Results 121 to 130 of about 35,866 (300)
Financial innovation and arbitrage in the Spanish bond market [PDF]
This paper empirically tests the level of sequential arbitrage in the Spanish bond market. The test is implemented by drawing on default free and option free pure discount and coupon bonds issued by the Spanish government.
Susana López, Alejandro Balbás
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IET Smart Energy Systems, EarlyView.A PER‐MATD3‐based bidding model for generators in day‐ahead joint energy and reserve markets is proposed. An aggressiveness coefficient quantifies risk preference, KAN improves interpretability and simulation results demonstrate enhanced coordinated decision‐making and training stability.
Xinge Xu +5 more
wiley +1 more source
Project valuation and investment decisions: CAPM versus arbitrage [PDF]
This paper shows that (i) project valuation via disequilibrium NPV+CAPM contradicts valuation via arbitrage pricing, (ii) standard CAPM-minded decision makers may fail to profit from arbitrage opportunities, (iii) standard CAPM-based valuation violates ...
Magni, Carlo Alberto
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How Important Are Sectoral Shocks in Australia?
Australian Economic Review, EarlyView.ABSTRACT We examine the role of sectoral shocks in driving aggregate fluctuations for the Australian economy between 1994 and 2023, comparing the pre‐COVID and COVID periods. Using both statistical and structural factor models for disaggregated industrial production, we find that sectoral shocks accounted for a substantial portion of aggregate ...
Longye Tian, James Morley
wiley +1 more source
Arbitrage and convergence: Evidence from Mexican ADRs [PDF]
This paper investigates the convergence between the prices of ADRs and Mexican traded shares using a sample of 21 dually listed shares. Since both markets have similar trading hours, standard arbitrage considerations should make persistent deviation from
Samuel Koumkwa, Raúl Susmel
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Managerial Myopia and Corporate Biodiversity Risk: Disclosure, Concern and Risk
British Journal of Management, EarlyView.Abstract Recent evidence shows that 70% of market participants view biodiversity risk as financially material, yet only 3.8% of firms provide meaningful biodiversity disclosure. We ask why this gap persists and whether managerial short‐termism explains it.
Yueyang Wang +4 more
wiley +1 more source
Periodic Sequences of Arbitrage: A Tale of Four Currencies [PDF]
This paper investigates arbitrage chains involving four currencies and four foreign ex-change trader-arbitrageurs. In contrast with the three-currency case, we find that arbitrage operations when four currencies are present may appear periodic in nature,
Alexey Pokrovskiy +4 more
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From Margins to Privilege: Revisiting the Sociology of Youth Subcultures Through Omnivorousness
The British Journal of Sociology, EarlyView.ABSTRACT Advantaged young people may engage in transgressive or non‐conformist subcultural practices usually associated with disadvantaged youth. When undertaken from privileged positions, however, these practices can carry markedly different meanings, costs and rewards.
Chi‐Chung Wang
wiley +1 more source
Bane or Boon: The Effects of Daigou (Buying on Behalf) in an Open Economy*
Economic Record, EarlyView.Prompted by advancements in technology, particularly affordable or complimentary livestream features on mobile applications, a novel form of international trade—termed ‘daigou’—has emerged. In this practice, individual agents in developed countries (the North) purchase domestically produced goods on behalf of customers in developing countries (the ...
Xuan Nguyen, Chi‐Chur Chao, Hong Hwang
wiley +1 more source
No-arbitrage condition and existence of equilibrium with dividends [PDF]
In this paper we first give an elementary proof of existence of equilibrium with dividends in an economy with possibly satiated consumers.We then introduce a no-arbitrage condition and show that it is equivalent to the existence of equilibrium with ...
Cuong Le Van, Nguyen Ba Minh
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