Valuing Employee Stock Options

Includes CD-ROM with Employee Stock Option Valuation Toolkit 1.1 (Demo Version)

Johnathan Mun - Collection Wiley Finance

310 pages, parution le 17/11/2004

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Résumé

A comprehensive guide to understanding the implications and applications of valuing employee stock options in light of the new FAS 123 requirements

Due to the new requirements of the Proposed Statement of Financial Accounting Standards (FAS 123) released by the Financial Accounting Standards Board (FASB)-namely the fact that employee services received in exchange for equity instruments be recognized in financial statements-companies are now scrambling to learn how to value and expense employee stock options (ESOs). Based on author Dr. Johnathan Mun's consulting and advisory work with the FASB consulting projects with several Fortune 500 firms, Valuing Employee Stock Options provides readers with a comprehensive look at this complex issue.

Filled with valuable information on binomial lattice and closed-form modeling techniques, Valuing Employee Stock Options can help financial professionals make informed decisions when attempting to ascertain the fair-market value of ESOs under the new requirements.

L'auteur - Johnathan Mun

is Vice President of Analytics at Decisioneering, Inc., a software, training, and consulting firm specializing in advanced analytics. His duties focus primarily on heading up the development of real options and financial analytics software powered by Crystal Ball. Prior to joining Decisioneering, he was a consulting manager and financial economist in the Valuation Services and Global Financial Services practice of KPMG consulting, and a manager with the Economic Consulting Services practice at KPMG LLP. He holds a PhD in finance and economics, an MBA and MS in management, and a BS in biophysics. Mun is also certified in Financial Risk Management and in Financial Consulting. He is currently a visiting professor in finance, economics, and statistics at various universities, including University of Applied Sciences (Germany), Swiss School of Management (Switzerland), and Golden Gate University (California). Mun is the author of two other books, Real Options Analysis and the Real Options Analysis Course, both published by Wiley. He continues to offer worldwide seminars and lectures on the topics of real options, simulation and risk analysis, and corporate finance.

Sommaire

List of Figures and Tables
Preface
Acknowledgments
About the Author
Impacts Of The New Fas 123 Methodology
- Implications of the New FAS 123 Requirements
- The 2004 Proposed FAS 123 Requirements
- Impact on Valuation
- Haircuts on Nonmarketability, Modified Black-Scholes with Expected Life, and Dilution
- Applicability of Monte Carlo Simulation
- Expense Attribution Schedule
Technical Background Of The Binomial Lattice And Black-Scholes Models
- Brief Technical Background
- Binomial Lattices in Technical Detail
- The Model Inputs
A Sample Case Study Applying Fas
- A Sample Case Study
Options Valuation Results Tables
Appendix : Getting Started with the Options Valuation Results Tables
Glossary
Notes
About the CD-ROM
Index

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Caractéristiques techniques

	PAPIER
Éditeur(s)	Wiley
Auteur(s)	Johnathan Mun
Collection	Wiley Finance
Parution	17/11/2004
Nb. de pages	310
Format	16 x 24
Couverture	Relié
Poids	558g
Intérieur	Noir et Blanc
EAN13	9780471705123
ISBN13	978-0-471-70512-3