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Malmendier & Tate CEO Overconfidence (view source)
Revision as of 17:00, 9 September 2016
, 17:00, 9 September 2016Created page with "Variables necessary to replicate Malmendier & Tate Over confidence measures: Value of Options, year in which option was exercised, mean stock price in year of exercise, media..."
Variables necessary to replicate Malmendier & Tate Over confidence measures:
Value of Options, year in which option was exercised, mean stock price in year of exercise, median stock price in year of exercise, high stock price in year of exercise,
*Malmendier & Tate use the 5th year after a person becomes CEO because across various packages it is the first year in which at least part of the option packages in the sample are exercisable.
*67% In the money appears to mean that the market price has appreciated 67% from the five years since
Value of Options, year in which option was exercised, mean stock price in year of exercise, median stock price in year of exercise, high stock price in year of exercise,
*Malmendier & Tate use the 5th year after a person becomes CEO because across various packages it is the first year in which at least part of the option packages in the sample are exercisable.
*67% In the money appears to mean that the market price has appreciated 67% from the five years since
