Executive compensation packages are often valued in an inconsistent manner: while employee stock options (ESOs) are typically valued ex-ante, cash bonuses are valued ex-post. This renders the existing valuation models of ...
We study financial markets in which both rational and overconfident agents coexist and make endogenous information acquisition decisions. We demonstrate the following irrelevance result: when a positive fraction of rational ...
La tesis estudia la evolución de la estructura de propiedad de compañías y de sus efectos sobre resultados económicos reales. El capítulo 1 proporciona un análisis empírico de la privatización en Rusia en los años 90. Se ...
This thesis analyzes market risk factors in commodity and currency markets. It focuses on the impact of extreme events on the prices of financial products traded in these markets, and on the overall market risk faced by ...
El primer capítol, titulat "PROMETENT FRACÀS: Retòrica Política i Empresatial com a Determinant de l'Èxit" estableix una relació negativa entre el número de promeses fetes per polítics i companyies i el seu conseqüent ...
