: Economics: 1993 Vol 42

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Publisher : Psychology Press
ISBN 13 : 9780415111478
Total Pages : 660 pages
Book Rating : 4.1/5 (114 download)

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Book Synopsis IBSS: Economics: 1993 Vol 42 by :

Download or read book IBSS: Economics: 1993 Vol 42 written by and published by Psychology Press. This book was released on 1994 with total page 660 pages. Available in PDF, EPUB and Kindle. Book excerpt: This bibliography lists the most important works published in economics in 1993. Renowned for its international coverage and rigorous selection procedures, the IBSS provides researchers and librarians with the most comprehensive and scholarly bibliographic service available in the social sciences. The IBSS is compiled by the British Library of Political and Economic Science at the London School of Economics, one of the world's leading social science institutions. Published annually, the IBSS is available in four subject areas: anthropology, economics, political science and sociology.

Real Options Theory

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Publisher : Emerald Group Publishing
ISBN 13 : 1849504946
Total Pages : 520 pages
Book Rating : 4.8/5 (495 download)

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Book Synopsis Real Options Theory by : Jeffrey J. Reuer

Download or read book Real Options Theory written by Jeffrey J. Reuer and published by Emerald Group Publishing. This book was released on 2007-07-05 with total page 520 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examines the ways in which real options theory can contribute to strategic management. This volume offers conceptual pieces that trace out pathways for the theory to move forward and presents research on the implications of real options for strategic investment, organization, and firm performance.