Accounting for all financial instruments at fair value is a controversial issue currently under
review by standard‐setters. Banking industry associations have typically opposed the use of …

Abstract Following Constantinides'(1986) seminal approach and introducing transaction
costs in the Pagano (1989) model, conventional CARA investors with heterogeneous …

Yes. I aim to establish empirically that the" equity premium" puzzle, with its 6% excess return
per annum over Treasury bills for the last 100 years on the NYSE, can be explained once …

Yes. I aim to establish empirically that the “equity premium” puzzle, with its 6% excess return
per annum over Treasury bills for the last 100 years on the NYSE, can be explained once …

ABSTRACT" Know the customer" is increasingly the organising directive for many
contemporary businesses. Accordingly, much practitioner and growing academic attention …