Leung, Pui-Lam; Wong, Wing-Keung - In: Mathematics and Computers in Simulation (MATCOM) 77 (2008) 1, pp. 1-8
of American depository receipts by relaxing the time-dependence assumption that has been ignored in the literature …. Applying our model, we find that the returns from the stocks and the American depository receipts are time-dependent and hence …