There is an increasing likelihood that governments of major economies will act within the next decade to reduce greenhouse gas emissions, probably by intervening in the fossil fuel markets through taxation or cap \& trade mechanisms (collectively ``carbon pricing''). We develop a model to...

This textbook provides a first-hand account of impact of volatility on valuations. It focuses on valuation of the investment with fair, practical and insightful explanations. Volatility in markets can form the foundation of fair value. A marginal change in volatility has a significant impact on...

This paper describes a model for the valuation of assets on a bank balance sheet with liquidity risk. The new feature of this model is that it explicitly incorporates the funding term of an asset. The inclusion of the funding term is important since it determines the expected liquidation loss....

Extending the concept of real options, the research considers HR as a strategic asset and emphasizes certain HRM practices as creating HR options in terms of reducing uncertainties related to returns, volume and combinations and costs. HR option is in fact real option, since it allows the...

Investors who have the flexibility to invest both long and short can benefit from both “winners” and “losers.” This will be especially advantageous if the latter — the short-sale candidates — are less efficiently priced than the winners — the purchase candidates. This is likely to...

This is a proposal for a new type of fund for financing small and medium-sized enterprises, which can also provide a safe form of investment with good rates of return for small private investors and create a revenue stream for government

Empirical tests of the Sharpe-Lintner-Black Capital Asset Pricing Model (CAPM) have generally concluded that there is a positive, approximately linear, trade-off between average return and systematic risk (beta) for portfolio returns of common stocks. Most of the empirical studies, however, have...

Empirical tests of the Sharpe-Lintner-Black - Capital Asset Pricing Model (CAPM) have generally concluded that there is a positive, approximately linear, trade-off between average return and systematic risk (beta) for portfolio returns of common stocks. Most of the empirical studies, however,...

India is expected to become the second largest global economy by 2050. Simultaneously with increase in global Indian wealth, increase in new investment avenues and financial liberalization, complications for individual to select right investment has increased and so is for Wealth Management...

This paper characterizes how firms' strategic interaction in product markets affects the industry dynamics of investment and expected returns. In imperfectly competitive industries, a firm's exposure to systematic risk is jointly affected by its own investment strategy and the investment...