Real Option Analysis Third Edition

Real Option Analysis Third Edition

Modeling Risk Third Edition

Modeling Risk Third Edition

Advanced Analytical Models Second Edition

Advanced Analytical Models Second Edition

Credit Engineering for Bankers, Second Edition

Credit Engineering for Bankers, Second Edition

The Banker’s Handbook on Credit Risk

The Banker’s Handbook on Credit Risk

Readings in Certified Quantitative Risk Management (CQRM)

Readings in Certified Quantitative Risk Management (CQRM)

Case Studies in Certified Quantitative Risk Manage

Case Studies in Certified Quantitative Risk Manage

Risk Simulator User Manual

Risk Simulator User Manual

Project Economics Analysis Tool (PEAT)

Project Economics Analysis Tool (PEAT)

Real Options SLS User Manual

Real Options SLS User Manual

Modeling Risk

Modeling Risk

Real Options Analysis, 2nd Edition

Real Options Analysis, 2nd Edition

Advance Analytical Model

Advance Analytical Model

Valuing Employee Stock Options

Valuing Employee Stock Options

Applying Monte Carlo Simulation, Real Options Analysis, Stochastic Forecasting, and Optimization

Applying Monte Carlo Simulation, Real Options Analysis, Stochastic Forecasting, and Optimization

Applied Risk

Applied Risk

Real Options Analysis Course

Real Options Analysis Course

Real Options Analysis: Tools and Techniques for Valuing Strategic Investments & Decisions

Real Options Analysis: Tools and Techniques for Valuing Strategic Investments & Decisions

Modelación de Riesgos (Tercera Edición)

Modelación de Riesgos (Tercera Edición)

Faith Journey

Faith Journey

Risk Simulator (Simulador de Riesgo)

Risk Simulator (Simulador de Riesgo)

Managing Your Finances God’s Way

Managing Your Finances God’s Way

Súper Enrejado Solucionador de Real Options

Súper Enrejado Solucionador de Real Options

What Is So Real About Real Options, and Why Are They Optional?

What Is So Real About Real Options, and Why Are They Optional?

BOOKS BY DR. JOHNATHAN MUN

Our founder and CEO is a world-renowned expert in the fields of real options analysis, options valuation, and simulation applications, and has written numerous articles and books on those and related subjects. Following is a sampling of his books that are pertinent to the software, consulting, training, and services provided by Real Options Valuation, Inc.

Valuing Employee Stock Options Under 2004 FAS 123 (Wiley Finance, 2004)

Value Employee Stock Options

O Financial Accounting Standards Board (FASB) lançou um projeto de declaração de Normas de Contabilidade Financeira (FAS) em 2004 que alterou as declarações 123 e 95 anteriores da FAS. Logo depois, o Wall Street Journal chamou essa versão “uma das medidas de maior alcance que o Financial Accounting Standards Board fez em seus 30 anos de história.” Como resultado, as empresas devem aprender como o valor e a despesa são empregados de forma rigorosa e eficiente com opções de ações do empregados (ESOs). Baseado no trabalho de assessoria do autor Johnathan Mun com o FASB entre 2003 e 2004, seu trabalho de pesquisa de graduação na área de análise de opções, e atuais projetos de consultoria da FAS 123 com várias empresas Fortune 500, Valuing Employee Stock Options fornece uma compreensão abrangente de aplicações para a avaliação de uma árvore binomial customizada através de uma avaliação sistemática e objetiva da metodologia.

Este recurso just-in-time inclui seções informativas que:

  • Analisam o impacto do Custo ESO
  • Ilustraram as questões de avaliação de mercado através de uma avaliação analítica de três abordagens principais utilizadas em precificação de opções
  • Discutem a formação técnica necessária para executar o Black-Scholes model (BSM) e árvores binomiais customizadas
  • Executam, através de exemplos de estudos de casos aprofundados, o FAS 123
  • Fornecem múltiplas opções de resultados de avaliação que se revelam úteis a partir da perspectiva, tanto do analista quando do diretor financeiro

As análises realizadas neste livro também usa os algorismos de computador da árvore binomial customizada de propriedade do próprio autor, assim como o Real Options Analysis Toolkit e o software Risk Simulator simulation. Preenchida com profundo insight e consultoria especializada, Valuing Employee Stock Options pode ajudar CFOs e diretores financeiros assim como e contabilistas a compreender as implicações e aplicações de Valorar Opções de empregados empreendedores a luz das sempre mutáveis regras financeiras e regulamentos de hoje em dia.

“Veritas has modeled the valuation of its employee stock options for analytical purposes using a proprietary customized binomial lattice developed by Dr. Johnathan Mun. The valuation based on the customized binomial lattice model allows us to take into account the impacts of multiple vesting periods, employee suboptimal exercise behavior, forfeiture rates, changing risk-free rates, and changing volatilities over the life of the option. . . . The customized binomial lattice model resulted in a considerably lower expense, considering the expensing guidelines included in the FAS 123.”

-Don Rath, Vice President, Tax and Stock Administration, Veritas Software Corporation

“This is one of those rare books written in anticipation of a major shift in the industry and economy. FAS 123 will throw a lot of public companies into a frenzy . . . the smart ones are identifying the opportunity to master the process and take over the driver’s seat. The methodology and the tools developed by Dr. Johnathan Mun are proven, pragmatic, and offer a great deal of value and benefit to those early adopters.”

-Dr. Markus Junginger, Managing Partner, IBCOL Consulting

“After extensive review of the FASB exposure draft and consideration of a variety of option valuation methodologies, E*TRADE FINANCIAL has decided to implement a binomial lattice model in Equity Edge, our stock plan management and reporting software. We found Dr. Mun’s work on employee stock option pricing very valuable.”

-Naveen Agarwal, Director, Product Management, E*TRADE FINANCIAL Corporation