A firm’s book equity is a measure of the value held by a firm’s ordinary shareholders.
Increasingly, it is being reported as a negative number. Since the firm’s limited liability structure …

… An earlier version of this article has been presented in (Lajbcygier and Connor, 1997).
This work was completed whilst the first author was a visiting scholar at the London Business …

… [40] PR Lajbcygier, “Improving option pricing with the product constrained hybrid neural
network and booting,” Ph.D. dissertation, School of Business Systems, Monash University, …

We examine the investment skill of socially responsible investment (SRI) fund managers.
Prior studies use the ‘alpha’ from standard asset pricing models as a proxy for management …

A new method of pricing options is introduced. The method is based on the augmentation of
a conventional model with an artificial neural network (ANN) trained on the difference …

… Like Lajbcygier and Spratt in this chapter, many teachers are concerned whether the group
marks they award in such settings truly reflect individual learning outcomes. Learners on the …

The provision of imputation tax credits can in principle lower the returns that investors require
on equity. Whether in practice imputation credits lower the returns that investors require …

Fundamental Indexation weights stock according to a firm's economic size, not stock price
or market capitalization. This means that at least in theory, unlike traditional market …

… i , t ≥ d e p t h i , t is our market depth indicator that distinguishes our immediate price impact
model from others in the literature. We define and discuss the variable I v i , t ≥ d e p t h i , t …

Instead of using industry groups or asset pricing models to estimate the cost of capital we
propose using risk equivalent classes known as basis assets. A basis asset is constructed by …