...Ibrahim Onur Oz; Tezer Yelkenci Purpose The purpose of this paper is to examine a theoretical base for the financial distress prediction modeling over eight countries for a sample of 2,500 publicly listed non-financial firms for the period from 2000 to 2014. Design/methodology/approach...

...Monzural Hoque; John Consler; Greg M. Lepak; Susan F. Havranek Purpose The purpose of this paper is to compare the relative power of operating cash flow and earnings in the prediction of dividends. Design/methodology/approach A linear mixed effects model is used in terms of selected model fit...

... mean‐variance model is enriched with additional constraints. Design/methodology/approach The mean‐variance portfolio optimization model is extended to include integer constraints that limit a portfolio to have a specified number of assets, and to impose limits on the proportion of the portfolio...

...Monzurul Hoque; David Basterfield; Thomas Bundt; Kevin Nordt Purpose The purpose of this paper is to explore risk management models applied to electric power markets. Several Value‐at‐Risk (VaR) models are applied to day‐ahead forward contract electric power price data to see which, if any, could...

...Doug Waggle; Robert J. Balik Purpose Currently many jobs for undergraduate finance majors require that the student demonstrate advanced Excel modeling skills. The purpose of this paper is to illustrate and explain the Excel Best Practices which should enhance their financial modeling efficiency...

... a gradual improvement in their efficiency levels. The model used shows that a number of determinants like bank size, industry concentration and the investment environment have a positive impact on bank efficiency, which is not the case when standard Tobit models are employed. Research limitations...

...Enrico Moretto; Wolfgang Kürsten Purpose The purpose of this research paper is to clarify why shareholders should be prudent when managers promise value gains from a synergetic merger. Design/methodology/approach The paper proposes a simple two‐state model of stochastic firm cash flows which...

... for the firm(s) under consideration, representing the firm value‐creating power. Findings The fuzzy expert system introduced is capable of dealing with both quantitative and qualitative variables and integrates financial, managerial and strategic variables. A sensitivity analysis corroborates the model...

...George P. Artikis; Afroditi Papadaki; Georgia Siougle Purpose This paper seeks to deal with the problem of the anomalous negative price‐earnings relation for firms listed in the Athens Stock Exchange (ASE). Design/methodology/approach The simple earnings capitalization model is employed...

... Market Model (LMM) tackle the problems of modelling the forward curve with more than two factors and calibrating it to caps either/or to swaps. Other articles involve the pricing of Bermudan options using Monte Carlo simulation. In the form of case study, the very popular structure of multicallable range...

...Riccardo Bramante; Giampaolo Gabbi Purpose The paper is aimed at modelling time varying betas via a state space representation in order to decompose the marginal contribution to risk of downside and upside deviations of asset returns in portfolio optimisation. Design/methodology/approach...

... for this study. This is then followed by a discussion of the criteria for merger partner selection in Section 3. The proposed methodology for selecting potential bank merger partners is described in Section 4. The proposed model is then used to select the optimal merger partner(s) for the ten lead banks...

..., we examine the interaction between dividend smoothing/signalling and optimal re‐investment. We develop a dividend policy model that considers both an optimal level of dividends (and re‐investment) at each point in time, and optimal smoothing over time. Our model provides both theoretical insights...

... are determined by book value and discounted future abnormal earnings. This paper employs panel data methodology and equity prices from Athens Stock Exchange empirically to compare the performance of the traditional and the more recent models of equity valuation. The results show that the performance...

...Musa Darayseh; Elaine Waples; Dimitrios Tsoukalas The purpose of this paper was to determine whether a model utilizing a number of economic variables in combination with financial ratios results in a model superior to the traditional models including the financial ratios alone. A sample of 110...

...Zakir Hossain; M. Ishaq Bhatti This paper briefly introduces the concept of model selection, reviews recent development in the area of econometric analysis of model selection and addresses some of the crucial issues that are being faced by researchers in their routine research problems. The paper...

... of loans. Many factors could affect the behaviour of lending activities including rate of return, inflation, and government intervention. In this paper, a statistical model is developed to investigate the behaviour of supply of loans in Iranian banks in terms of the causal relationship between the main...

...Chen Tao This paper examines the risk factors of medical expense in China and applies statistical models to analyze these factors. Adopting data from social and private health insurance, this paper discusses the application of some multi‐variable statistical models in analyzing the risk factors...

...Hemantha S.B. Herath; John S. Jahera, Jr In recent years, practitioners and academics have argued that traditional discounted cash flow (DCF) valuation models do not adequately capture the value of managerial flexibility to delay, grow, scale down or abandon projects. The insight is that a business...

...Vladimir E. Krivonozhko; Oleg B. Utkin; Andrei V. Volodin; Ilia A. Sablin Refers to various types of data envelopment analysis (DEA) literature and puts forward a technique aimed at helping managers to visualize the results of DEA modelling without loss of mathematical rigour. Explains how DEA...