Associating corporate performance and shareholder value creation with growth in earnings (or
sales) has been the modus operandi in the investment industry. It has greatly influenced …

… In this section we first present the PBJD model of Ramezani and Zeng (1998). The PBJD
assumes that good and bad news are generated by two independent Poisson processes and …

An asymmetric jump-diffusion model of stock price behavior is proposed. In an extension of
Merton's (1976), we posit that returns dynamics are determined by a drift component, a …

This paper extends the affine class of term structure models to describe the joint dynamics
of exchange rates and interest rates. In particular, the issue of how to reconcile the low …

Grouping schemes, commodity aggregation, and the choice of functional specification
significantly influence the results of empirical demand studies. This article assesses the …

The influence of socioeconomic variables on nutrient intake is studied using nonparametric
procedures that admit estimation of multivariate functions. The analysis indicates a nonlinear …

In the presence of uncertainty and irreversibility, dynamic decision problems should not be
solved using expected net present value analysis. The right to delay a decision can be …

Purpose – A large body of empirical literature has identified the key drivers of corporate
cash holdings. The extant literature posits that the existence of real options significantly …

Purpose As digital technologies expand access to new forms of legalized gambling, including
sports betting and online gaming, it is important to assess the impact of macroeconomic …

The double exponential jump-diffusion (DEJD) model, recently proposed by Kou (2002) and
Ramezani & Zeng (1998), generates a highly skewed and leptokurtic distribution and is …