{"id":"https://openalex.org/W3125501637","doi":"https://doi.org/10.1111/j.1468-036x.2007.00380.x","title":"Managerial Stock Options and the Hedging Premium","display_name":"Managerial Stock Options and the Hedging Premium","publication_year":2007,"publication_date":"2007-08-13","ids":{"openalex":"https://openalex.org/W3125501637","doi":"https://doi.org/10.1111/j.1468-036x.2007.00380.x","mag":"3125501637"},"language":"en","primary_location":{"id":"doi:10.1111/j.1468-036x.2007.00380.x","doi":"https://doi.org/10.1111/j.1468-036x.2007.00380.x","is_oa":false,"landing_page_url":"https://doi.org/10.1111/j.1468-036x.2007.00380.x","pdf_url":null,"source":{"id":"https://openalex.org/S131852005","display_name":"European Financial Management","issn_l":"1354-7798","issn":["1354-7798","1468-036X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-3","jufo-2","norway-1","poland-100","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"European Financial Management","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://doi.org/10.2139/ssrn.585641","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5031507993","display_name":"Niclas Hagelin","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":true,"raw_author_name":"Niclas Hagelin","raw_affiliation_strings":["The Swedish National Debt Office, SE-103 74 Stockholm, Sweden E-mail: [email protected]"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"The Swedish National Debt Office, SE-103 74 Stockholm, Sweden E-mail: [email protected]","institution_ids":[]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5082073091","display_name":"Martin Holm\u00e9n","orcid":"https://orcid.org/0000-0002-6788-0802","observed_orcids":["https://orcid.org/0000-0002-6788-0802"]},"institutions":[{"id":"https://openalex.org/I123387679","display_name":"Uppsala University","ror":"https://ror.org/048a87296","country_code":"SE","type":"education","lineage":["https://openalex.org/I123387679"]}],"countries":["SE"],"is_corresponding":true,"raw_author_name":"Martin Holm\u00e9n","raw_affiliation_strings":["Department of Economics, Uppsala University, Box 513, SE-751 20 Uppsala, Sweden E-mail: [email protected]"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Economics, Uppsala University, Box 513, SE-751 20 Uppsala, Sweden E-mail: [email protected]","institution_ids":["https://openalex.org/I123387679"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5086641101","display_name":"John D. Knopf","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I140172145","display_name":"University of Connecticut","ror":"https://ror.org/02der9h97","country_code":"US","type":"education","lineage":["https://openalex.org/I140172145"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"John D. Knopf","raw_affiliation_strings":["University of Connecticut, Stamford, CT 06901, USA E-mail: [email protected]"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Connecticut, Stamford, CT 06901, USA E-mail: [email protected]","institution_ids":["https://openalex.org/I140172145"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5072304134","display_name":"Bengt Pramborg","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I161593684","display_name":"Stockholm University","ror":"https://ror.org/05f0yaq80","country_code":"SE","type":"education","lineage":["https://openalex.org/I161593684"]}],"countries":["SE"],"is_corresponding":true,"raw_author_name":"Bengt Pramborg","raw_affiliation_strings":["School of Business, Stockholm University, SE-106 91 Stockholm, Sweden E-mail: [email protected]"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Business, Stockholm University, SE-106 91 Stockholm, Sweden E-mail: [email protected]","institution_ids":["https://openalex.org/I161593684"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":3,"corresponding_author_ids":["https://openalex.org/A5031507993","https://openalex.org/A5072304134","https://openalex.org/A5082073091","https://openalex.org/A5086641101"],"corresponding_institution_ids":["https://openalex.org/I123387679","https://openalex.org/I140172145","https://openalex.org/I161593684"],"apc_list":{"value":3350,"currency":"USD","value_usd":3350},"apc_paid":null,"fwci":5.7037,"has_fulltext":false,"cited_by_count":36,"citation_normalized_percentile":{"value":0.96517129,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":98},"biblio":{"volume":"13","issue":"4","first_page":"721","last_page":"741"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T12276","display_name":"Risk Management in Financial Firms","score":0.9735999703407288,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T12276","display_name":"Risk Management in Financial Firms","score":0.9735999703407288,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.014299999922513962,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10067","display_name":"Stochastic processes and financial applications","score":0.004600000102072954,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/hedging","display_name":"hedging","score":0.6119999885559082},{"id":"https://openalex.org/keywords/firm-value","display_name":"firm value","score":0.9520000219345093},{"id":"https://openalex.org/keywords/managerial-incentives","display_name":"managerial incentives","score":0.9449999928474426}],"concepts":[{"id":"https://openalex.org/C29122968","wikidata":"https://www.wikidata.org/wiki/Q1414816","display_name":"Incentive","level":2,"score":0.8806881904602051},{"id":"https://openalex.org/C23032112","wikidata":"https://www.wikidata.org/wiki/Q1344727","display_name":"Enterprise value","level":2,"score":0.7019826769828796},{"id":"https://openalex.org/C2775933567","wikidata":"https://www.wikidata.org/wiki/Q7912771","display_name":"Value premium","level":3,"score":0.6769659519195557},{"id":"https://openalex.org/C2776291640","wikidata":"https://www.wikidata.org/wiki/Q2912517","display_name":"Value (mathematics)","level":2,"score":0.6002457737922668},{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.5181114077568054},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.5172874927520752},{"id":"https://openalex.org/C3017619653","wikidata":"https://www.wikidata.org/wiki/Q187860","display_name":"Stock options","level":2,"score":0.5137172937393188},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5035750269889832},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.43730083107948303},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.404094934463501},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.38594767451286316},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.1736004650592804},{"id":"https://openalex.org/C181236170","wikidata":"https://www.wikidata.org/wiki/Q848354","display_name":"Capital asset pricing model","level":2,"score":0.13968896865844727},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.0},{"id":"https://openalex.org/C78519656","wikidata":"https://www.wikidata.org/wiki/Q101333","display_name":"Mechanical engineering","level":1,"score":0.0},{"id":"https://openalex.org/C119857082","wikidata":"https://www.wikidata.org/wiki/Q2539","display_name":"Machine learning","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1111/j.1468-036x.2007.00380.x","doi":"https://doi.org/10.1111/j.1468-036x.2007.00380.x","is_oa":false,"landing_page_url":"https://doi.org/10.1111/j.1468-036x.2007.00380.x","pdf_url":null,"source":{"id":"https://openalex.org/S131852005","display_name":"European Financial Management","issn_l":"1354-7798","issn":["1354-7798","1468-036X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-3","jufo-2","norway-1","poland-100","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"European Financial Management","raw_type":"journal-article"},{"id":"doi:10.2139/ssrn.585641","doi":"https://doi.org/10.2139/ssrn.585641","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.585641","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"}],"best_oa_location":{"id":"doi:10.2139/ssrn.585641","doi":"https://doi.org/10.2139/ssrn.585641","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.585641","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":52,"referenced_works":["https://openalex.org/W7085863","https://openalex.org/W46044913","https://openalex.org/W48867048","https://openalex.org/W1606272114","https://openalex.org/W1965830268","https://openalex.org/W1967358294","https://openalex.org/W1979927021","https://openalex.org/W2007990264","https://openalex.org/W2017085775","https://openalex.org/W2050628729","https://openalex.org/W2051742091","https://openalex.org/W2055726297","https://openalex.org/W2074076601","https://openalex.org/W2085785781","https://openalex.org/W2088151304","https://openalex.org/W2093636029","https://openalex.org/W2095719194","https://openalex.org/W2098372183","https://openalex.org/W2104439770","https://openalex.org/W2109360003","https://openalex.org/W2110497488","https://openalex.org/W2111558694","https://openalex.org/W2116717227","https://openalex.org/W2119520917","https://openalex.org/W2122131936","https://openalex.org/W2133907450","https://openalex.org/W2135241016","https://openalex.org/W2142151745","https://openalex.org/W2143557201","https://openalex.org/W2146278264","https://openalex.org/W2151937842","https://openalex.org/W2152796988","https://openalex.org/W2156119453","https://openalex.org/W2160860931","https://openalex.org/W2168066498","https://openalex.org/W2233596381","https://openalex.org/W3021709890","https://openalex.org/W3121583821","https://openalex.org/W3121808812","https://openalex.org/W3122120088","https://openalex.org/W3122250801","https://openalex.org/W3122509420","https://openalex.org/W3122813123","https://openalex.org/W3123090225","https://openalex.org/W3123556331","https://openalex.org/W3123906439","https://openalex.org/W3124314758","https://openalex.org/W3125309731","https://openalex.org/W3125496211","https://openalex.org/W3141341243","https://openalex.org/W4243017394","https://openalex.org/W4252517788"],"related_works":["https://openalex.org/W4408958726","https://openalex.org/W2364071287","https://openalex.org/W2113086501","https://openalex.org/W7096988602","https://openalex.org/W2801392640","https://openalex.org/W2112545107","https://openalex.org/W1505938525","https://openalex.org/W1790800722","https://openalex.org/W2385767409","https://openalex.org/W2148392746"],"abstract_inverted_index":{"Abstract":[0],"Previous":[1],"studies":[2,14],"have":[3,15],"found":[4],"mixed":[5],"evidence":[6,29],"on":[7],"whether":[8],"hedging":[9,32],"increases":[10],"firm":[11,22,40],"value.":[12],"Some":[13],"shown":[16],"that":[17,30],"managerial":[18],"incentives":[19,36],"may":[20],"influence":[21],"hedging.":[23],"In":[24],"this":[25],"paper":[26],"we":[27],"provide":[28],"when":[31],"is":[33],"based":[34],"upon":[35],"from":[37],"managers'":[38],"options,":[39],"value":[41],"decreases.":[42]},"counts_by_year":[{"year":2026,"cited_by_count":3},{"year":2024,"cited_by_count":1},{"year":2023,"cited_by_count":4},{"year":2022,"cited_by_count":3},{"year":2021,"cited_by_count":1},{"year":2020,"cited_by_count":2},{"year":2019,"cited_by_count":4},{"year":2018,"cited_by_count":3},{"year":2017,"cited_by_count":3},{"year":2016,"cited_by_count":1},{"year":2013,"cited_by_count":1},{"year":2012,"cited_by_count":1}],"updated_date":"2026-11-03T10:50:19.383937","created_date":"2021-02-01T00:00:00"}
