This study investigates the announcement and issuance effects of offering convertible bonds
and exchangeable bonds using data for the Swiss and German markets during January …

This paper examines the performance of US mutual funds that invest primarily in convertible
bonds. Multivariate cross-sectional analyses show a significant relation between a fund’s …

In this numerical analysis of models for valuing employee stock options, the focus is on the
impact of a model on the resulting option prices and the sensitivity of pricing differences …

This article examines the pricing and hedging of mandatory convertible bonds on the US
market using daily market prices for a period of 498 trading days resulting in a sample of over …

This paper examines the pricing of (multi-) barrier reverse convertibles in the Swiss market.
These structured products with exotic characteristics have a knock-in feature and are usually …

We present a numerical analysis of valuation models for employee stock options. In particular,
we analyze the impact of the model on the resulting option prices and investigate the …

In this paper, we show how employee stock options can be valued under the new reporting
standards IFRS 2 and FASB 123 (revised) for share-based payments. Both standards require …

We analyse how demographic change affected profits and returns across pharmaceutical
industries over the last 20 years. Fluctuations in different age group sizes influence the …

As the world faces the threat of climate change, investors and financial institutions are
increasingly looking at investment portfolios’ carbon characteristics. We have identified three key …

This study analyzes the pricing of warrants written on the Swiss Market Index (SMI) during
the financial crisis. Of particular interest is how changes in warrant pricing errors, ie the …