Flowcharts

This document has 100 questions from students, alumnae and other persons (judges, clients,…). They are useful to clarify some useful concepts in finance. Most

This paper provides a review of significant academic studies and non-academic research endeavors in the realm of negative emotions (with an emphasis on worry),

Prior research assumes that discretionary disclosures either (a) contribute to useful decision making by overcoming information asymmetries between managers and

Copulas are a general tool to construct multivariate distributions and to investigate dependence structure between random variables. However, the concept of cop

Many of the current difficulties in residential mortgage-backed securities (RMBS) and collateralized debt obligations (CDOs) can be attributed to a misapplicati

Despite their importance for financial sector development, derivatives are few and far between in countries where the compatibility of capital market transactio

Over the last decade, Islamic banking has experienced global growth rates of 10-15 percent per annum, and has been moving into an increasing number of conventio

In cross-sectional data sets from ten credit markets, we find that middle-aged adults borrow at lower interest rates and pay fewer fees relative to younger and

Securitization as a financial instrument has had an extremely significant impact on the world’s financial system. First, by integrating capital markets and the

The efficient markets hypothesis (EMH) maintains that market prices fully reflect all available information. Developed independently by Paul A. Samuelson and Eu

This is a PDF file of ‘A Literature Review of Risk Perception Studies in Behavioral Finance: The Emerging Issues’ slides from a presentation at the 25th Annual

These are my Lecture Notes for a course in Continuous Time Finance which I taught in the Summer term 2003 at the University of Kaiserslautern. I am aware that t

These are my Lecture Notes for a course in Discrete Time Finance which I taught in the Winter term 2005 at the University of Leeds. I am aware that the notes ar

Ranking of colleges, programs, departments and faculty has reached a feverish pitch in recent years. Missing from the vast list of rankings is research covering

This article contains the front matter plus the first chapter from the textbook, Venture Capital and the Finance of Innovation. The book is intended for finance

In sharp contrast to the recommendations of Modern Portfolio Theory (MPT), a vast majority of investors are not well diversified. This neglect of diversificatio

Financial literacy has assumed greater importance in our society as the result of the increasing complexity of financial products and the simultaneous cutting o

In this paper, we explain how enterprise risk management creates value for shareholders. In contrast to the existing finance literature, we emphasize the organi

Corporate law generally makes voting power proportional to economic ownership. This serves several goals. Economic ownership gives shareholders an incentive to

This article revisits some issues I raised in a 1999 article on credit rating agencies, which increasingly are the focus of scholars and regulators. I discuss h