Table of contents
Modifying the Black-Scholes-Merton model to calculate the cost of employee stock options
John D. FinnertyMore than 80 percent of S&P 500 firms that issue ESOs use the Black-Scholes-Merton (BSM) model and substitute the estimated average term for the contractual expiration to…
Can the correlation among Dow 30 stocks predict market declines?: Evidence from 1950 to 2008
Jeffrey S. Jones, Brian KincaidThis paper aims to examine the relationship between the correlation among the 30 stocks in the Dow Jones Industrial Average and overall returns on the broader market from 1950 to…
Post-merger changes in bank credit risk: 1991-2006
Morris Knapp, Alan GartThis paper aims to examine the post-merger changes in the credit risk profile of merging bank holding companies and tests whether there is an increase in credit risk after a…
Underlying asset liquidity, heterogeneously informed investors, and REITs excess returns
Chia-Wu Lu, Tsung-Kang Chen, Hsien-Hsing LiaoReal estate investment trust (REIT) stocks are well known for limited management discretion in investment, financing, and payout policies, implying little information asymmetry…
Firm external financing decisions: explaining the role of risks
Abdul RashidThe main purpose of this paper is to empirically examine how firm-specific (idiosyncratic) and macroeconomic risks affect the external financing decisions of UK manufacturing…
ISSN:
0307-4358Online date, start – end:
1975Copyright Holder:
Emerald Publishing LimitedOpen Access:
hybridEditor:
- Professor Don Johnson