The authors demonstrate how a firm can determine whether it is really marketing oriented, i.e., following the marketing concept, the philosophy that considers satisfying the customer the major purpose of the organization. A nine-question checklist is provided for a firm to use in evaluating...

Hedging of illiquid financial instruments is carried out with liquid instruments that, as a rule, have simpler payoff functions. For example, hedging of Asian or long-dated put options is carried out with vanilla puts, hedging of Bermuda swaptions is done with vanilla swaptions, etc. This kind...

Education courses now involve homework assignments that require technology skill as well as domain knowledge. Yet there is little pedagogical and technological support for teaching “What” (statistical mean) while simultaneously teaching “How” (use the =average (Range) function in Excel)....

This is a pre-conference essay prepared for 'What Post-Crisis Changes Does the Economics Discipline Need?', a conference organized by Diane Coyle and Enlightenment Economics, the Bank of England, and the U.K. Government Economic Service on 7 February 2012. In this essay, I trace the origins of...

To date, little detailed research has been undertaken on the university experience of students in Papua New Guinea, or their career preferences and expectations; this type of research is ordinarily canvassed in graduate exit surveys. This study addresses this gap by analysing and discussing the...

All too often, the concept of risk-neutral probabilities in mathematical finance is poorly explained, and misleading statements are made. The aim of this paper is to provide an intuitive understanding of risk-neutral probabilities, and to explain in an easily accessible manner how they can be...

The complexity of the global financial crisis beginning 2007 has challenged professionals. For students, the crisis's interconnected elements, covered in multiple courses and the concepts of derivatives central to it, are overwhelming. Providing short answers to their questions often creates...

Accepted wisdom, assuming capital market equilibrium and low cash returns, advises investors to hold optimal portfolios containing little cash. But credit crunches - periods of non-price credit rationing when effective cash yields are very high - happen in the real world. Because of this, it is...

Developments on informatics and technology have affected every component within scope of the financial system. Along with these developments, the needs for financial knowledge have also increased. The basic responsibility for transfer of financial knowledge is undertaken by universities....

This paper discusses an Action Research approach to the teaching of the Bloomberg financial information system, within a Master's level Portfolio Management module for accounting and finance students. Bloomberg was used to help deliver a ‘fantasy fund manager' investment simulation which aims...