Results 161 to 170 of about 139,496 (320)
Arbitrage with fixed costs and interest rate models [PDF]
We study securities market models with fixed costs. We first characterize the absence of arbitrage opportunities and provide fair pricing rules. We then apply these results to extend some popular interest rate and option pricing models that present ...
Clotilde Napp, Elyès Jouini
core
Call Me Maybe: Corporate Bond Prices Upon Missed Call Opportunities
Financial Management, EarlyView.ABSTRACT In a sample of discretely callable corporate bonds, we find excess returns of approximately 40 bps realized on the release of the issuer's decision to call or not to call. The bonds that could have been profitably called (in‐the‐money bonds) but are not called contribute the most to the bond price jump. We attribute the jump to the revaluation
Alexey Ivashchenko, Michael Rockinger
wiley +1 more source
Mu Kara SaniCet article vise à évaluer l’efficacité des mécanismes de justice traditionnelle au Niger dans leur capacité à résoudre les conflits au XIXe siècle. Cette étude permet de comprendre non seulement l’histoire du pays, mais aussi les interactions entre ...
Hassimou ALAKARBO
doaj
A Theory of the Boundaries of Banks With Implications for Financial Integration and Regulation
Financial Management, EarlyView.ABSTRACT We offer a theory of the “boundary of the firm” that is tailored to banks, recognizing the relevance of deposit financing and interbank lending as a substitute for integration. It is based on a single inefficiency that has been at the core of banking theory: risk‐shifting incentives in the interest of bank shareholders.
Falko Fecht +2 more
wiley +1 more source
Optimal Execution of Statistical Arbitrage Strategies with Stochastic Trading Volume
, 2013 James Eustace +2 more
openalex +1 more source
Financial Statement Information and Equity Value: The Role of Real Options Characteristics
Financial Management, EarlyView.ABSTRACT This paper examines whether firm‐specific real options characteristics are equity value‐relevant beyond valuation estimates anchored in financial statements. Using extensive historical data for the United Kingdom, we assess and compare the forecast accuracy and explanatory power for stock prices of equity valuation models based on residual ...
Mingyu (Chandler) Chen +2 more
wiley +1 more source
Oñati Socio-Legal Series, 2017 Cet article porte sur des exemples de conciliation (sulh, en arabe) et d’arbitrage (tahkim, en arabe) algérien, soudanais et nigérien. L’objectif de cette analyse comparée de rituels, en particulier ceux ouvrant et de clôturant les séances de ...
Yazid Ben Hounet
doaj
Speed Bump and Stock Market Quality: Evidence From NYSE American
Financial Management, EarlyView.ABSTRACT Should trading speed of high‐frequency traders be regulated? Using the data from the New York Stock Exchange American, this paper examines the impact of a speed bump on market liquidity and price discovery. Our results indicate that the use of a speed bump can lower the costs of adverse selection through reducing informed trading.
Bo Liu, Ke Xu
wiley +1 more source
Price convergence in grain markets with seasonal differences. [PDF]
PLoS OneOlabisi M, Liu J, Ajibade T, Maredia MK.
europepmc +1 more source
Geopolitical Risk and Domestic Bank Deposits
Financial Management, EarlyView.ABSTRACT We investigate the relationship between global geopolitical risk and bank deposit flows across a wide panel of European countries. Motivated by the pivotal role of deposit stability for financial intermediation and systemic resilience, we explore whether geopolitical shocks alter depositors’ portfolio choices.
Dimitris Anastasiou +3 more
wiley +1 more source