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Call options with concave payoffs: An application to executive stock options |
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| Authors: | Kwangil Bae Jangkoo Kang Hwa‐Sung Kim |
| Affiliation: | 1. College of Business Administration, Chonnam National University, Gwangju, South Korea;2. College of Business, KAIST, Seoul, South Korea;3. School of Management, Kyung Hee University, Seoul, South Korea |
| Abstract: | |
| Keywords: | bull spread concave payoff executive value incentive effect log option power option |
