Prelims
Growing Presence of Real Options in Global Financial Markets
ISBN: 978-1-78714-838-3, eISBN: 978-1-78714-837-6
ISSN: 0196-3821
Publication date: 27 November 2017
Citation
(2017), "Prelims", Growing Presence of Real Options in Global Financial Markets (Research in Finance, Vol. 33), Emerald Publishing Limited, Leeds, pp. i-xi. https://doi.org/10.1108/S0196-382120170000033010
Publisher
:Emerald Publishing Limited
Copyright © 2018 Emerald Publishing Limited
Half Title Page
GROWING PRESENCE OF REAL OPTIONS IN GLOBAL FINANCIAL MARKETS
Series Page
RESEARCH IN FINANCE
Series Editor: John W. Kensinger
Recent Volumes:
Volumes 6–25: | Edited by Andrew H. Chen |
Volumes 26–33: | Edited by John W. Kensinger |
Title Page
RESEARCH IN FINANCE VOLUME 33
GROWING PRESENCE OF REAL OPTIONS IN GLOBAL FINANCIAL MARKETS
EDITED BY
JOHN W. KENSINGER
University of North Texas, Denton, TX, USA
United Kingdom – North America – Japan – India – Malaysia – China
Copyright Page
Emerald Publishing Limited
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First edition 2018
Copyright © 2018 Emerald Publishing Limited
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British Library Cataloguing in Publication Data
A catalogue record for this book is available from the British Library
ISBN: 978-1-78714-838-3 (Print)
ISBN: 978-1-78714-837-6 (Online)
ISBN: 978-1-78743-270-3 (Epub)
ISSN: 0196-3821 (Series)
List of Contributors
Islam Azzam | Department of Management, School of Business, American University in Cairo, Egypt |
Benjamin Bae | Department of Accounting and Finance, California State University, Bakersfield, CA, USA |
Mohamed Bahaa El Din | Department of Finance & Accounting, College of Management and Technology, Arab Academy of Science Technology & Maritime Transport, Alexandria, Egypt |
Andrew H. Chen | Faculty of Finance, Cox School of Business, Southern Methodist University, Dallas TX, USA |
K. C. Chen | Department of Finance and Business Law, Craig School of Business, California State University, Fresno CA, USA |
James A. Conover | Department of Finance Insurance Real Estate and Law, College of Business Administration, University of North Texas, Denton TX, USA |
Steven A. Dennis | Department of Finance, College of Business Administration, Kent State University, Kent OH, USA |
Tarek Ibrahim Eldomiaty | Faculty of Business Administration and International Trade, Misr International University, Cairo, Egypt |
Mahdy F. Elhusseiny | Department of Accounting and Finance, California State University, Bakersfield, CA, USA |
Hideharu Funahashi | Mizuho Securities Co., Ltd., Tokyo, Japan |
Mohamed Rochdi Keffala | Faculty of Business and Social Sciences, University of Kairouan, Tunisian Republic |
John W. Kensinger | Department of Finance Insurance Real Estate and Law, College of Business Administration, University of North Texas, Denton TX, USA |
Syouching Lai | Department of Accounting and Information Systems, Chang Jung Christian University, Taiwan |
Bin Li | Department of Accounting Finance and Economics, Griffith Business School, Griffith University, Brisbane, Queensland, Australia |
Hung-Chih Li | Department of Accountancy, College of Management, National Cheng Kung University, Taiwan |
Zahraa Mohamed | Graduate School of Business, Arab Academy for Science, Technology & Maritime Transport, Alexandria, Egypt |
Wael Mostafa | Faculty of Business Administration and International Trade, Misr International University, Cairo, Egypt |
Thaddeus Sim | Department of Business Analytics, Madden School of Business, Le Moyne College, Syracuse NY, USA |
Prodosh Simlai | Department of Economics & Finance, College of Business and Public Administration, University of North Dakota, Grand Forks ND, USA |
Wm. Steven Smith | Department of Economics & Finance, College of Business and Public Administration, University of North Dakota, Grand Forks ND, USA |
Nicole Warmerdam | Department of Finance & Business Law, Craig School of Business, California State University, Fresno CA, USA |
Ronald H. Wright | Department of Business Analytics, Madden School of Business, Le Moyne College, Syracuse NY, USA |
Frederick Wu | Department of Accounting, College of Business, University of North Texas, Denton TX, USA |
Song Wang | Department of Economics Finance and Quantitative Analysis, Graham School of Management, Saint Xavier University, Chicago IL, USA |
Yilei Zhang | Department of Finance, Belk College of Business, University of North Carolina at Charlotte, Charlotte NC, USA |
Introduction
The volume starts at the base of equity valuation with an examination of the strategic expectations underlying the merger of AT&T with DirecTV. Then for comparison we get an upgrade of the traditional dividend valuation approach to equity pricing. Next we get an examination of the relationships between dividend payment patterns and firm characteristics. Then we extend the equity valuation discussion to an empirical assessment of the reality underlying the pecking order theory.
Next we get some advances in the uses of beta and cross-sectional stock returns. Then follows a cross-sectional analysis of average returns and volatility with focus on the effects of size, value, and momentum risk. Then we get an opportunity to broaden the analysis of strategy with a look at models for valuing options to choose among the most profitable of several realities in the physical realm and the information realm.
Subsequent chapters take us into the wilderness of financial distress in emerging markets around the world, with evidence from the Asian-Pacific markets. Since much of this distress arises within the banking sector, we next have an examination of the impact of maturity structure in the private placement of debt.
Finally, we have an extension of a work that appeared in the previous volume (Vol. 32) concerning bank stability in emerging countries. For this new contribution, the author (Dr. Keffala) has substantially extended his earlier work with expanded samples across a wider time spectrum and a greatly enriched sample of emerging countries. In this volume, Dr. Keffala's chapter focuses specifically on banks' use of derivatives, finding strengthened evidence that proper use of derivatives can greatly enhance bank stability.
John W. Kensinger
Editor
- Prelims
- Evaluating Conditions and Terms of the AT&T and DirecTV Merger
- Stock Valuation Using the Dividend Discount Model: An Internal Rate of Return Approach
- The Relationship Between Dividend Payment Patterns and Firm Characteristics
- An Empirical Assessment of the Reality of Pecking Order Theory
- Modified Beta and Cross-Sectional Stock Returns
- Options to Choose Among the Most Profitable of Several States in the Physical Realm and the Information Realm
- Stock Returns and Financial Distress Risk: Evidence from the Asian-Pacific Markets
- The Maturity Structure of Private Placements of Debt
- What is the Effect of Derivatives on the Index of Bank Stability in Emerging Countries? Evidence and Discussion
- Index