Portfolio ChoiceIntroductionUtilityMean-variance analysisThe Binomial ModelOne-period modelMulti-period modelA General Discrete-Time ModelOne-period modelMulti-period modelBrownian MotionIntroductionHitting-time distributionsGirsanov's theoremBrownian motion as a limitStochastic calculusThe...

Intro -- Financial Instrument Pricing Using C++ 2e -- Contents -- 1 A Tour of C++ and Environs -- 1.1 Introduction and Objectives -- 1.2 What is C++? -- 1.3 C++ as a Multiparadigm Programming Language -- 1.4 The Structure and Contents of this Book: Overview -- 1.5 A Tour of C++11: Black-Scholes...

Intro -- Acknowledgements -- 1 Performing Theory? -- 2 Transforming Finance -- 3 Theory and Practice -- 4 Tests, Anomalies, and Monsters -- 5 Pricing Options -- 6 Pits, Bodies, and Theorems -- 7 The Fall -- 8 Arbitrage -- 9 Models and Markets -- Appendix A An Example of Modigliani and Miller's...

Purpose – The purpose of this paper is to stimulate debates about contemporary auditing practices. Design/methodology/approach – The paper builds a generalised theory of auditing to pose some questions about the basic auditing model, notions of audit quality and the possibility that some...

Purpose – This paper aims to examine the stability of dividend policy using a unique data set. Design/methodology/approach – The paper is based on the Lintner model that is used to test the dividend smoothing behavior. The specific econometric method used for panel data is Tobit regression....

Purpose – The purpose of this paper is to analyse the dividend policy of firms from a macroeconomic perspective. In order to do so inflation and real growth are also considered. Design/methodology/approach – The paper examines the relationship between dividends, corporate earnings, real...

The compiled works of the man behind the evolution of quantitative finance. Finance, Economics, and Mathematics is the complete Vasicek reference work, including published and unpublished work and interviews with the man himself. The name Oldrich A. Vasicek is synonymous with cutting-edge...

Praise -- Title Page -- Copyright -- Dedication -- Preface -- About the Editor -- About the Authors -- Acknowledgments -- Chapter 1 Introduction to Financial Valuation -- Who Values Businesses? -- Purpose of a Valuation -- Professional Valuation Organizations -- Standards of Value -- Premisel of...

Systematische Abweichungen zwischen gehandelten Marktpreisen und fundamentalen Werten von Wertpapieren zeigen bis heute, dass Kapitalmärkte weder vollkommen noch effizient sind. Sowohl die Finanzmarktforschung als auch die Investmentpraxis befassen sich weiter mit der Suche nach geeigneten...