Three Essays in Financial Markets. The Bright Side of Financial Derivatives: Options Trading and Firm Innovation

Three Essays in Financial Markets. The Bright Side of Financial Derivatives: Options Trading and Firm Innovation

Author: Iván Blanco

Publisher: Ed. Universidad de Cantabria

Published: 2019-02-15

Total Pages: 90

ISBN-13: 8481028770

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Do financial derivatives enhance or impede innovation? We aim to answer this question by examining the relationship between equity options markets and standard measures of firm innovation. Our baseline results show that firms with more options trading activity generate more patents and patent citations per dollar of R&D invested. We then investigate how more active options markets affect firms' innovation strategy. Our results suggest that firms with greater trading activity pursue a more creative, diverse and risky innovation strategy. We discuss potential underlying mechanisms and show that options appear to mitigate managerial career concerns that would induce managers to take actions that boost short-term performance measures. Finally, using several econometric specifications that try to account for the potential endogeneity of options trading, we argue that the positive effect of options trading on firm innovation is causal.


Deenie

Deenie

Author: Judy Blume

Publisher: Simon and Schuster

Published: 2014-04-29

Total Pages: 192

ISBN-13: 1481410377

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Originally published by Bradbury Press in 1973.


Three Essays in Monetary Theory

Three Essays in Monetary Theory

Author: Ludwig Van den Hauwe

Publisher: BoD – Books on Demand

Published: 2009

Total Pages: 188

ISBN-13: 2810602212

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Recent events in international financial markets have revived the scientific interest in conceivable institutional alternatives to prevailing monetary arrangements. In the essays reprinted in this book, the author critically examines some of the more influential arguments which have been made in favour of decentralization in banking.


Three Essays on Marx’s Value Theory

Three Essays on Marx’s Value Theory

Author: Samir Amin

Publisher: NYU Press

Published: 2013-10

Total Pages: 97

ISBN-13: 1583674241

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In this slim, insightful volume, noted economist Samir Amin returns to the core of Marxian economic thought: Marx’s theory of value. He begins with the same question that Marx, along with the classical economists, once pondered: how can every commodity, including labor power, sell at its value on the market and still produce a profit for owners of capital? While bourgeois economists attempted to answer this question according to the categories of capitalist society itself, Marx sought to peer through the surface phenomena of market transactions and develop his theory by examining the actual social relations they obscured. The debate over Marx’s conclusions continues to this day. Amin defends Marx’s theory of value against its critics and also tackles some of its trickier aspects. He examines the relationship between Marx’s abstract concepts—such as “socially necessary labor time”—and how they are manifested in the capitalist marketplace as prices, wages, rents, and so on. He also explains how variations in price are affected by the development of “monopoly- capitalism,” the abandonment of the gold standard, and the deepening of capitalism as a global system. Amin extends Marx’s theory and applies it to capitalism’s current trajectory in a way that is unencumbered by the weight of orthodoxy and unafraid of its own radical conclusions.


The Theory of Money and Financial Institutions

The Theory of Money and Financial Institutions

Author: Martin Shubik

Publisher: MIT Press

Published: 1999

Total Pages: 472

ISBN-13: 9780262693110

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This first volume in a three-volume exposition of Shubik's vision of "mathematical institutional economics" explores a one-period approach to economic exchange with money, debt, and bankruptcy. This is the first volume in a three-volume exposition of Martin Shubik's vision of "mathematical institutional economics"--a term he coined in 1959 to describe the theoretical underpinnings needed for the construction of an economic dynamics. The goal is to develop a process-oriented theory of money and financial institutions that reconciles micro- and macroeconomics, using as a prime tool the theory of games in strategic and extensive form. The approach involves a search for minimal financial institutions that appear as a logical, technological, and institutional necessity, as part of the "rules of the game." Money and financial institutions are assumed to be the basic elements of the network that transmits the sociopolitical imperatives to the economy. Volume 1 deals with a one-period approach to economic exchange with money, debt, and bankruptcy. Volume 2 explores the new economic features that arise when we consider multi-period finite and infinite horizon economies. Volume 3 will consider the specific role of financial institutions and government, and formulate the economic financial control problem linking micro- and macroeconomics.


Three Essays in Search of a Conversation

Three Essays in Search of a Conversation

Author: Sherman Lewis

Publisher: Hayward Area Planning Association

Published: 2022-08-27

Total Pages: 191

ISBN-13:

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These essays are for Americans concerned about the future of our country and for policy wonks. By and large, the political process is controlled by those who take an intertest in politics, large in number but small as a percent of population. Are you a member of the political class? Membership is voluntary. Our first 800 years of thinking: science culture and empathy from the Enlightenment ~1600 to ~ 2400 The Crisis of the Anthropocene: The most comprehensive description of all issues of the crisis in less than 100 pages. For the purpose of going through your mind to influence your brain. Musings on our Present Discontent: America, not advanced, not a democracy. Right to life for baby; right to choose for mom. Taxation. The security of a free state. Issues not discussed. The threat from within, Trumpism. The threat from without: Putinism. How to participate. Renewal.


Herodotus, Explorer of the Past

Herodotus, Explorer of the Past

Author: James Allan Stewart Evans

Publisher: Princeton University Press

Published: 2014-07-14

Total Pages: 179

ISBN-13: 1400861853

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Why does a power expand and become an empire? Writing in the early years of the Peloponnesian War, Herodotus gave Athens full credit for saving Greece from Persia, but also identified the city's expansion as a new manifestation of imperialist aggression. In this skillful analysis of Herodotus' intellectual world, J.A.S. Evans combines historical, anthropological, and literary techniques to show how the war affected not only the great thinker's view of Persian aggression and of the people involved in it but also the shape of the Histories themselves. The first essay discusses Herodotus' investigation of imperialism, and the second finds the beginnings of biography in his descriptions of individuals, particularly in his well-crafted portrait of Cyrus. The third essay describes the "Father of History" as a collector and evaluator of local oral stories, sources for the written work that was destined by its scope and unifying plan to introduce a new genre. Evans draws analogies between Herodotus' methods and those of oral historians in other cultures, particularly in precolonial Africa. He also explores comparisons between Herodotus in Egypt and sixteenth-and seventeenth-century European ethnologists in the Americas. Originally published in 1990. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.