THIS STUDY IS A descriptive analysis of how market prices of call options compare with
prices predicted by the Black and Scholes [2], BS, option pricing model. Although tests of …

IN THIS RESEARCH we use Cox's [7] and Cox and Ross'[8] constant elasticity of variance
diffusion processes to model heteroscedasticity in returns to common stocks. The major goal …

This article develops the conceptual relationship between corporate policy decisions and
investors' perception of their effects on future returns to estimate the impact of financial policy …

Using weekly call option prices on twenty-five stocks over a ten-year period (1975–1985)
and calls on the S&P 500 stock-index futures, we find that ex ante market volatility follows a …

… Next, the values for the sales (profit) loss function for firm j, Lj, are computed as follows: …
Thus, Lj is measured over times spent by the firm in the gray and unhealthy regions and Sjt is …

The current assets and current liabilities of a firm are the stock reflections of closely interrelated
operational and financial cash flows. The net effect of these combined flows must be …

There are several aspects of the international business environment which affect the setting
of a transfer price. These items include the various methods and rates of income taxation; …

Capital market data were used to examine the divestiture effects pertaining to deregulation,
the dropping of antitrust charges, and the reversing of the co‐insurance effect associated …

A unanimously adopted democratic constitution is a contract between the people as principal
and the government as agent. However, none of the incentive devices employed in private …

CAPITAL BUDGETING MODELS have-repeatedly encountered problems in dealing with
consumption time-preferences and limitations on the availability of capital. Hirshleifer'considers …