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...

Poisson statistics are traditionally used to estimate the mean and standard deviation of the mean in time-range realizations of received photon counts from stationary processes in incoherent-detection lidar systems. However, this approach must be modified if the process under study is measurably nonstationary to account for any additional (and potentially unanticipated) variability. We demonstr...

This paper presents a simple Excel model that provides measures of the standard deviation of forecasted internal rate of return (IRR) given traditional data inputs such as annual cash flows, terminal values and equity. The model first calculates IRR using traditional discounted cash flow methods and then provides heuristic estimates of variability measured in terms of ‘‘high,’’ ‘‘low’’ and ‘‘mo...