innovations and also basic formal aspects in valuation. Contents: Overview: Taxes and Regulation, Technology, Who Innovates, Life … Cycle, Pricing and Hedging Discount Factors and No Arbitrage Investment: Rule Bases, Alpha, Beta, View and Trade, Fund …, Green Banking, Demographic Risk Financial Crisis: Overview Leverage, Systemic Risk, Securitization, Pricing …

developments in discrete time asset pricing methods based on the notions of stochastic discount factor and of compound …

. Our approach leads to an interval of admissible prices much better than the arbitrage pricing interval. …

Based on an empirical analysis of European corporations, we investigate the impact of sovereign risk on the pricing of … corresponding corporate CDS spreads and are a significant factor for corporate CDS pricing models. We also find that this impact in …

building block of no-arbitrage pricing theory. Nowadays, in the modern financial world after the credit crunch, some Libors are …

pricing derivatives. We illustrate the main qualitative features of the new market practice, called CSA discounting, and we …

of equity close to that obtained with mispricing ruled out. Uncertainty about which pricing model to use appears to be …

We examine whether bond ratings contain pricing relevant information, that is unavailable to investors form other …

Costs of equity for individual firms are estimated in a Bayesian analysis framework using several factor-based pricing … mispricing precluded, even for a stock whoses average return departs significantly from the pricing model's prediction …. Uncertainty about which pricing model to use is less important, on average, than within-model parameter uncertainty. …