{"id":"https://openalex.org/W3013566331","doi":"https://doi.org/10.4018/ijisss.2020040103","title":"Valuation Method of Equity Incentives of Listed Companies Based on the Black-Scholes Model","display_name":"Valuation Method of Equity Incentives of Listed Companies Based on the Black-Scholes Model","publication_year":2020,"publication_date":"2020-03-27","ids":{"openalex":"https://openalex.org/W3013566331","doi":"https://doi.org/10.4018/ijisss.2020040103","mag":"3013566331"},"language":"en","primary_location":{"id":"doi:10.4018/ijisss.2020040103","is_oa":false,"landing_page_url":"https://doi.org/10.4018/ijisss.2020040103","pdf_url":null,"source":{"id":"https://openalex.org/S160826262","display_name":"International Journal of Information Systems in the Service Sector","issn_l":"1935-5688","issn":["1935-5688","1935-5696"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310320424","host_organization_name":"IGI Global","host_organization_lineage":["https://openalex.org/P4310320424"],"host_organization_lineage_names":["IGI Global"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Information Systems in the Service Sector","raw_type":"journal-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5005902189","display_name":"Zhong\u2010Wen Liu","orcid":"https://orcid.org/0000-0002-4458-4998"},"institutions":[{"id":"https://openalex.org/I4210151294","display_name":"Shandong Women\u2019s University","ror":"https://ror.org/03rp8h078","country_code":"CN","type":"education","lineage":["https://openalex.org/I4210151294"]}],"countries":["CN"],"is_corresponding":true,"raw_author_name":"Zhongwen Liu","raw_affiliation_strings":["Shandong Women's University, China"],"affiliations":[{"raw_affiliation_string":"Shandong Women's University, China","institution_ids":["https://openalex.org/I4210151294"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5100606720","display_name":"Yifei Chen","orcid":"https://orcid.org/0000-0001-5905-4327"},"institutions":[{"id":"https://openalex.org/I80143920","display_name":"Shandong University of Science and Technology","ror":"https://ror.org/04gtjhw98","country_code":"CN","type":"education","lineage":["https://openalex.org/I80143920"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Yifei Chen","raw_affiliation_strings":["Shandong University of Science and Technology, China"],"affiliations":[{"raw_affiliation_string":"Shandong University of Science and Technology, China","institution_ids":["https://openalex.org/I80143920"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5005902189"],"corresponding_institution_ids":["https://openalex.org/I4210151294"],"apc_list":null,"apc_paid":null,"fwci":0.0,"has_fulltext":false,"cited_by_count":0,"citation_normalized_percentile":{"value":0.05166521,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":null,"biblio":{"volume":"12","issue":"2","first_page":"36","last_page":"49"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10067","display_name":"Stochastic processes and financial applications","score":0.9602000117301941,"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"}},"topics":[{"id":"https://openalex.org/T10067","display_name":"Stochastic processes and financial applications","score":0.9602000117301941,"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"}},{"id":"https://openalex.org/T12675","display_name":"Financial Reporting and Valuation Research","score":0.9502999782562256,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"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/T10047","display_name":"Financial Markets and Investment Strategies","score":0.947700023651123,"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/valuation","display_name":"Valuation (finance)","score":0.6548427939414978},{"id":"https://openalex.org/keywords/incentive","display_name":"Incentive","score":0.6440554261207581},{"id":"https://openalex.org/keywords/equity","display_name":"Equity (law)","score":0.5899643898010254},{"id":"https://openalex.org/keywords/equity-risk","display_name":"Equity risk","score":0.5629246830940247},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.460310697555542},{"id":"https://openalex.org/keywords/equity-capital-markets","display_name":"Equity capital markets","score":0.4304697513580322},{"id":"https://openalex.org/keywords/business","display_name":"Business","score":0.4199202060699463},{"id":"https://openalex.org/keywords/financial-economics","display_name":"Financial economics","score":0.3498053550720215},{"id":"https://openalex.org/keywords/microeconomics","display_name":"Microeconomics","score":0.22325369715690613},{"id":"https://openalex.org/keywords/finance","display_name":"Finance","score":0.21582439541816711}],"concepts":[{"id":"https://openalex.org/C186027771","wikidata":"https://www.wikidata.org/wiki/Q4008379","display_name":"Valuation (finance)","level":2,"score":0.6548427939414978},{"id":"https://openalex.org/C29122968","wikidata":"https://www.wikidata.org/wiki/Q1414816","display_name":"Incentive","level":2,"score":0.6440554261207581},{"id":"https://openalex.org/C199728807","wikidata":"https://www.wikidata.org/wiki/Q2578557","display_name":"Equity (law)","level":2,"score":0.5899643898010254},{"id":"https://openalex.org/C149866677","wikidata":"https://www.wikidata.org/wiki/Q5384698","display_name":"Equity risk","level":3,"score":0.5629246830940247},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.460310697555542},{"id":"https://openalex.org/C143801662","wikidata":"https://www.wikidata.org/wiki/Q5384683","display_name":"Equity capital markets","level":3,"score":0.4304697513580322},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.4199202060699463},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.3498053550720215},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.22325369715690613},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.21582439541816711},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.4018/ijisss.2020040103","is_oa":false,"landing_page_url":"https://doi.org/10.4018/ijisss.2020040103","pdf_url":null,"source":{"id":"https://openalex.org/S160826262","display_name":"International Journal of Information Systems in the Service Sector","issn_l":"1935-5688","issn":["1935-5688","1935-5696"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310320424","host_organization_name":"IGI Global","host_organization_lineage":["https://openalex.org/P4310320424"],"host_organization_lineage_names":["IGI Global"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Information Systems in the Service Sector","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:igg:jisss0:v:12:y:2020:i:2:p:36-49","is_oa":false,"landing_page_url":"https://services.igi-global.com/resolvedoi/resolve.aspx?doi=10.4018/IJISSS.2020040103","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/17","score":0.5099999904632568,"display_name":"Partnerships for the goals"}],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":1,"referenced_works":["https://openalex.org/W72548784"],"related_works":["https://openalex.org/W2037407135","https://openalex.org/W3114367733","https://openalex.org/W3123757714","https://openalex.org/W2062703146","https://openalex.org/W170712964","https://openalex.org/W4240130184","https://openalex.org/W2921724194","https://openalex.org/W2585805940","https://openalex.org/W2004111799","https://openalex.org/W2993644696"],"abstract_inverted_index":{"This":[0],"article":[1,39],"applies":[2,40],"the":[3,41,56,61,75,83,88,91,97,104,108,114,117],"classic":[4],"Black-Scholes":[5],"model":[6,15,43,58],"(i.e.":[7],"B-S":[8,14,17],"model)":[9,18],"and":[10,95],"turnover":[11,68,84],"rate":[12,69,85],"adapted":[13],"(revised":[16],"to":[19,44,59],"equity":[20,30,45,64,76,92,100,109,118],"incentive":[21,31,46,65,77,93,101,110,119],"valuation":[22,32,78,94,111,120],"of":[23,50,63,79,90,99,107,112,116],"listed":[24,80],"companies.":[25,81],"Unlike":[26],"other":[27],"studies":[28],"on":[29,74],"which":[33],"generally":[34],"adopt":[35],"historical":[36],"volatility,":[37],"this":[38],"GARCH":[42,57],"valuation.":[47,66,102],"The":[48,67],"volatility":[49],"stock":[51],"price":[52],"is":[53,122],"estimated":[54],"by":[55],"improve":[60,87],"accuracy":[62,89],"has":[70],"an":[71],"important":[72],"impact":[73],"Considering":[82],"can":[86],"reduce":[96],"error":[98],"Through":[103],"case":[105],"study":[106],"Infinova,":[113],"practicality":[115],"method":[121],"further":[123],"verified.":[124]},"counts_by_year":[],"updated_date":"2025-11-06T03:46:38.306776","created_date":"2025-10-10T00:00:00"}