Showing 1 - 4 of 4
type="main" <title type="main">ABSTRACT</title> <p>We introduce a novel approach to estimating latent oil risk factors and establish their significance in pricing nonoil securities. Our model, which features four factors with simple economic interpretations, is estimated using both derivative prices and oil-related equity...</p>
Persistent link: https://www.econbiz.de/10011203590
Persistent link: https://www.econbiz.de/10005691467
Under the common assumption of constant interest rates, we show that penalties for early termination of a lease are often structured in such a way that the cancellation option embedded in consumer automotive leases has little value. Furthermore, our estimates drawn from a sample of three popular...
Persistent link: https://www.econbiz.de/10005334674
Persistent link: https://www.econbiz.de/10005302709