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Option pricing where the underlying assets follow a Gram/Charlier density of arbitrary order
Schlögl, Erik - In: Journal of Economic Dynamics and Control 37 (2013) 3, pp. 611-632
the (far less flexible) original model of Black and Scholes (1973), allowing non-trivial higher moments such as skewness …, excess kurtosis and so on to be incorporated into the pricing of exotic options: Generalising the Gram/Charlier Series A … market involving several currencies, can be used to ensure that the volatility smiles for options on the cross exchange rate …
Persistent link: https://www.econbiz.de/10011051905
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Option Pricing Where the Underlying Assets Follow a Gram/Charlier Density of Arbitrary Order
Schlögl, Erik - 2010
the (far less flexible) original model of Black and Scholes (1973), allowing non-trivial higher moments such as skewness …, excess kurtosis and so on to be incorporated into the pricing of exotic options: Generalising the Gram/Charlier Series A … market involving several currencies, can be used to ensure that the volatility smiles for options on the cross exchange rate …
Persistent link: https://www.econbiz.de/10013135174
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What Turns Knowledge into Innovative Products? The Role of Entrepreneurship and Knowledge Spillovers
Block, Joern H.; Thurik, Roy; Zhou, Zhou, H. - Erasmus Research Institute of Management (ERIM), … - 2009
The knowledge spillover theory of entrepreneurship seeks to explain the fundamentals and consequences of entrepreneurship with respect to economic performance. This paper uses the knowledge spillover theory to explain different innovation outcomes. We hypothesize that a high rate of...
Persistent link: https://www.econbiz.de/10010730854
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Start-Up Capital
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
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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
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Entrepreneurship, Economic Growth and Policy in Emerging Economies
Thurik, Roy - Erasmus Research Institute of Management (ERIM), … - 2008
Entrepreneurship has emerged as an important element in the organization of economies. This emergence did not occur simultaneously in all developed countries. Differences in growth rates are often attributed to differences in the speed with which countries embrace entrepreneurial energy. This...
Persistent link: https://www.econbiz.de/10010730945
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A Note on Entrepreneurship, Small Business and Economic Growth
Thurik, Roy; Wennekers, Wennekers, A.R.M. - Erasmus Research Institute of Management (ERIM), … - 2001
The aim of the present short paper is to show that since the 1970s the world has changed considerably, and that this change has had consequences for the current policy debate on the determinants of economic growth. Our paper deals with some aspects of the recent scientific literature on the...
Persistent link: https://www.econbiz.de/10010730954
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Uncertainty Avoidance and the Rate of Business Ownership Across 21 OECD Countries, 1976-2004
Thurik, Roy; van Stel, André; Wennekers, Wennekers, A.R.M. - Erasmus Research Institute of Management (ERIM), … - 2006
Persistent differences in the level of business ownership across countries have attracted the attention of scientific as well as political debate. Cultural as well as economic influences are assumed to play a role. This paper deals with the influence of cultural attitudes towards uncertainty on...
Persistent link: https://www.econbiz.de/10010730993
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Blue Ocean versus Competitive Strategy: Theory and Evidence
van Stel, André; Thurik, Roy; Burke, Burke, A.E. - Erasmus Research Institute of Management (ERIM), … - 2009
Blue ocean strategy seeks to turn strategic management on its head by replacing ‘competitive advantage’ with ‘value innovation’ as the primary goal where firms must create consumer demand and exploit untapped markets. Empirical analysis has been focused on case study evidence and so...
Persistent link: https://www.econbiz.de/10010731010
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Encountered Problems and Outcome Status in Nascent Entrepreneurship
Thurik, Roy; van Gelderen, van Gelderen, A.M.; Patel, … - Erasmus Research Institute of Management (ERIM), … - 2009
The relationship is investigated between outcome status and encountered problems in the business start-up process. Contrary to expectations, we find that starters do not differ from quitters in number and type of problems encountered, and that problems encountered generally do not affect outcome...
Persistent link: https://www.econbiz.de/10010731068