MoneyScience News |
- Coolest jobs in tech (literally): running a South Pole data center
- The surprising math of cities and corporations
- Blog Post: TheFinancialServicesClub: Retailer banking: it's just not the same
- Published / Preprint: Yesterday's Heroes: Compensation and Risk at Financial Firms Forthcoming, Journal of Finance
- Published / Preprint: The Effect of Succession Taxes on Family Firm Investment: Evidence from a Natural Experiment
- Vendor News: Infosys and Tableau Software Partner on Next-Generation Business Intelligence and Visualization
- Published / Preprint: Income Distribution in the European Union Versus in the United States. (arXiv:1411.1560v1 [q-fin.GN])
- Published / Preprint: General smile asymptotics with bounded maturity. (arXiv:1411.1624v1 [q-fin.PR])
- Published / Preprint: Universality of Tsallis q-exponential of interoccurrence times within the microscopic model of cunning agents. (arXiv:1411.1689v1 [q-fin.ST])
- Blog Post: iMFdirect: Top Five Policy Priorities to Brighten America's Economic Future
- Published / Preprint: 06Nov/Supporting information on global systemically important banks published by the Basel Committee
- Vendor News: November 6, 2014 - SS&C announces Executive Promotions to strengthen Private Equity and EMEA Alternative Assets teams
- Blog Post: TheAlephBlog: Problems in Simulating Investment Returns
Coolest jobs in tech (literally): running a South Pole data center Posted: 07 Nov 2014 01:47 AM PST |
The surprising math of cities and corporations Posted: 07 Nov 2014 01:32 AM PST |
Blog Post: TheFinancialServicesClub: Retailer banking: it's just not the same Posted: 06 Nov 2014 08:47 PM PST We talk a lot about challenger banks. These are the new banks that will create competition against the incumbents. The names thrown around include Metro Bank, Virgin Money, Tesco Bank, Aldemore, Shawnbrook and more. Although none of these have gained significant market share yet, the hope is they will against the Big Four: Barclays, HSBC, RBS/NatWest and Lloyds. In... Visit MoneyScience for the Complete Article. |
Posted: 06 Nov 2014 08:06 PM PST Many believe that compensation, misaligned from shareholdersâ value due to managerial entrenchment, caused financial firms to take creative risks before the financial crisis of 2008. We argue that even in a classical principal-agent setting without entrenchment and with exogenous firm risk, riskier firms may offer higher total pay as compensation for the extra risk in equity stakes born by... Visit MoneyScience for the Complete Article. |
Posted: 06 Nov 2014 08:06 PM PST This paper provides causal evidence on the impact of succession taxes on firm investment decisions and transfer of control. Using a 2002 policy change in Greece that substantially reduced the tax on intrafamily transfers of businesses, I show that succession taxes lead to a more than 40% decline in investment around family successions, slow sales growth, and a depletion of cash reserves.... Visit MoneyScience for the Complete Article. |
Posted: 06 Nov 2014 07:21 PM PST |
Posted: 06 Nov 2014 05:37 PM PST We prove that the refined approach -- our extension of the Yakovenko et al. formalism -- is universal in the sense that it describes well both household incomes in the European Union and the individual incomes in the United States for social classes of any income. This formalism allowed the study of the impact of the recent world-wide financial crisis on the annual incomes of different social... Visit MoneyScience for the Complete Article. |
Posted: 06 Nov 2014 05:37 PM PST We provide explicit conditions on the distribution of risk-neutral log-returns which yield sharp asymptotic estimates on the implied volatility smile. Our results extend previous work of Benaim and Friz [Math. Finance 19 (2009), 1-12] and are valid in great generality, both for extreme strike (with arbitrary bounded maturity, possibly varying with the strike) and for small maturity (with... Visit MoneyScience for the Complete Article. |
Posted: 06 Nov 2014 05:37 PM PST We proposed the agent-based model of financial markets where agents (or traders) are represented by three-state spins located on the plane lattice or social network. The spin variable represents only the individual opinion (advice) that each trader gives to his nearest neighbors. In the model the agents can be considered as cunning. For instance, although agent having currently a maximal value of... Visit MoneyScience for the Complete Article. |
Blog Post: iMFdirect: Top Five Policy Priorities to Brighten America's Economic Future Posted: 06 Nov 2014 08:16 AM PST |
Posted: 06 Nov 2014 08:06 AM PST |
Posted: 06 Nov 2014 06:07 AM PST |
Blog Post: TheAlephBlog: Problems in Simulating Investment Returns Posted: 06 Nov 2014 05:57 AM PST |
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