Korean Abstract: 코스피200 주가지수 선물과 코스피200 주가지수 옵션은 선물-풋-콜 패리티로 연결되어 있다. 본 연구는 비교적 장기간 선물 및 옵션의 거래 자료를 분석하여 선물의 가격이 행사가격별 옵션의 내재변동성에...

Korean Abstract: 본 연구는 국내 증권사에서 업무별 수익의 변동성이 수익성 변화에 미치는 영향을 실증분석하였다. 특히 런던고래 사건과 같이 최근 국내외 자본시장에서 투자은행(증권사)의 파생상품거래로 인한 피해 사례가...

This article attempts a comprehensive and multi‐disciplinary review of a scattered literature on the characteristics of successful investment managers. It considers nonpeer reviewed papers and reports written by organizations and human resource experts but also empirical papers from those in...

Biased recommendations from financial advisors often lead to suboptimal portfolios and unnecessary fees. In response, many households have moved to digital platforms, so‐called “robo‐advisors,” that provide low‐fee financial advice based on the household's observable characteristics....

This study used the 2012 and 2014 panels of the Health and Retirement Study, a nationally representative dataset, to examine the associations between personality traits, generational cohorts, and bequest expectations among elderly households in the United States. The results indicated that...

This study proposes a new “two‐factor” risk preference metric and assesses its effectiveness in predicting financial satisfaction under two risk domains: investment market risk and credit card risk. The factors in our two‐factor assessment are risk tolerance and financial self‐efficacy...

This study investigated whether race and ethnicity moderated the associations of bequest expectations to leave an inheritance and charitable giving with having a valid will among older Americans. Drawn from the 2014 Health and Retirement Study, we analyzed 13,261 respondents using multilevel...

The financial planning industry has been identified as having one of the largest gender pay gaps. This study examines whether male and female financial planners receive equal pay for equal work. Using detailed data on the backgrounds and practices of 710 financial planners, an unadjusted pay gap...