Objective: Nowadays, financial distress prediction is one of the most important research issues in the field of risk management that has always been interesting to banks, companies, corporations, managers and investors. The main objective of this study is to develop a high performance predictive model and to compare the results with other commonly used models in financial distress prediction M...

The macroeconomic rationale for aid relates to its ability to supplement savings, foreign exchange and government revenue, thus contributing to growth. This processes presumes a simple Harrod-Domar context in which growth is driven by physical capital formation. However, the macroeconomic reality of aid is more complicated. Three areas of complication are discussed: (i) the effects of aid on fi...

This paper is a study of continuously resettled contingent claims prices in a stochastic economy. As special cases, the relationship between futures and forward prices is analyzed, and a preference-free expression is derived for these prices, as well as the price of a continuously resettled futures option, whose formula differs from Black’s futures option pricing formula due to the effects of m...

With the increase of communication and financial transaction through internet, on-line signature verification is an accepted biometric technology for access control and plays a significant role in authenticity and authorization in modernized society. Therefore, fast and precise algorithms for the signature verification are very attractive. The goal of this paper is modeling of velocity signal t...

With the advent of the EMU and the widespread financial integration many efforts have been undertaken by European financial authorities. In the case of Spain, there are many regulatory and institutional factors that condition a deeper financial integration. This paper analyzes the relationships between corporate performance and the financial sector. The aim of the paper is twofold. Firstly, it ...