The main goal of the present study is testing asymmetric risk pricing and comparing it with pricing of traditional risk measures in Tehran Stock Market. Accordingly, a sample consisting of 101 companies listed in Tehran Stock Market during 2002-2013 went under investigation. In order to test asymmetric risk pricing, regression model of panel data was applied. The results revealed a positive and...

As significant increases in the costs of cancer drugs cause financial difficulties for many U.S. patients, some oncologists suggest that changes in pricing policies at the federal and state levels are inevitable.

0 v " It is a very beautiful line of reasoning. The only problem is that perhaps it is not true. (After all, nature does not have to go along with our reasoning.) " Richard P. Feynman, in Lectures on Physics. Preface The purpose of this book is to explore the scientific achievements of finance over the last forty years. That is, we will investigate whether finance has improved our understanding...

Based on the dual background of increasingly serious problem population aging and re-listing treasury bond futures market, market demand for structured pension financial products is gradually expanding, which also puts forward higher requirements pricing strategy embedded Asian options in products. Therefore, this paper designs an inclusive product with options, further studies under Monte Carl...

A new methodology is proposed to estimate theortical prices of financial contingent-claims whose values are dependent on some other underlying financial assets. In the literature the preferred choice of estimator is usually maximum likelihood (ML). ML has strong asymptotic justification but is not necessarily the best method in finite samples. The present paper proposes instead a simulation-bas...

Although the consumption based asset pricing theory appears to be theoretically superior and more elegant than the beta pricing model, yet in practice the beta pricing model is more widely applied. Indeed, beta pricing models are one of the most widely adopted tools in financial analysis. They easily allow to handle systematic risk as priced in financial assets. However, accurately estimating b...