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Full-Text Articles in Business
Systems And Methods Of Derivative Strategy Selection And Composition, Greg Hammond
Systems And Methods Of Derivative Strategy Selection And Composition, Greg Hammond
Department of Finance: Faculty Publications
A method and apparatus of selecting derivative strategies, where candidate derivative strategies are selected from a set of essentially all possible derivative strategies available for an underlying, based upon a user's market sentiment for an underlying, to perform favorably under the foreseen conditions being most appropriate to the user's strategic intent and the choices afforded by the relevant markets.
Health Care And The Cross-Section Of Us Stock Returns, Brian C. Payne, John Geppert
Health Care And The Cross-Section Of Us Stock Returns, Brian C. Payne, John Geppert
Department of Finance: Faculty Publications
Health care costs represent a large and growing component of business and consumer expenditures in the US. Medical inflation represents these costs, and it differs from aggregate inflation and other market factors with respect to its rate of growth, statistical properties and the extent to which it can be hedged by households and firms. Using multiple model specifications for the 25-year period from 1985 to 2009, we find medical inflation is robustly priced in the cross-section of US stock returns. It commands a risk premium of between 31 and 51 basis points per annum per unit change in beta. Medical …