Bank Runs, Deposit Insurance, and Liquidity
This paper shows that bank deposit contracts can provide allocations superior to those of exchange markets, offering an explanation of how banks subject to runs can attract depo...
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4,006 publications
The Stakeholder Theory of the Corporation: Concepts, Evidence, and Implications
?The stakeholder theory has been advanced and justified in the management literature on the basis of its descriptive accuracy, instrumental power, and normative validity. These ...
Cannibals with forks: the triple bottom line of 21st century business
Introduction - is capitalism sustainable? seven revolutions for sustainable capitalism revolution 1 - competition - going for the triple win revolution 2 - values - from me to w...
Estimating causal effects of treatments in randomized and nonrandomized studies.
A discussion of matching, randomization, random sampling, and other methods of controlling extraneous variation is presented. The objective is to specify the benefits of randomi...
A Closed-Form Solution for Options with Stochastic Volatility with Applications to Bond and Currency Options
Journal Article A Closed-Form Solution for Options with Stochastic Volatility with Applications to Bond and Currency Options Get access Steven L. Heston Steven L. Heston Yale Un...
Development of an Instrument to Measure the Perceptions of Adopting an Information Technology Innovation
This paper reports on the development of an instrument designed to measure the various perceptions that an individual may have of adopting an information technology (IT) innovat...
Simulation Modeling and Analysis.
From the Publisher: This second edition of Modeling and Analysis includes a chapter on Simulation in Manufacturing Systems and examples. The text is designed for a one-term or...
Coherent Measures of Risk
In this paper we study both market risks and nonmarket risks, without complete markets assumption, and discuss methods of measurement of these risks. We present and justify a se...