Broad agreement exists among both the investment banking and regulatory communities that the use of internal risk management models is an efficient means for calculating capital risk requirements. The determination of model parameters laid down by the Basle Committee on Banking Supervision as...

This study evaluates the efficiency of cross hedging with single stock futures (SSF) contracts. We propose a new technique for hedging exposure to an individual stock that does not have options or exchange-traded SSF contracts written on it. Our method selects as a hedging instrument a portfolio...

This paper considers the impact of US and UK Quantitative Easing (QE) on their respective economies with a particular focus on the stock market, production and price levels. We conduct an empirical quantitative exercise based on a novel six-variable VAR model, which combines macroeconomic and...

This book is specifically written to help undergraduate and master’s students to write their research projects in accounting or finance. I am providing the book for free. KEY FEATURES- Focuses specifically on the needs of students in accounting and finance- Loaded with top tips on how to make...

In recent decades, the business world – as well as society at large – has increasingly recognised the relevance of environmental factors as essential determinants of economic development and business decisions. Due to these short- and long-term effects of environmental factors on both the...