Results 41 to 50 of about 55,509 (274)
Free Trade Zones and Corporate ESG: Evidence From a Quasi‐Natural Experiment in China
Business Strategy and the Environment, EarlyView.ABSTRACT This study examines how China's Pilot Free Trade Zones (FTZs) influence corporate ESG performance. Using a staggered difference‐in‐differences model on Chinese listed firms from 2009 to 2024, we combine coarsened exact matching (CEM) and geography‐based instrumental variables to ensure robust identification.
Wen Li, Yinghan Zhao, Brian Lucey
wiley +1 more source
Arbitrage-Free Pricing Before and Beyond Probabilities
, 2013 "Fundamental theorem of asset pricing" roughly states that absence of arbitrage opportunity in a market is equivalent to the existence of a risk-neutral probability. We give a simple counterexample to this oversimplified statement.
Paulot, Louis
core +1 more source
Coherent Price Systems and Uncertainty-Neutral Valuation [PDF]
, 2012 We consider fundamental questions of arbitrage pricing arising when the uncertainty model is given by a set of possible mutually singular probability measures.
Beißner, Patrick
core +5 more sources
EcoEnergy, EarlyView.As maritime transport electrifies, bidirectional charging (V2G) offers a dual‐purpose solution for energy resilience and economic viability. This work identifies key technological advancements and lifecycle challenges utilizing practical case studies to demonstrate how V2G systems can drive decarbonization and grid stability in the marine sector ...
Jonathan Bloor +3 more
wiley +1 more source
Jurnal Ekonomi & Studi Pembangunan, 2018 This research attempts to analyze risk and stock return of consumer sector and construction sector at Indonesian Stock Exchange. This research used the documentation method to collect the data. Data has been taken from Bloomberg Terminal.
Christian Christian, Rinaldi Rustam
doaj
BSDEs driven by a multi-dimensional martingale and their applications to market models with funding costs [PDF]
, 2014 We establish some well-posedness and comparison results for BSDEs driven by one- and multi-dimensional martingales. On the one hand, our approach is largely motivated by results and methods developed in Carbone et al. (2008) and El Karoui and Huang (1997)
Nie, Tianyang, Rutkowski, Marek
core
Extraction of the underlying structure of systematic risk from non-Gaussian multivariate financial time series using independent component analysis: Evidence from the Mexican stock exchange [PDF]
, 2018 Regarding the problems related to multivariate non-Gaussianity of financial time series, i.e., unreliable results in extraction of underlying risk factors -via Principal Component Analysis or Factor Analysis-, we use Independent Component Analysis (ICA ...
Ladrón de Guevara Cortés, Rogelio +2 more
core +2 more sources
Low‐Carbon Optimal Scheduling of Multiple Virtual Power Plants Based on Asymmetric Nash Bargaining
Energy Science &Engineering, EarlyView.ABSTRACT To effectively investigate the structural discrepancies and complementary energy characteristics among multiple virtual power plants (VPPs), and to improve the economic efficiency, low‐carbon performance, and operational reliability of the multi‐agent system, this paper proposes a low‐carbon collaborative optimal operation strategy for ...
Junjie Qiu +5 more
wiley +1 more source
Real-world options: smile and residual risk [PDF]
, 1995 We present a theory of option pricing and hedging, designed to address non-perfect arbitrage, market friction and the presence of `fat' tails. An implied volatility `smile' is predicted.
Bouchaud, Jean-Philippe +2 more
core +2 more sources
A general methodology to price and hedge derivatives in incomplete markets
, 1999 We introduce and discuss a general criterion for the derivative pricing in the general situation of incomplete markets, we refer to it as the No Almost Sure Arbitrage Principle.
Aurell, E. +4 more
core +1 more source