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Articles 1 - 6 of 6
Full-Text Articles in Business
An Analysis Of Weighted Least Squares Monte Carlo, Xiaotian Zhu
An Analysis Of Weighted Least Squares Monte Carlo, Xiaotian Zhu
Electronic Thesis and Dissertation Repository
Since Longstaff and Schwartz [2001] brought the amazing Regression-based Monte Carlo (LSMC) method in pricing American options, it has received heated discussion. Based on the research done by Fabozzi et al. [2017] that applies the heteroscedasticity correction method to LSMC, we further extend the study by introducing the methods from Park [1966] and Harvey [1976]. Our work shows that for a single stock American Call option modelled by GBM with two exercise opportunities, WLSMC or IRLSMC provides better estimates in continuation value than LSMC. However, they do not lead to better exercise decisions and hence have little to no effect …
A Psychological Profile Of The Digitized Economy: Who Buys Cryptocurrencies, Nfts, And Meme-Stocks (And Why)?, Nicole Wolfe
A Psychological Profile Of The Digitized Economy: Who Buys Cryptocurrencies, Nfts, And Meme-Stocks (And Why)?, Nicole Wolfe
Undergraduate Student Research Internships Conference
As the global digital economy continues to grow in interest and financial worth, it is imperative to harvest data to gain early information on this nuanced economy. Already, we have witnessed billions of dollars in losses and wins at the blink of an eye, encouragement to invest from well-known celebrities and politicians, and high anxiety from the newness, power consumption, and potential outcomes of this nuanced system. Stemming from the lack of solid evidence in this emerging field, we hope to gain more insight on the early players and variation within the digitized economy. Similarly, we hope to identify specific …
Deshkan Ziibi Conservation Impact Bond Replication, Si Zhe Yuan
Deshkan Ziibi Conservation Impact Bond Replication, Si Zhe Yuan
Undergraduate Student Research Internships Conference
Description of the work that I did the summer and its respective outcomes.
Can Financialization Save Nature? The Case Of Endangered Species, Diane-Laure Arjalies, Delphine Gibassier
Can Financialization Save Nature? The Case Of Endangered Species, Diane-Laure Arjalies, Delphine Gibassier
Business Publications
The current biodiversity loss is dramatic. Over the past 50 years, more than 68% of the mammals, birds, amphibians, reptiles, and fish on earth have disappeared, putting the planet's survival and its inhabitants – including human beings – at risk (WWF, 2020). Financialization, or the transformation of nature into financial assets, is increasingly proposed as a solution to the biodiversity crisis. Proponents of financialization believe that assigning a monetary value to nature will incentivize human beings to protect habitats and their species. This article offers a four-mechanism model of nature’s financialization, explaining why it is virtually impossible to financialize nature. …
The Motivations And Practices Of Impact Assessment In Socially Responsible Investing: The French Case And Its Implications For The Accounting And Impact Investing Communities, Diane-Laure Arjalies, Pierre Chollet, Patricia Crifo, Nicolas Mottis
The Motivations And Practices Of Impact Assessment In Socially Responsible Investing: The French Case And Its Implications For The Accounting And Impact Investing Communities, Diane-Laure Arjalies, Pierre Chollet, Patricia Crifo, Nicolas Mottis
Business Publications
This research note elaborates on the impact assessment practices of the French Socially Responsible Investing (SRI) industry. The research was conducted by the Scientific Committee of the French public SRI label based on interviews, participative observation, a survey, and documentary evidence. SRI is usually distinguished from impact investing in terms of investors’ different intentions (contributing to sustainable development in a financially savvy way for SRI vs. demonstrating a societal impact for impact investing). We show that, beyond this distinction, the meanings and motivations behind impact assessment in the SRI community are broadly different from impact assessment practices in impact investing, …
Prison Break From Financialization: The Case Of The Pri Reporting And Assessment Framework, Diane-Laure Arjaliès, Daniela Laurel, Nicolas Mottis
Prison Break From Financialization: The Case Of The Pri Reporting And Assessment Framework, Diane-Laure Arjaliès, Daniela Laurel, Nicolas Mottis
Business Publications
Purpose
This article seeks to unravel the mechanisms through which financial actors agreed upon a sustainability accounting standard without financializing social and environmental issues, i.e., assigning a monetary value to sustainability.
Design/Methodology/Approach
The article examines the Reporting and Assessment Framework created by the United Nations Principles for Responsible Investment (UN-PRI), the leading reporting sustainability framework in the asset management industry. It relies on a longitudinal case study that draws upon interviews, participant observation, and archival data.
Findings
The article demonstrates that the conception of the framework was a funnelling process of sustainability valuation comprising two co-constituted mechanisms: a process of …