Systemic Risk Clustering of China Internet Financial Based on t-SNE Machine Learning Algorithm [PDF]
arXiv, 2019 With the rapid development of Internet finance, a large number of studies have shown that Internet financial platforms have different financial systemic risk characteristics when they are subject to macroeconomic shocks or fragile internal crisis. From the perspective of regional development of Internet finance, this paper uses t-SNE machine learning ...
arxiv
A Theory of Corporate Capital Structure and Investment. [PDF]
This article describes how financial disruptions affect investment in a general equilibrium economy. I show that in a world with differentiated lenders, the most efficient will become financial intermediaries; their preeminence will nonetheless be ...
Miguel Cantillo Simon.
core
The Financial Regulation of the Country’s Economic Development [PDF]
Bìznes Inform, 2017 The article is aimed at disclosing the essence of the system of financial regulation of economic development of the country, defining institutional foundations in the process of development of financial mechanism.
Davydova Irina I.
doaj
Behavioral Finance Option Pricing Formulas Consistent with Rational Dynamic Asset Pricing [PDF]
arXiv, 2017 We derive behavioral finance option pricing formulas consistent with the rational dynamic asset pricing theory. In the existing behavioral finance option pricing formulas, the price process of the representative agent is not a semimartingale, which leads to arbitrage opportunities for the option seller.
arxiv
Applying the Grinblatt-Titman and the Conditional (Ferson-Schadt) Performance Measures: The Case of Industry Rotation Via the Dynamic Investment Model. [PDF]
Nearly any standard financial model concludes that two assets with identical cash flows must sell for the same price. Alas, closed-end mutual fund company share prices seem to violate this fundamental tenant.
Robert R. Grauer and Nils H. Hakansson.
core
The Role of a Corporate Bond Market in an Economy - and in Avoiding Crises. [PDF]
While much attention has been focused on the optimal ratio of a firm's debt to equity, the "optimal" or best balance between bond financing and (longer-term) bank financing has scarcely been addressed.
Nils H. Hakansson
core
Student Perceptions and Learning Outcomes: Evidence from the Education Testing Service (ETS) Major Field Test in Business [PDF]
, 2017 We examine course evaluation data from the core finance course and analyze how these data relate to performance on the finance portion of the Educational Testing Service Major Field Test in Business (ETS).
Ketcham, David C +2 more
core +1 more source
Effective Demand in the Short and in the Long Run
PSL Quarterly Review, 2012 In the context of the special issue on Joseph Steindl we publish an original manuscript by the same author, containing a paper he presented at the 1990 edition of the “International Summer School for Advanced Economic Studies” (the Trieste School).
Josef Steindl
doaj
Baichuan4-Finance Technical Report [PDF]
arXivLarge language models (LLMs) have demonstrated strong capabilities in language understanding, generation, and reasoning, yet their potential in finance remains underexplored due to the complexity and specialization of financial knowledge. In this work, we report the development of the Baichuan4-Finance series, including a comprehensive suite of ...
arxiv