From measure changes to time changes in asset pricing
Article Abstract:
A review of last 35 years of continues-time finance in asset pricing is presented, by focusing on the powerful elegance of the martingale representation of primitive assets and attainable contingent claims in general settings, and the persistent central role of Brownian motion in finance across the 20th century.
Publication Name: Journal of Banking & Finance
Subject: Business
ISSN: 0378-4266
Year: 2005
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Business environment and the incorporation decision
Article Abstract:
The effect of a country's institutions and business environment on a firm's organizational choices is analyzed based on data from several countries. The impact of this organizational form on access to finance and growth of the firm is explained.
Publication Name: Journal of Banking & Finance
Subject: Business
ISSN: 0378-4266
Year: 2006
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Pricing growth-indexed bonds
Article Abstract:
A method of pricing the growth-indexed bonds, which tend to reduce debt crises and periodicity of fiscal policies of emerging markets, is analyzed.
Publication Name: Journal of Banking & Finance
Subject: Business
ISSN: 0378-4266
Year: 2006
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