Methods for sound risk management are of increasing interest among Wall Street investment banking andbrokerage firms in the aftermath of the October 1987 crash of the stock market. We present an overview of thebasic definitions and issues related to risk, and the management of financial risk and...

Methods for sound risk management are of increasinginterest among Wall Street investment banking and brokeragefirms in the aftermath of the October 1987 crash of the stockmarket. As the knowledge of advanced technology applicationsin risk management increases, financial firms are...

Developing robust and refined measures to quantify strategic impacts is a major challenge facing researchers who seek toimprove methods for information technology (IT) investment evaluation. This paper presents a means to test for parameterheterogeneity in a model which quantifies the strategic...

Data quality has been shown to be a major determinant of the value of systems that utilizeinput data feeds and transform them into valuable information under a variety of businesscontexts. For this study, we have chosen a financial risk management context to investigatethe relationship between...

Under circumstances where data quality may vary, knowledge about the potentialperformance of alternate predictive models can enable a decision maker to design aninformation system whose value is optimized in two ways. The decision maker can selecta model which is least sensitive to predictive...

Under circumstances where data quality may vary (due to inaccuracies or lack of timeliness,for example), knowledge about the potential performance of alternate predictive models can help adecision maker to design a business value-maximizing information system. This paper examines a...

We offer new evidence on the link between price points and price rigidity using two datasets. One is a large weekly transaction price dataset, covering 29 product categories over an eight-year period from a large U.S. supermarket chain. The other is from the Internet, and includes daily prices...

We offer new evidence on the link between price points and price rigidity using two datasets. One is a large weekly transaction price dataset, covering 29 product categories over an eight-year period from a large U.S. supermarket chain. The other is from the Internet, and includes daily prices...

We study the link between price points and price rigidity, using two datasets containing over 100 million observations. We find that (i) 9 is the most frequently used price-ending for the penny, dime, dollar and ten-dollar digits, (ii) 9-ending prices are between 24%-73% less likely to change in...

We study the link between price points and price rigidity, using two datasets: weekly scanner data, and Internet data. We find that: “9” is the most frequent ending for the penny, dime, dollar and ten-dollar digits; the most common price changes are those that keep the price endings at...