VaR (value-at-risk) estimates are currently based on two main techniques: the variance-covariance approach or simulation. Statistical and computational problems affect the reliability of these techniques. We illustrate a ...

This paper describes and applies a nonparametric model for pricing multivariate contingent claims. Multivariate contingent claims are contracts whose payoffs depend on the future prices of more than one underlying variable. ...

Les lois de développement qui ont été périodiquement mises en oeuvre en Grèce n'ont pas toujours comporté d'incitations financières. Cette absence pouvait s'expliquer de plusieurs manières, soit que l'on ait préféré alors ...

The new Government announced the five priorities of its governmental program that refer to matters of foreign affairs, defence economic and developmental policies, to the institutions and t public administration, Education, ...

The concept of a system has been identified in a large number of disciplines; biology, management science, economics, sociology, political science, theology, law, etc., have profited by the apparatus associated with ...

In Part I, we extended the work of Ashby [1,2] to develop an analytical framework for determining the relation betweén system size and system stability. It was established that, for linear dynamic systems, as the number ...

Research on the quality of narrative information of annual financial reports has long been dominated by a lack of tools that permit an objective analysis of qualitative disclosure. This study is focused on accounting ...

Central banks typically have a long-run inflation target that is modestly positive. However, the standard New Keynesian framework prescribes that zero inflation is the optimal longrun target. In this paper, we show that ...

The main aim of this article is to explicitly present what the parallel banking system is and its activities. The first part of the paper focuses on how this banking system could support real economy and contribute to the ...

Many scholars have tried to comprehend and analyse the root causes of the Greek economic crisis. In the majority of these analyses, a series of economic factors were mainly highlighted as the key to understanding the nature ...

In this paper we show that by assuming a constant variance/covariance matrix over the holding period, the VaR limits can often be exceeded within the relevant horizon period. To minimize this risk, we formulate the problem ...

The purpose of this study is to provide evidence drawn from publicly traded companies in Greece as far as the predictability of going-concern opinions, and other business situations (problem companies, tax contingent ...

This study primarily investigates differences in the market variables of companies that show corporate social responsibility (CSR) compared with those that do not. We also examine whether predictions of CSR can be ...

Ι would like to assure you that Ι feel deeply touched because Ι am honored tο address all of you today a distinguished as well as dangerous audience, bearing specific aims and targets. Your presence here certainly recalls ...

This paper describes and analyses the use of the Filtered Historical Simulation algorithm in pricing spread options. Spread options are contracts whose payoff depends on the price difference (spread) between two or more ...

Organizational culture constitutes a fundamental characteristic of the educational organism, because, it contributes to the shape of its character and of its members’ way of thinking and behavior and, it is also connected ...

This research paper seeks to clarify the importance and at the same time the multidimensional role that the business process can play, as well as the implementation of innovative approaches to the survival of small and ...

We examine the performance of various types of technical trading rules in the emerging Cyprus Stock Market (CSE). Furthermore, we examine the predictability of daily returns for the CSE with respect to the extent that the ...

Recent governmental interventions in Public Administration, (such as annulment of Ministry of Public Order and alteration to Sub Ministry of Interior, Public Administration and Decentralization, annulment of General ...

Purpose – This paper examines the relationship between organisational creativity, productivity and the underlying dimensions that foster quality function deployment (QFD). Methodology – A total of 359 usable questionnaires ...