This paper aims to take stock of the extant knowledge on an emerging practice in the entrepreneurial finance landscape: <I>crowdfunding</I>, which seems to play an increasing important role for the seed financing of entrepreneurial projects. We provide a systematization of what it is known on this...</i>

This paper analyses the valuation process of IPO companies listed on the Italian Exchange in the period 2000-2009. One the most common valuation techniques declared in the IPO prospectus to determine the offer price is the Discounted Cash Flow (DCF) method. We develop a ‘reverse engineering'...

An efficient frontier model is derived within a problem of passive management. An aggregate portfolio is rebalanced annually to restore the percent weights of its strategic asset allocation; its annual total returns are assumed to be independently and lognormally distributed. Expanding on...