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This paper assesses whether the market valuation of gold mining firms contain a premium for the option to close. Tests … of whether observed market values incorporate operating flexibility is central to our understanding of the processes that … drive market values and has implications for the relevance and suitability of known theoretical pricing frameworks. This …
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A lack of appropriate measurement techniques has constrained full cost environmental accounting (FCEA) experimentation. Yet, there has been little research on the applicability of valuation techniques recently developed by environmental economists within FLEA frameworks. This paper examines a...
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Subsequent to the influential paper of [Chan, K.C., Karolyi, G.A., Longstaff, F.A., Sanders, A.B., 1992. An empirical comparison of alternative models of the short-term interest rate. Journal of Finance 47, 1209-1227], the generalised method of moments (GMM) has been a popular technique for...
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This project is a case study on three small market Major League Baseball teams: Oakland, Minnesota, and Cincinnati. The … purpose is to discover why some small market teams fail and why some succeed using the hypothesis that small market teams with … development system. The paper defines small market teams while examining the relationship between winning and attendance, payroll …
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