Recently, the level of climate change has substantially been rising; relatively not much is
known on ‘how’ companies alter the association between their environmental performance and …

Grounded in agency theory, this article investigates the effect of board independence on
managerial ownership. We exploit the passage of the Sarbanes–Oxley Act and the associated …

The Black–Litterman model improves the Markowitz portfolio selection model by balancing
capital asset pricing model portfolio returns with the investor’s views. The model allows …

The difference between knowledge capital and innovation and their combined impact on
firm market performance remains a puzzle. Firms can utilise their accumulated stock of …

One of Bangkok’s most perennial problems was the misbehaviour of taxi drivers. In only 4
months, from October 2015 to January 2016, the Department of Land Transport under the …

This study investigates the dependence structure of returns of different types of equity REIT.
Copulas, which provide a tractable way of modelling non-linear dependency among random …

This article provides an alternative framework to price Collateralized Debt Obligations (CDOs)
based on a special case of Lévy distributions called a Meixner distribution. The proposed …

… is the indicator function of the default event of firm k by time ti and N is the number of firms in
the portfolio. The portfolio loss distribution function … If we assume that K/V0 = 0.5, the volatility …

Grounded in agency theory, this paper investigates the effect of board independence on
managerial ownership. We exploit the passage of the Sarbanes-Oxley Act and the associated …

This article reviews the literature on neuroscience-finance. A number of tools and methodologies
used in neuroscience to study financial decision making have been covered from the …