In this paper we provide empirical evidence consistent with the hypothesis that options
market makers face risks in managing inventory that are unique to the options markets. In …

The proposition that market-extending financial innovations enhance welfare has strong
theoretical support. However, quantification of these welfare benefits has previously been …

Financial economists have devoted substantial effort to describing and analyzing the governance
structures of the Japanese keiretsu, or business groups, to explain how their features …

Kratom is an herbal supplement that has gained popularity for recreational use within the
United States. Kratom exerts opioid-like effects and, although not US FDA approved, is …

The current structure of Federal Housing Administration mortgage insurance creates an
incentive conflict when market interest rates diverge from mortgage contract rates. If the market …

Compares several economic measures by the way they incorporate the idea of shareholder
value, their flexibility in application to the valuation of companies and measurement of …

Existing theories of the firm are silent with respect to cross-sectional differences in performance
or characteristics of firms attributable to different types of managers. We hypothesize that …

We reconsider the role of asymmetric information in motivating the issuance of callable bonds.
The previous literature has emphasized a possibility that a call feature serves as a signal …

This chapter: • examines the nature of the difficulties experienced by dyslexic students inforeign
language learning • considers a range of possible approaches and practical strategies • …

Drug delivery to the eye is challenging for formulation scientists due to physiological barriers
that separate the eye from the rest of the body. A variety of ocular disorders demand the …