The purpose of this group is to share research in Business Management, Business Administration, Core Business Activities and related fields
This article presents a comprehensive framework for valuing financial instruments subject to credit risk. In particular, we focus on the impact of default dependence on asset pricing, as correlated default risk is one of the most pervasive threats in financial markets. We analyze how swap rates are affected by bilateral counterparty credit risk,…[Read more]
This paper attempts to assess the economic significance and implications of collateralization in different financial markets, which is essentially a matter of theoretical justification and empirical verification. We present a comprehensive theoretical framework that allows for collateralization adhering to bankruptcy laws. As such, the model can…[Read more]
communication is the activity of conveying information through the exchange of ideas, feelings, intentions, attitudes, expectations, perceptions or commands, as by speech, gestures, writings, behaviour and possibly by other means such as electromagnetic, chemical or physical phenomena. It is the meaningful exchange of information between two or…[Read more]
This paper argues that the reduced-form jump diffusion model may not be appropriate for credit risk modeling. To correctly value hybrid defaultable financial instruments, e.g., convertible bonds, we present a new framework that relies on the probability distribution of a default jump rather than the default jump itself, as the default jump is…[Read more]
While claiming to learn from the Chinese way of handling the crisis, there is no on-ground action in Pakistan that supports the claim. The Prime Minister denies national lock down despite the fact that without proper lock-down the virus spread trajectory can be rapid resulting in collapse of national health facilities which can bring the national…[Read more]
The LIBOR Market Model has become one of the most popular models for pricing interest rate products. It is commonly believed that Monte-Carlo simulation is the only viable method available for the LIBOR Market Model. In this article, however, we propose a lattice approach to price interest rate products within the LIBOR Market Model by introducing…[Read more]
Toyota has been the market leader in automobiles specially hybrid and electric automobiles. It has been operational in Pakistan since 1989. As of September 2018, it was the sixth largest company in the world in terms of revenue. The economic conditions however have not been very favorable for the automotive industry. The economy of Pakistan and…[Read more]
This paper presents a new model for valuing hybrid defaultable financial instruments, such as, convertible bonds. In contrast to previous studies, the model relies on the probability distribution of a default jump rather than the default jump itself, as the default jump is usually inaccessible. As such, the model can back out the market prices of…[Read more]
This paper presents a Least Square Monte Carlo approach for accurately calculating credit value adjustment (CVA). In contrast to previous studies, the model relies on the probability distribution of a default time/jump rather than the default time itself, as the default time is usually inaccessible. As such, the model can achieve a high order of…[Read more]
This paper presents a new model for pricing OTC derivatives subject to collateralization. It allows for collateral posting adhering to bankruptcy laws. As such, the model can back out the market price of a collateralized contract. This framework is very useful for valuing outstanding derivatives. Using a unique dataset, we find empirical evidence…[Read more]
Paul Stock: That’s right, Ayesha. The change is usually implemented by the company to improve efficiency, reduce costs, or to shift priorities. However, the change could come from outside the company like the government policy, laws, or taxes.
Also, whenever there is an unexpected change it requires the manager to react. A good manager has…[Read more]
Yes I have heard of it, and what I have understood so far about it is that Change Management has its roots in Operational Innovation and the strong desire of firms to achieve Operational Excellence.
Paul Stock: Thank you for that answer, Ayesha. It’s great that you are studying Business Management. One important topic that is trending in the field of Business Management is called “Change Management”. Have you heard of it?
Change Management is the skill of performing effective management when factors keep changing. It’s a challenge to ma…[Read more]
Alim Al Ayub Ahmed deposited The Socio-Economic Effects of Medical Unions Strikes on the Health Sector of Akwa Ibom State of Nigeria in the group Business Management on Humanities Commons 9 months ago
This study was a cross-sectional descriptive survey conducted with the general objective to describe the socioeconomic effects of medical union strikes on Nigeria’s health sector, with particular focus on Akwa Ibom State. Four research questions were formulated that guided the study. Data were collected from respondents who constituted staff, m…[Read more]
This paper aims to examine customers’ satisfaction with the product service quality rendered by high-speed 4G wireless broadband (YES!) and YES! Campus Store. 161 of 300 students were engaged from numerous faculties at Universiti Teknologi MARA, Shah Alam, Selangor, Malaysia. Based on a survey, this study suggested that tangibility, reliability, r…[Read more]
The paper analyzes the key success factors of automobile industry in Central Asia, Kazakhstan. In particularly, strategies used, experienced challenges faced by “Bipek Auto – Asia Auto” will be presented in this paper.
In banking industry social accounting has become an important phenomenon now a days. This practice by commercial banks creates a bridge between society/country and banks. The bank employees are highly motivated to do this for societal concern as well as corporate benefit. This study is conducted on 100 employees of some commercial banks of Dhaka,…[Read more]
The world is experiencing ageing phenomenal and the topic of individual retirement planning is becoming more important than before. Many studies focus on factors toward retirement planning, but limited researches studied how the culture and mentality influence the retirement planning in Kazakhstan country. This qualitative study has interviewed…[Read more]
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