Many college graduates find themselves underemployed or even unemployed because they lack necessary skills. Moreover, many firms are finding it difficult to thrive, or even survive, in the knowledge economy because they have not hired the right kind of employees. This paper describes six basic...

The recent analytical closed-form result ('http://ssrn.com/abstract=2549033' http://ssrn.com/abstract=2549033) discovered by Market Memory Trading L.L.C. (“MMT”) for the probability density function of the European style options with stochastic volatility, considered within the Heston model,...

A new economic revolution liberating financial markets? Seeks to answer some of the questions driving the existential crisis embroiling finance: What is currency? What is value? What is a business? What is a bank, even?This article discusses how regulatory reform, transformative technologies,...

The first ever explicit formulation of the concept of the option's probability density functions has been introduced in our publications “Breakthrough in Understanding Derivatives and Option Based Hedging - Marginal and Joint Probability Density Functions of Vanilla Options - True...

Many individuals assert that in order for the field of financial planning to continue to expand its reach, influence, and recognition as a profession, pro bono efforts should be reinforced, expanded, and promoted. Current students in financial planning programs will be called upon to continue...

Critical to success in today's world, characterized by the knowledge economy, is the ability to communicate and collaborate across the boundaries of cultures, disciplines, and functional areas. In the knowledge economy, where people tend to work in groups, what matters most is the “c...

A fundamental principle taught to all accounting and business students is that the goal of the firm is maximization of shareholder value (MSV). In order for accountants and auditors to provide firms with ethical recommendations that keep it strong and healthy, they must understand the negative...

The development of soft competences among students is one of the basic challenges that are faced by the process of education in higher education system in Poland. It is a result of postulates of the business world regarding competences of university graduates, which are also the subject of...

Abstract: Financial accounting is undergoing major changes in the EU and worldwide. Great efforts are placed on adoption of high quality accounting standards for listed companies, public sector organizations as well as small and medium business entities. Being a member of the EU Lithuania is in...