now that the model has become an auto-nomous, unreflected item in international accounting standards and law allowing … "creative" accounting. There is no economial relation between the future value of an underlying and it's current volatility …

extended to include market risk measurements for n countries. Exploiting a selection matrix based on the cash accounting … return-risk attribution accounting framework is applied to monthly return data of Hong Kong, Indonesia, Japan, Malaysia, the …

extend their exact accounting framework to include market risk measurements for n countries. The resulting n^2 x n^2 strategy … imposed by the exact accounting framework allow to solve the conventional Markowitz' mean- variance optimization problem as a … the resulting 2n optimal investment choices. Our complete and exact return- risk attribution accounting framework is …