Purpose: This paper verifies whether popular Internet information from Internet forum and search engine exhibit useful content for forecasting the volatility in Chinese stock market. Design/methodology/approach: First, the...

Purpose: The purpose of this paper is to develop a loan insurance pricing model allowing for the skewness and kurtosis existing in underlying asset returns. Design/methodology/approach: Using the theory of Gram-Charlier option, the authors first derive a closed-form solution of the...