Results 61 to 70 of about 1,400,767 (236)

Relativistic Black–Scholes Equation

Ecuación Black-Scholes relativistaEl modelo de Black Scholes presentado en este trabajo es una generalización a la versión relativista que no es muy conocida desde a la versión original de 1973, debido a que sus efectos aún son poco significativos. En el
Sierra Juárez, Guillermo
core   +1 more source

Unveiling Synergy Gains in Divestitures Using Options Market Information1

Journal of Business Finance &Accounting, EarlyView.
ABSTRACT We use stock and options information to decompose and provide a practical measure of the market's beliefs about the different sources of value creation from divestitures. We find that divestitures generate economically significant synergy gains that exceed $1 billion for both acquirers and sellers.
Vinay Patel, David Michayluk, Anirudh Dhawan   +2 more
wiley   +1 more source

Why do firms strategically delay payments of corporate loans?

Journal of Financial Research, EarlyView.
Abstract Firms may prefer to delay some loan payments while continuing to service others because of lender and loan characteristics. I explore the impact of bank‐level and bank‐firm‐level indicators on the strategic delay behaviors of nonfinancial corporations. Three factors play a key role in their strategic delay decisions.
Ahmet Deryol
wiley   +1 more source

Proposta de método para desenvolvimento de simulação de estratégia de negociação de opções que combina operações estruturadas e o modelo de Black & Scholes [PDF]

, 2015
TCC (graduação) - Universidade Federal de Santa Catarina. Centro Sócio-Econômico. Economia.De acordo com a Associação Internacional dos Mercados de Opções (IOMA)1, o Brasil é o país onde mais se negocia um tipo especial de derivativo: as opções sobre ...
Arauz, Walter Fernando da Silva
core  

Segment information disclosure and trade credit

Journal of Financial Research, EarlyView.
Abstract We examine the effect of mandatory segment disclosure on trade credit financing. Segment disclosure reduces the information advantage of suppliers relative to investors in evaluating firm default risk, reducing firms' reliance on trade credit. Exploiting the adoption of SFAS 131 as a shock to segment disclosure, we find that segment disclosure
Obada Almajali, Phil Holmes, Bin Xu
wiley   +1 more source

Why Have CEO Pay Levels Become Less Diverse?

The Journal of Finance, EarlyView.
ABSTRACT This paper documents a new stylized fact: the cross‐sectional variation in CEO pay levels has declined precipitously in recent years. We offer one explanation for this decline, namely, firms are increasingly benchmarking CEO compensation to industry peers closest in size, thereby creating pay clusters.
TORSTEN JOCHEM, GAIZKA ORMAZABAL, ANJANA RAJAMANI   +2 more
wiley   +1 more source

A Linear Algorithm for Black Scholes Economic Model [PDF]

The pricing of options is a very important problem encountered in financial domain. The famous Black-Scholes model provides explicit closed form solution for the values of certain (European style) call and put options.
Dumitru FANACHE, Ion SMEUREANU
core  

Penilaian Harga Opsi Put Saham NVIDIA Menggunakan Model Black–Scholes dan LSTM

Techno.Com
Saham NVIDIA dalam beberapa tahun terakhir mengalami pertumbuhan laba dan volatilitas harga yang cukup tinggi. Volatilitas ini dapat menimbulkan risiko kerugian akibat penurunan harga saham.
Rifky Miftaqul Ilmi, Ramdhan Fazrianto Suwarman, Lita Wulandari Aeli   +2 more
doaj   +1 more source

The Debt‐Equity Spread

The Journal of Finance, EarlyView.
ABSTRACT We propose a measure of the valuation gap between debt and equity—debt‐equity spread (DES)—based on the difference between actual and equity‐implied credit spreads. DES predicts cross‐sectional stock and bond returns in opposite directions.
HUI CHEN, ZHIYAO CHEN, JUN LI
wiley   +1 more source

Parenthood and CEO Responses to Media Criticism on Pay

Journal of Management Studies, EarlyView.
Abstract Research on media coverage of controversial corporate practices typically suggests firms respond instrumentally to mitigate stakeholder reactions. However, we argue that CEOs' moral concerns can sometimes override strategic considerations, because media criticism may expose them to scrutiny from personally valued audiences – for instance ...
Steffen Brenner, Georg Wernicke
wiley   +1 more source