The aim of this study is to assess the response of the South African stock market returns to oil price volatility … EGARCH process is the best univariate model to capture oil price volatility. Interestingly, this study also revealed that the … the impact of higher oil prices, while in the long-term, policies aimed at reducing the volatility in oil prices would be …

firms to volatility in regulatory costs, but are typically accompanied by property rights in the form of grandfathered …

Brownian motion. Finally, we derive pricing bounds for convertible bonds in an uncertain volatility model, i.e. when the … volatility of the firm value process lies between two extreme values. -- Convertible bond ; game option ; uncertain volatility …