Publications by Benjamin A. Campbell
Firm Volatility and Stock Option Incidence
June 1, 2003 • Working Papers • By Benjamin A. Campbell
Abstract In this paper, I present two models that describe the relationship between stock option incidence and stock price volatility. First, I present an industry-clockspeed human resources (HR) model. Firms…
June 1, 2003 • Working Papers • By Benjamin A. Campbell
Abstract This article focuses on .rms’ use of stock options to reduce exposure to labor market pressure during industry booms. If .rm stock price is positively related to industry growth…