Similar Search Results

Bankruptcy and Transaction Costs in General Financial Models

Hoelle, Matthew - 2010

General financial models have become workhorse models in the fields of macroeconomics and finance. These models have … and finance is the well accepted fact that models with a representative agent and without financial frictions yield … fields of macroeconomics and finance in the future depends upon the frontier research in general equilibrium today. Over the …

Persistent link: https://www.econbiz.de/10009439043

Financial Modeling in a Fast Mean-Reverting Stochastic Volatility Environment

Fouque, Jean-Pierre; Papanicolaou, George; Sircar, K. Ronnie - 1999

We present a derivative pricing and estimation methodology for a class of stochastic volatility models that exploits the observed 'bursty' or persistent nature of stock price volatility. Empirical analysis of high-frequency S&P 500 index data confirms that volatility reverts slowly to its mean...

Persistent link: https://www.econbiz.de/10009476731

Relations Between Stock Returns and Fundamental Variables: Evidence from a Segmented Market

Dhatt, Manjeet S.; Kim, Yong H.; Mukherji, Sandip - 1999

This study examines relations between stock returns and potential explanatory factors in Korea, an important and segmented emerging market. Our results show that Korean stock returns in general and returns on stocks listed in Section 1 in particular are significantly positively related to...

Persistent link: https://www.econbiz.de/10009476732

Optimal funding of state public employee pension systems

Oh, Pyungsuk - 1995

This thesis focuses on developing an appropriate target for the funding level of public pension plans. Initially, a two-period model is developed that incorporates the relevant factors in a simple model, examines the comparative statics, and compares the results with actual funding levels. The...

Persistent link: https://www.econbiz.de/10009477654

Farmer participation in government commodity programs: A multiyear risk management analysis

Monke, James Dale - 1995

Government programs for agricultural commodities affect planting decisions and farm income for many producers. Many proposals to reduce federal expenditures are being considered for reform in the 1995 Farm Bill. In order to determine the effect of these proposals on both farmers and government,...

Persistent link: https://www.econbiz.de/10009477883

Are credit unions in Ecuador achieving economies of scale?

Marchio, Nick A - 2009

This study tests the assertion that membership growth in credit unions is constrained by their unique structural features, such as their non-profit mission and member-based ownership. Although these features enhance inclusiveness, existing theory suggest that they work against efficiency when...

Persistent link: https://www.econbiz.de/10009429048

An investigation of the availability, distribution, and usability of the comprehensive annual financial reports of United States cities.

Hall, Douglas Roger - Florida Atlantic University

public, being beyond all but specially trained accountants and finance professionals. …The study methodology has three parts: a descriptive analysis of sample documents; a survey of finance directors …. The CAFR model needs to be simplified, organized better, and common language used. GASB, the Government Finance Officers …

Persistent link: https://www.econbiz.de/10009431370

Capital budgeting in American county governments: Analysis of current practices.

Sekwat, Alex Sube. - Florida Atlantic University

-tested, and administered to a select group of county finance officers across the United States. Stratified random sampling …-tested, and administered to a select group of county finance officers across the United States. Stratified random sampling …

Persistent link: https://www.econbiz.de/10009431483

Tax revenues and public investment: Unidirectional or bi-directional causality? Some empirical evidence.

Karkalakos, Sotiris G. - Florida Atlantic University

This thesis examines the direction of causality between tax revenues and public investment, using data from the Greek economy. This study applies the methodologies of OLS regression analysis and tests of cointegration to examine the relationship between tax revenues and public investment. In...

Persistent link: https://www.econbiz.de/10009431585