Orion Controls is a leading designer of industrial valve systems. Avion, a chemical company, is interested in a new, improved valve to manage the highly volatile phenol in its production process. Avion and Orion strike a deal for Orion to try to produce these valves. However, there are time...

The financial crisis has led to a loss of trust towards corporate governance quality and the balance of the European financial market. This became also apparent for Germany. In Germany financial companies' compliance with the German Corporate Governance Code (GCGC) represents a basic standard...

This paper explores a new approach for pricing derivatives that aims at distinguishing exposure to implied volatility and exposure to future realized volatility, thus impacting hedging strategies with options. By construction, this approach diverts from standard pricing by pure arbitrage that...

Berle and Means' analysis of the corporation, and in particular their view that those in control are not the owners of the corporation, raises questions about actions that corporations take to counter concerns regarding management's influence. What mechanisms, if any, do corporations implement...