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.


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.


Three Essays on the Times and Work of Tomás de Mercado

Three Essays on the Times and Work of Tomás de Mercado

Author: Francisco Gómez Camacho

Publisher: Ediciones Universidad de Salamanca

Published: 2017-11-01

Total Pages: 76

ISBN-13: 8490129002

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The purpose of this edition is to provide an English translation of three essays about Tomás de Mercado’s book, Deals and Contracts of Merchants and Traders. This translation has been made from the 1569 edition of the book published in Salamanca. The book was later the object of new editions and it was expanded by two more chapters, with an Italian translation appearing in 1571. However, an English edition had never been made before. The 1569 edition is composed of four Books: the first dedicated to merchants and their contracts, the second to currency and loans, the third to usury and the fourth to the question of the obligation of restitution when a reprehensible action is committed.


Three Essays on Marxism

Three Essays on Marxism

Author: Karl Korsch

Publisher: NYU Press

Published: 1972

Total Pages: 75

ISBN-13: 085345292X

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These three essays by the independent German Marxist Karl Korsch offer expositions, often in polemical form, of basic Marxist ideas. Since they cover both sociology and economics, they are excellent guides for the student on the most introductory, though not the most elementary, level. The first essay, "Leading Principles of Marxism," takes up Marxism on the plane of sociology and deals with the relation of Marxism to Comte and positivism, and to bourgeois sociology in general. The second, his introduction to the 1932 German edition of Capital, consists of an assessment of the work in human thought and an important reader's guide to Volume I. The third, "Why I Am a Marxist," is a polemic against various distortions in Marxism and an affirmation of the revolutionary, as against the academic, character of Marxism.


IoT and Analytics in Renewable Energy Systems (Volume 1)

IoT and Analytics in Renewable Energy Systems (Volume 1)

Author: O.V. Gnana Swathika

Publisher: CRC Press

Published: 2023-08-11

Total Pages: 335

ISBN-13: 1000909778

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Smart grid technologies include sensing and measurement technologies, advanced components aided with communications and control methods along with improved interfaces and decision support systems. Smart grid techniques support the extensive inclusion of clean renewable generation in power systems. Smart grid use also promotes energy saving in power systems. Cyber security objectives for the smart grid are availability, integrity and confidentiality. Five salient features of this book are as follows: AI and IoT in improving resilience of smart energy infrastructure IoT, smart grids and renewable energy: an economic approach AI and ML towards sustainable solar energy Electrical vehicles and smart grid Intelligent condition monitoring for solar and wind energy systems