Journal article
Company stock rewards on the evaluation of investor’s remuneration package with stochastic income
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Publication Details Author list: Kebareng I. Moalosi-Court*,‡, Edward M. Lungu*,§ and Elias R. Offen†, Publication year: 2019 Volume number: 5 Issue number: 2 Start page: 19500171 End page: 195001717 Number of pages: 175501547 |
We consider a risk averse investor as are who has a bond, is rewarded with units of company stock option and is endowed with stochastic income. First, we derive and analyzes the optimal investment threshold and investment value function of the investor. Second, we determine a remuneration package and the utility indifference pricing of this risk averse investor and analyze the results for two utility functions; the exponential and logarithmic utilities. From these results, we conclude that the more units of company stock the investor receives, the higher the chances of increasing the total wealth or profit
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