Chapter Contribution The main purpose of this chapter is to shed more light into the challenging small business (SME) task of securing adequate and appropriate funding for continued viability. Access to finance is of fundamental importance to SME survival, invariably it involves working capital...

Purpose This paper aims to present the results of further investigating the Polimenis (2012) stochastic model, which aims to decompose the stock return evolution into positive and negative jumps, and a Brownian noise (white noise), by taking into account different noise levels. This paper...

Purpose – This paper aims to enhance a co-skew-based risk measurement methodology initially introduced in Polimenis, by extending it for the joint estimation of the jump betas for two stocks. Design/methodology/approach – The authors introduce the possibility of idiosyncratic jumps and...

Dividend yields have been widely used in previous research to relate stock market valuations to cash flow fundamentals. However, this approach relies on the assumption that dividend yields are stationary. Due to the failure to reject the hypothesis of a unit root in the classical dividend-price...

We show that log-dividends (d) and log-prices (p) are cointegrated, but, instead of de facto assuming the stationarity of the classical log dividend–price ratio, we allow the data to reveal the cointegration vector between d and p. We define the modified dividend–price ratio (mdp), as the...