This is the sixth volume in a series which examines advances in the quantitative analysis of finance and accounting. It discusses: the pitfall of using intuitive judgement in audit scheduling; the underpricing integration of public offerings; and, the use of accruals in income smoothing.
This is the sixth volume in a series which examines advances in the quantitative analysis of finance and accounting. It discusses: the pitfall of usin...
Aims to disseminate developments in the quantitative analysis of finance and accounting. This work is a forum for statistical and quantitative analyses of issues in finance and accounting as well as applications of quantitative methods to problems in financial management, financial accounting, and business management.
Aims to disseminate developments in the quantitative analysis of finance and accounting. This work is a forum for statistical and quantitative analyse...
The purpose of this paper is to incorporate both skewness and kurtosis explicitly through extending Zhang (1994) to provide bounds for the prices of and expected payoffs for options, given the first two moments of skewness and kurtosis. The rest of this paper is organized as follows. Section II - distributions of terminal stock prices with given expected prices, standard deviation, skewness, and kurtosis under the assumption that the underlying asset price is continuously distributed. Similar to the results given in (1), the bounds derived in this paper depend on the information of the...
The purpose of this paper is to incorporate both skewness and kurtosis explicitly through extending Zhang (1994) to provide bounds for the prices of a...
