This article investigates Granger causality between exchange rates and prices for the US and four of its trading partners: Canada, Germany, Japan and the UK. We emphasize the distinction between direct and indirect Granger causality: exchange rates directly cause prices if movements in exchange...

Purpose – This article proposes an evaluation of capital investments that accounts for not only the initial assets, but also any potential growth options. Design/methodology/approach – Using a piecewise linear approximation, a robust valuation technique is demonstrated for analyzing capital...

Purpose – This article proposes an evaluation of capital investments that accounts for not only the initial assets, but also any potential growth options. Design/methodology/approach – Using a piecewise linear approximation, a robust valuation technique is demonstrated for analyzing capital...