Recently added articles from Quarterly Journal of Business and Economics:
Firm complexity and FX derivatives use.(foreign exchange )(Author abstract)
Sep 22, 2007; ... Introduction Complexity is the degree of information asymmetry between managers' and shareholders' knowledge of a firm's cash flows and risks to those cash flows. It is the amount of information that would have to be transmitted to eliminate the asymmetry. We have two main ...
Labor market institutions and unemployment: can earlier findings be replicated?(Author abstract)
Sep 22, 2007; ... Introduction and Review Replication in empirical economics is vital. Indeed, it has been argued that a result is not worth knowing if it cannot be reproduced (Mittelstaedt and Zorn, 1984). Because confirming econometric results serves a public interest, this journal gives ...
Intraday Trading by floor traders and customers in futures markets: whose trades drive the volatility-volume relation?(Author abstract)
Sep 22, 2007; ... Introduction Under the mixture-of-distributions hypothesis in Clark (1973) and Tauchen and Pitts (1983), there exists a positive relation between prices and trading volume because both respond to the same underlying latent information. On the other hand, there is a considerable ...
Pricing stock options under expected increasing and decreasing price cases.(Author abstract)
Sep 22, 2007; ... Introduction Several empirical studies have provided evidence that the distributions of stock and stock index returns exhibit persistent skewness (for example, Kon, 1984; Aggarwal and Rao, 1990; and Turner and Weigel, 1992). We conduct a statistical analysis of the S&P 500 ...
A simple and student-friendly approach to the mathematics of bond prices.(Author abstract)
Sep 22, 2007; ... Introduction In his seminal paper Malkiel (1962) rigorously examined the relationship between the yield to maturity of bonds and their market prices. He developed and proved five theorems and showed how the relationship between the changes in yield to maturity and bond price ...