momo · 2023年09月17日
NO.PZ2023081403000083
问题如下：
Q. Which of the following is a potential drawback of compensating employees with stock options?
选项：
A.The grant may make employees adverse to risk.
B.The grant may make employees seek more risk.
C.Both of the above are potential drawbacks.:
解释：
C is correct. Stock option grants may lead managers to be either risk adverse or have the opposite effect (i.e., encourage excessive risk taking). Therefore, B and C are both potential drawbacks.
Stock option不是risk seeking的吗
lynn_品职助教 · 2023年09月17日
嗨，爱思考的PZer你好：
Stock option不是risk seeking的吗
risk seeking只是期权的一面，
传统来说stock option is risk-seeking when there is a low probability of gains，当我们的目的是投机时，option的购买或者说long的一方是一种risk seeking的行为，为了赚取高于一般收益的利润。
但是我们永远不要忘记期权其实最开始被创造出来是为了对冲风险的，也就是赚取期权费的一方（short)。
----------------------------------------------加油吧，让我们一起遇见更好的自己！
NO.PZ2023081403000083 问题如下 Q. Whiof the following is a potentiawbaof compensating employees with stooptions? A.The grant mmake employees aerse to risk. B.The grant mmake employees seek more risk. C.Both of the above are potentiawbacks.: C is correct. Stooption grants mlemanagers to either risk aerse or have the opposite effe(i.e., encourage excessive risk taking). Therefore, B anC are both potentiawbacks. 想问一下一般这种股权激励都是给员工的期权吧，也就是说员工是期权的买方，这时不应该是risk seeking吗，上课老师也没有讲过卖方的情况，所以遇到这种感觉很难判断它的考点
NO.PZ2023081403000083问题如下 Q. Whiof the following is a potentiawbaof compensating employees with stooptions?A.The grant mmake employees aerse to risk.B.The grant mmake employees seek more risk.C.Both of the above are potentiawbacks.:C is correct. Stooption grants mlemanagers to either risk aerse or have the opposite effe(i.e., encourage excessive risk taking). Therefore, B anC are both potentiawbacks.看了前面的回答，但还是不懂，虽然stooption 有买方也有卖方，但是对于接受奖励的员工来说，这个stooption只能算是买方吧，业绩做的好了行权，做的不好了不行权，所以员工更愿意冒风险呀。
NO.PZ2023081403000083问题如下Q. Whiof the following is a potentiawbaof compensating employees with stooptions?A.The grant mmake employees aerse to risk.B.The grant mmake employees seek more risk.C.Both of the above are potentiawbacks.:C is correct. Stooption grants mlemanagers to either risk aerse or have the opposite effe(i.e., encourage excessive risk taking). Therefore, B anC are both potentiawbacks.讲义上写的excessive risk taking coccur with the awarng of stooptions. 讲义没有提及stooption会产生风险厌恶。
