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same framework of constant interest rates. For the valuation of long-term financial agreements (life insurance products …
Persistent link: https://www.econbiz.de/10005350876
In a previous paper by Thomassen and Van Wouwe [5] the notion of an n-fold compound option was introduced as a generalization of Geske’s compound option [3]. To compute such an n-fold numerically remains possible but tedious because most algorithms are not capable to compute multivariate...
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composition. From a managerial point of view, the proposed framework is very useful because it requires only financial estimates …
Persistent link: https://www.econbiz.de/10014787085
In this paper we consider N-phased investment opportunities where the time evolution of the project value follows a jump-diffusion process. An explicit valuation formula is derived under two different scenarios: in the first case we consider fixed and certain investment costs and in the second...
Persistent link: https://www.econbiz.de/10011739826
Paper presented at "Strategies For Solving Global Crises Conference: The Financial Crisis and Beyond" (October 2009 …). Also published in "Corporate Finance: Governance, Corporate Control & Organization Journals" (July 2010) The Financial … the need to focus on unregulated instruments such as hedge funds, which are of systemic importance to the financial …
Persistent link: https://www.econbiz.de/10008529221
The recent global financial crisis reflects numerous breakdowns in the prudential discipline of financial firms. This …
Persistent link: https://www.econbiz.de/10010292244
structured questionnaire from 162 out 202 of public listed companies in financial service sector in Jordan. The data were … (financial, non-financial and combined) were significantly could be predicted by the reliability of AIS and they also revealed …
Persistent link: https://www.econbiz.de/10012043632
The use of credit card has increased tremendously in the past few years because of the boom in the economy which has also resulted in the increase in the credit card fraud cases. Various leading banks and software development companies worldwide are taking serious measures to deal with the...
Persistent link: https://www.econbiz.de/10012046137