-volatility models, have traditionally been dominating the empirical finance literature. In recent years, with the availability of high …

Innovations in the finance industry are an important tool to enhance profitability and to increase a nation's wealth …. It, therefore, is not astonishing that there is much empirical work on innovations in finance. Most of the work however … enhance risk control, how do we generate new processes that may enhance the profitability of finance business? The second …

financial spheres. The monetary profit inducing capitalist production, emanates from the sphere of finance. In a world of …

In this paper we investigate the role of financial development, or more widespread access to all sorts of finance, in … and analysis, confirm the Schumpeterian prediction which suggests that finance authorises the entrepreneur to invest in …