American options provide early exercise opportunities to pose the additional difficulty to obtain the closed-form solution. In this study, a recursive formula is developed for determining the optimal exercise price of American call options with dividend based on the backward dynamic programming...

This study proposes a model to explain how web site characteristics influence customer e-loyalty and positive word-of-mouth (WOM) via relationship quality (trust, satisfaction, and commitment) in business-to-business e-commerce. Three hundred and twelve online services users of the Market...