I formulate a search-based asset-pricing model where equity shares and fiat money can be used as means of payment. I characterize a family of optimal stochastic monetary policies. Every policy in this family implements Friedman’s prescription of zero nominal interest rates. Under an optimal policy, equity prices and returns are independent of monetary considerations. I also study a perturbation...

Spatial Transformations are the mental operations that users perform on graphs and visualizations in an effort to extract information that is not explicit. Unfortunately, previous research in the area of Spatial Transformations employed a statistically insignificant number of subject participants (e.g. astronomers, physicists, meteorologists, or undergraduate students). Although graph comprehen...

This thesis discusses the effect of Financing to Deposit Ratio (FDR), Capital Adequacy (CAR) on Return Equity (ROE) at PT. Mandiri Syariah Bank. The main problem in this study is that banking as a business entity engaged finance or really needs trust its customers support and expedite activities it undertakes. One ratios measure performance profitability (ROE). variables affect (Return Equity) ...

the concept of value creation is gaining momentum in iran under the open regime. iranian companies are geared to understand and act upon the concept of shareholder value to stay competitive in this unfathomable and volatile environment. most executives today understand that, the need to create shareholder value is paramount and the world’s most competitive management teams are responding to the...

This article develops a framework that combines the economics behind the structural modeling of sovereign credit risk, corporate capital structure, and the equilibrium modeling of international asset pricing. The default decisions of the sovereign and the firm are derived optimally and embedded in a two-country, two-good consumption-based asset-pricing model with a representative risk-averse ag...

We provide a model that links the high return to venture equity to the impatience of the VCs. VCs are scarce, and hence, they have market power and a high return on their investments. As a result, VCs are eager to terminate non-performing ventures so they can move on to new ones. The scarcity of VCs enables them to internalize their social value, and the competitive equilibrium is socially opti...

Penelitian ini bertujuan untuk mengetahui pengaruh current ratio dan debt to equity terhadap return on pada PT Bank Mandiri Tbk. Pendekatan yang digunakan dalam penelitian yaitu menggunakan pendekatan asosiatif. Populasi seluruh laporan laba rugi neraca Pt Tbk selama 20 tahun mulai dari (1999-2019). Tekhnik sampling adalah (Porpusive Sampling). pengumpulan data dokumentasi. analisis rasio, uji ...