2003年
Using Warrants as Synthetic Stock Options: A Note
社会科学ジャーナル (ICU)
- 巻
- 50
- 号
- 50
- 開始ページ
- 71
- 終了ページ
- 80
- 記述言語
- 英語
- 掲載種別
- 研究論文(大学,研究機関等紀要)
- DOI
- 10.34577/00002866
- 出版者・発行元
- 国際基督教大学社会科学研究所
Before stock options were legalized in Japan, companies expenmented with instruments referred to as synthetic stock options. As Sony was pioneering in the use of this instrument, It is often referred to as the Sony type synthetic stock option. Applying the methodology developed in Muelbroek (2001) we find the empirical evidence suggests that Sony executives did not value the warrants at a discount even when assuming they are completely undiversified.
- リンク情報
- ID情報
-
- DOI : 10.34577/00002866
- ISSN : 0454-2134
- CiNii Articles ID : 40005893631
- CiNii Books ID : AN00088847