This study provides a comprehensive framework for analysing and developing research and development (R&D) models in higher education. Despite the evolution of R&D management practices, there remains a lack of clearly defined models that ensure long-term flexibility and effective management...

We exploit the distributional information contained in high-frequency intraday data in constructing a simple conditional moment estimator for stochastic volatility diffusions. The estimator is based on the analytical solutions of the first two conditional moments for the latent integrated...