The initial reason for writing this essay was to provide the background and a derivation of the IR quanto adjustment, as a mean of expressing the Hull-White dynamics of foreign currency interest rates under a domestic risk-neutral measure. However, one thing led to another, and the essay ended...

With legal sports betting being viewed as a panacea for state budget woes across the United States, the underlying data that fuels the sports betting industry has emerged as an especially valuable asset. In the hopes of capitalizing on state laws that have now legalized sports betting, U.S....

This paper provides a retrospect of the Black-Scholes-Merton (BSM) argument that is used to derive the common BSM formula. The paper utilizes and builds upon a frame used to provide a retrospect of the Put-Call Parity (PCP) provided in Wurts (2018a). Accordingly, this paper fills a promise that...

Local government funding of sports stadiums is frequently justified as stimulating economic activity despite consensus contrary findings in the academic literature. Though some studies have identified positive neighborhood effects from stadiums on nearby residential property, scant research...

In Europe, most football clubs have long been positioned as business projects, which are active in financial markets and apply various funding tools. The 2018 FIFA World Cup inspired a new wave of interest in Russian football and created attractive conditions for applying new funding tools. The...

The 50plus1-rule in German football is a controversially discussed institution that regulates investment behavior of professional football teams. This paper discusses from a sports economics perspective the suspected market failures that the 50plus1-rule is expected to prevent. To examine the...

With the increase in media attention, public acceptance, and geopolitical tolerance of cryptocurrencies, it is becoming more important for investment professionals to develop an understanding of these new “digital assets”. Thus, this paper provides readers with an overview of the mechanics...

This paper analyses herding behaviour in the Pakistan stockexchange (PSX, formerly known as Karachi stock exchange, KSE) for a sampleof 663 firms over a period of 13 years, from 2004 to 2017. For detectingherding behaviour, two dependent variables are used, i.e., cross-sectionalstandard...

Die Studie analysiert das Transferverhalten der Fußballvereine der englischen Premier League, der spanischen Primera División, der deutschen Bundesliga, der italienischen Serie A und der französischen Ligue 1 im Transferfenster des Sommers 2020. Unter der Annahme, dass sich die...

The 50plus1-rule in German football is a controversially discussed institution that regulates investment behavior of professional football teams. This paper discusses from a sports economics perspective the suspected market failures that the 50plus1-rule is expected to prevent. To examine the...