In the framework of Black-Scholes-Merton option pricing models, by employing exotic options instead of plain options or warrants, this paper presents an equivalent decomposition method for usual Callable Convertible Bonds (CCB). Furthermore, the analytic valuation formulae for CCB are worked out...

In the framework of Black-Scholes-Merton option pricing models, by employing exotic options instead of plain options or warrants, this paper presents an equivalent decomposition method for usual Callable Convertible Bonds (CCB). Furthermore, the analytic valuation formulae for CCB are worked out...

Automatic Generation Control (AGC) and Automatic Voltage Control (AVC) are key approaches to frequency and voltage regulation in power systems. However, based on the assumption of decoupling of active and reactive power control, the existing AGC and AVC systems work independently without any...

The paper examines the role of M&A advisors in propagating takeover activity following economic shocks. We posit that M&A advisors play a significant role in promoting aggregate merger activity in the wake of an industry shock. The empirical results support this proposition by demonstrating a...