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Does options trading deter real activities manipulation?
We examine whether and how options trading activity curtails real activities manipulation. Using a large sample of U.S. firms suspected of earnings...
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Options
An option is a contractual agreement that grants the option holder the right to purchase or sell a financial asset at a predetermined fixed price on...
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Real Options
Chapter 11 dealt with the capital budgeting process in which a financial manager accepts a project only if the...
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Sustainable Investments as Real Options
This chapter provides an overview of the real options features that allow us to think of sustainable investments as of real options. We analyze the...
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Extensions of the Black-Scholes Theory to Other Types of Options (Futures Options, Currency Options, American Options, Path-Dependent Options, Multi-asset Options)
We extend the basic Black-Scholes formula, which was derived in Volume I for European plain vanilla options to more complex types of derivatives like...
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A reduced-form model for lease contract valuation with embedded options
This paper provides an analytical formula for valuing lease contracts in the most general case, including adjustable leases, with cancellation,...
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Technology Choices and Design Options
This chapter on technology choices and design options for Central Bank Digital Currencies (CBDCs) covers a wide range of topics. It highlights the...
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Real Options
Chapter “Investing in Assets: Theory of Investment Decision-Making” dealt with the capital budgeting process in which a financial manager accepts a...
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Hedging cryptocurrency options
The cryptocurrency market is volatile, non-stationary and non-continuous. Together with liquid derivatives markets, this poses a unique opportunity...
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Options: Basics and Valuation
Options, like futures and forwards, are derivative instruments that provide the opportunity to buy or sell an underlying asset with a specific...
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Options
Options can be generalized as contracts that can be bought at a given price, enabling one to buy or sell an asset or security at a possible future...
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A dark side to options trading? Evidence from corporate default risk
Does options trading increase or decrease corporate default risk? We answer this question by examining how options trading affects the expected...
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Continuity correction: on the pricing of discrete double barrier options
This article deals with the pricing of double-barrier options monitored discretely. A continuity correction method is established to provide an...
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Options
This chapter demonstrates how to analyze options data. We show how to analyze data from the Chicago Board of Options Exchange (CBOE). Next, we show...
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CEO confidence matters: the real effects of short sale constraints revisited
This paper investigates the role of managerial biases in the real effects of limits to arbitrage. In a natural experiment setting with Regulation...
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Options
Options can be generalized as contracts that can be bought at a given price enabling one to buy or sell an asset or security at a possible future...
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Artificial Intelligence-Driven Digital Scalability and Growth Options
Scalability indicates the ability of a process, network, or system to handle a growing amount of work. Scalability fosters economic marginality,...
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Effectiveness of deterministic option pricing models: new evidence from Nifty and Bank Nifty Index options
This research delves into the empirical performance of deterministic option pricing models in the dynamic financial landscape of India. The primary...
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The effect of co-opted directors on real earnings management
Co-opted directors are those elected after a CEO takes office. In this paper, we examine how co-opted directors affect real earnings management. Our...
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Policy uncertainty and real activities manipulation: evidence from Brexit
Brexit exposed the UK to substantial policy uncertainty that could affect the performance and behavior of British firms. We examine the impact of...