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Verheul, Ingrid; Thurik, Roy - Erasmus Research Institute of Management (ERIM), … - 2000

Female and male entrepreneurs differ in the way they finance their businesses. This can be attributed to the type of business and the type of management and experience (indirect effect). Female start-ups may also experience other barriers based upon discriminatory effects (direct effect)....

Persistent link: https://www.econbiz.de/10010730856

Explaining Female and Male Entrepreneurship at the Country Level

Verheul, Ingrid; van Stel, André; Thurik, Roy - Erasmus Research Institute of Management (ERIM), … - 2005

Using Global Entrepreneurship Monitor data for 29 countries this study investigates the (differential) impact of several factors on female and male entrepreneurship at the country level. These factors are derived from three streams of literature, including that on entrepreneurship in general, on...

Persistent link: https://www.econbiz.de/10010730943

Allocation and Productivity of Time in New Ventures of Female and Male Entrepreneurs

Verheul, Ingrid; Carree, Martin Anthony; Thurik, Roy - Erasmus Research Institute of Management (ERIM), … - 2005

[Please note that there exists an updated version of this publication at http://hdl.handle.net/1765/8989] This study investigates the factors explaining the number of hours invested in new ventures, making a distinction between the effect of preference for work time versus leisure time and that...

Persistent link: https://www.econbiz.de/10010731177

Pricing of American Options

Gikhman, Ilya I. - 2017

In this paper, we present somewhat alternative point of view on early exercised American options. The standard … valuation of the American options the exercise moment is defined as one, which guarantees the maximum value of the option. We … papers [3]-[7]. Our idea is that the exercise moment of the American call/put options is defined by maximum/minimum value of …

Persistent link: https://www.econbiz.de/10012955060

Alternative Option Pricing and CVA

Gikhman, Ilya I. - 2015

The document IFRS 7 requires disclosure of information about the nature and extent of risks arising from trading those instruments. There are several significant drawbacks in derivative price modeling which relate to global regulations of the derivatives market. Here we present a unified...

Persistent link: https://www.econbiz.de/10013027293

Pricing and Hedging Options

Gikhman, Ilya I. - 2017

A new derivation of the Black Scholes Equation (BSE) based on integral form stochastic calculus is presented. Construction of the BSE solution is based on infinitesimal perfect hedging. The perfect hedging on a finite time interval is a separate problem that does not change option pricing. The...

Persistent link: https://www.econbiz.de/10012945201

Critical Point on Stochastic Volatility Option Pricing

Gikhman, Ilya I. - 2017

Persistent link: https://www.econbiz.de/10012946519

Stock, Implied, Local Volatilities and Black Scholes Pricing

Gikhman, Ilya I. - 2017

In this paper we present a critical point on connections between stock volatility, implied volatility, and local volatility. The essence of the Black Sholes pricing model is based on assumption that option piece is formed by no arbitrage portfolio. Such assumption effects the change of the real...

Persistent link: https://www.econbiz.de/10012950779

Comments on Option Pricing

Gikhman, Ilya I. - 2016

derivation of the BSE can be eliminated. We pay attention to use options as hedging instruments. We develop a new approach to …

Persistent link: https://www.econbiz.de/10012986060

Discrete Space-Time Options Pricing

Gikhman, Ilya I. - 2012

In this paper we represent alternative approach for exotics options valuation problem. We study the time-space discrete …

Persistent link: https://www.econbiz.de/10013099215