... at: malghalith@gmail.com © Emerald Group Publishing Limited 2008 Input/output analysis Hedging Pricing Financial risk Stock options The vast majority of the literature that dealt with hedging considered output price and output uncertainty. Many of these papers lacked generality...

... The paper will be of value to those interested in using/pricing/hedging Asian options. Pricing Stock options Asset valuation Risk analysis Asian options, also known as average options, are one of the most popular exotic options. Since the payoff of an Asian option depends on the average price...

...Michele Moretto; Giampaolo Rossini Purpose Firms grant non‐tradable stock options to their employees as an incentive device. Is the cost of issuing these options equal to the amount the company would receive if it sold the same options to outside investors? The evaluation of this cost is the main...