take skewness into account by means of certain transformations, several generalizations and extensions (HQ …

A generalization of the hyperbolic secant distribution which allows both for skewness and for leptokurtosis was given … which has a lot of nice properties but is not able to allow for skewness. For this reason, Fischer and Vaughan (2002 …) additionally introduced a skewness parameter by means of splitting the scale parameter and showed that most of the nice properties …

A generalization of the hyperbolic secant distribution which allows both for skewness and for leptokurtosis was given … which has a lot of nice properties but is not able to allow for skewness. For that reason, we additionally introduce a … skewness parameter by means of splitting the scale parameter and show that most of the nice properties are preserved. Finally …

We investigate the association of various firm-specific and market-wide factors with the riskneutral skewness (RNS …

forecasts can be tested. We find that the Pearson mode skewness outperforms the standard third-moment-based skewness as a …

was refined by Ferreira and Steel. Up to now, it is an open question whether the famous skewness ordering of van Zwet will … be preserved for this proposal. There is a general condition under which the van Zwets skewness ordering will be …. Therefore, for the skewness mechanism we choose a special beta distribution with only one parameter. Then, we get three results …

Titman(1989). Particular attention is given to the special case of cubic utility implying skewness preferences. Our findings …

incomplete markets. In particular, earnings shocks display strong negative skewness and extremely high kurtosis - as high as 30 …

The paper relates cumulative prospect theory to the moments of returns distributions, e.g. skewness and kurtosis … related to the skewness. However, the relation is negative when probability weighing is set aside. This shows that cumulative … prospect theory investors display a preference for skewness through the probability weighting function. Furthermore, the …

for future inflation. The paper focuses on the technical derivation of inflation forecast skewness from uncertainty in …