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In this thesis we address problems associated with financial modelling from a Bayesian point of view. Specifically, we look at the problem of calibrating financial models, measuring the model uncertainty of a claim and choosing an optimal hedging strategy. Throughout the study, the local...
Persistent link: https://www.econbiz.de/10009441418
effect). This study has practical implications for regulators, corporations and investors, both in the USA and abroad. …
Persistent link: https://www.econbiz.de/10009459069
The renaissance of accounting-based valuation models in the 1990s has primarily been triggered by the analyses of … accounting information as at valuation date. The derivation of the so called 'other information' has not been specified by Ohlson …
Persistent link: https://www.econbiz.de/10009433705
Quantification of uncertainty in predictions of nuclear waste repository performance is a requirement of Nuclear Regulatory Commission regulations governing the licensing of proposed geologic repositories for high-level radioactive waste disposal. One of the major uncertainties in these...
Persistent link: https://www.econbiz.de/10009436267
This study investigates the use of discretion by oil and gas companies in reporting financial performance and oil and gas reserve estimates during times of high political scrutiny resulting from increases in energy prices. Hypotheses tested in prior literature state that companies facing the...
Persistent link: https://www.econbiz.de/10009475002
these two accounting statements. Soo and Soo (1994) examine the long-term effect of the disclosure requirement under SFAS No …
Persistent link: https://www.econbiz.de/10009475063
Includes descriptive metadata provided by producer in QuickTime movie file: "Politics, Economics and Social Issues - Video - Paul Volcker talks about the economic crisis." By Vanderbilt University. Paul A. Volcker, senior economic advisor to President Obama and former chairman of the Federal...
Persistent link: https://www.econbiz.de/10009431143
division. We show that an accounting performance measure has a limited informational role for delegation in the sense that a …
Persistent link: https://www.econbiz.de/10009477820
Recently, the call for external auditor reports on client internal control structures has come from many fronts (i.e., Public Oversight Board, GAO, FDIC, etc.). The parties calling for these auditor reports typically assert that these auditor reports will serve to reduce management fraud. Before...
Persistent link: https://www.econbiz.de/10009477885
We apply these results to the issues of management accounting. First, through numerical examples, we provide the …
Persistent link: https://www.econbiz.de/10009484434