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The above article (DOI: <DOI HREF="10.1002/ijfe.373">10.1002|ijfe.373</DOI>) was published online in Early View on 25 July 2008. <P>On page 1 of the initial online publication of this article, the third author's surname was incorrectly spelled. The correct spelling should be: KAREN HOVSEPIAN.
Persistent link: https://www.econbiz.de/10005040078
This paper develops and simulates a model of a Bayesian market maker who transacts with noise and position traders in derivative markets. The impact of noise trading is examined relative to price determination in FX futures, noise transmission from futures to options, and risk-management...
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The recently implemented court decision to break up Bell (=American Telephone & Telegraph Co.) to accord with U.S. anti-trust laws represents a highly significant policy decision which is proving to be influential in other countries as well as the U.S. The telecommunication industry is of such...
Persistent link: https://www.econbiz.de/10009191741
Corporate scandals such as those at Tyco, Enron, and WorldCom have caused the decline of public trust in accounting and reporting practices. In response, US passed the Sarbanes Oxley Law (Sarbanes) in 2002, the most important corporate governance law since securities laws in 1930s. Section 302...
Persistent link: https://www.econbiz.de/10004973529
This study describes a practical use of Data Envelopment Analysis-Discriminant Analysis (DEA-DA) for bankruptcy-based performance assessment. DEA-DA is useful for classifying non-default and default firms based upon their financial performance. However, when we apply DEA-DA to a data set on...
Persistent link: https://www.econbiz.de/10004973548
This study compares DEA (data envelopment analysis) with DEA-DA (discriminant analysis) in terms of bankruptcy assessment. Recently, many DEA researchers propose a use of DEA as a quick-and-easy tool to assess corporate bankruptcy. Meanwhile, other DEA researchers discuss a use of DEA-DA for...
Persistent link: https://www.econbiz.de/10004973611
This study proposes a new use of DEA (Data Envelopment Analysis) radial approach to examine the corporate sustainability of Japanese industrial sectors. The concept of corporate sustainability is measured by its subcomponent measures, including UEN (Unified Efficiency under Natural...
Persistent link: https://www.econbiz.de/10011115888