Returns on LBOs are on average higher for developed markets. However, returns of LBOs during high economic growth periods are high for developing nations relative to developed economies. On the other hand returns in developing nations are lower when compared to the returns in developed nations...

Bond markets are over the counter markets, plagued with illiquidity, price volatility, mispricing, sovereign restructuring issues and other difficulties. We price powered bonds based on an interest rate term structure of a stochastic strings model. Power exchange bond options resolve issues...

We study power exchange options written on zero-coupon bonds under a stochastic string term-structure framework. Closed-form expressions for pricing and hedging bond power exchange options are obtained and, as particular cases, the corresponding expressions for call power options and constant...

We study power exchange options written on zero-coupon bonds under a stochastic string frame- work. We obtain closed-form expressions for pricing and hedging bond power exchange options and, as particular cases, the corresponding expressions for call power options and constant un- derlying...

In Vietnam, we find strong evidence that foreign investors hold higher percentage stakes in firms located in the south of Vietnam, firms listed on the Hochiminh stock exchange, firms with low past returns and firms that are listed longer on the exchanges. The coefficients on firm size and firm...

We study the effects of FX liquidity risk on carry trade returns using a low-frequency market-wide liquidity measure. We show that a liquidity-based ranking of currency pairs can be used to construct a mimicking liquidity risk factor, which helps in explaining the variation of carry trade...

We analyze demographic and employing institution information to determine whether differential attendee characteristics affect the importance of conference attributes among constituencies. We test some commonly held priors, like location, cost and conviviality factors and show that these are not...

We examine whether the 2005 mandatory adoption of IFRS is followed by an increase in cross-border acquisitions into the adopting countries and whether the association is driven by IFRS per se or by concurrent enforcement changes. Using the exogeneity of a firm's listing status to identify the...