Results 51 to 60 of about 855,132 (178)
Valuation of government bonds: The exchange rate is an important aspect [PDF]
, 2017 Interest rates are currently very low in the countries. In these countries bonds are issued with low or negative yields. In this paper, I empirically investigate the factors that affect the price of bonds.
ABEYSEKERA +12 more
core +2 more sources
Arbitrage theory without a numéraire [PDF]
arXiv, 2014 This note develops an arbitrage theory for a discrete-time market model without the assumption of the existence of a num\'eraire asset. Fundamental theorems of asset pricing are stated and proven in this context. The distinction between the notions of investment-consumption arbitrage and pure-investment arbitrage provide a discrete-time analogue of the
arxiv
Determinants of Dividend Payout Policy: More Evidence From Emerging Markets of G20 Bloc
International Journal of Finance &Economics, EarlyView.ABSTRACT The purpose of this article is to examine the key factors influencing dividend payout policy in emerging markets, using a quantitative approach with a sample of 938 firms and 19,698 firm‐year observations. The study considers dividends, and share repurchases as elements of payout, analysing the effect of earnings, taxes, debt, size and free ...
Wagner Dantas de Souza Junior +2 more
wiley +1 more source
Valuation of Financial Derivatives in Discrete-Time Models [PDF]
, 2013 The core subject of financial mathematics concerns the issue of pricing financial assets such as complex financial derivatives. The pricing technique is pervaded by the concept of arbitrage: mis-pricing will be spotted and exploited, resulting in a risk ...
Jönsson, Henrik
core
Ambiguous volatility and asset pricing in continuous time [PDF]
, 2012 This paper formulates a model of utility for a continuous time framework that captures the decision-maker's concern with ambiguity about both volatility and drift.
Epstein, Larry G., Ji, Shaolin
core +2 more sources
Temporal and spatial effects of mass shootings on gun demand
International Studies of Economics, EarlyView.Abstract Mass shootings in the U.S. have been at the center of the public crisis debate for a long time. Combining information on mass shootings with background check reports from the Federal Bureau of Investigation, this study applies mass shootings as exogenous shocks and reveals that the demand for guns is especially strong in the month in which a ...
Yuan Chen +4 more
wiley +1 more source
In memoriam: Marco Avellaneda (1955–2022)
Mathematical Finance, Volume 33, Issue 1, Page 3-15, January 2023., 2023 Abstract Marco Avellaneda (1955–2022) was a leading figure in the development of mathematical modeling in finance and its dissemination among market practitioners. We provide a sketch of his trajectory and outline some of his main research contributions to mathematical finance.
Rama Cont
wiley +1 more source
Measuring the pricing error of the arbitrage pricing theory
, 1996 This paper provides an exact Bayesian framework for analyzing the arbitrage pricing theory (APT). Based on the Gibbs sampler, we show how to obtain the exact posterior distributions for functions of interest in the factor model. In particular, we propose
John Geweke, Guofu Zhou
semanticscholar +1 more source
Some economic remarks on arbitrage theory [PDF]
Today's primarily mathematically oriented arbitrage theory does not address some economically important aspects of pricing. These are, first, the implicit conjecture that there is 'the' price of a portfolio, second, the exact formulation of no-arbitrage,
Nietert, Bernhard, Wilhelm, Jochen
core
Resource redeployment as an entry advantage in resource‐poor settings
Strategic Management Journal, EarlyView.Abstract Research Summary Scarcity of productive factors poses a challenge for firms entering underdeveloped regions. We theorize that incumbent firms can overcome scarcity of skilled human capital in local labor markets by redeploying workers from existing units.
Jasmina Chauvin +2 more
wiley +1 more source