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Chapter 3: Top-Down Valuation Approach
https://doi.org/10.1142/9789813209640_0003Cited by:0 (Source: Crossref)
Abstract:
The following sections are included:
Introduction
Valuation Methodology
Payoff structure
Job termination and exercise process
PDEs for ESO valuation
Numerical Methods and Implementation
Fast Fourier transform
Finite difference method
Numerical examples
Stochastic Exercise Intensity
Maturity Randomization
Vested ESO
Unvested ESO
Implied Maturity
Conclusion
