The objective of this study was to analyze and model periodic behavior observed in India's Nifty VIX Index and to seek the origins of these previously unreported calendar variations. Implied volatility and its variations are important to understand as the pricing of many financial assets and...

We make four contributions in this paper. First, we provide a core of macroeconomic time series usable for systematic research on China. Second, we document, through various empirical methods, the robust findings about striking patterns of trend and cycle. Third, we build a theoretical model...

In this paper, we focus on two unique information/incentive problems in venture financing: the difficulty of screening out bad ventures before they are funded and venture capitalists' effort problem in helping new ventures to succeed. Five commonly used financing methods are analyzed in terms of...

Two business units are said to have a financial boundary between them if their shares are separately traded. When business units are financially integrated, the risks associated with transactions among them will not affect the stock price of the integrated firm. This risk reduction can provide...