A substantially revised edition of a bestselling text combining explanation and implementation
using Excel; for classroom use or as a reference for finance practitioners. Financial …

We study the dynamics of IPOs by examining the tradeoff between an entrepreneur's private
benefits, which are lost whenever the firm is publicly traded, and the gains from …

Cotsakos College of Business Department of Economics, Finance and Global Business FIN
4450 - Finance Information System Instruc Page 1 Cotsakos College of Business …

… Abudy and Shust dedicate this paper to the memory of Simon Benninga, who passed away
in August 2015: a teacher, a mentor, a distinguished scholar and foremost a dear friend. …

This paper examines the optimality of an insurance strategy in which an investor buys a
risky asset and a put on that asset. The put's striking price serves as the insurance level. In …

… Simon Benninga is professor of finance at Tel-Aviv University (Israel) and the Wharton School
of the University of Pennsylvania. He is the author of Financial Modeling (MIT Press, 1997) …

… Simon Benninga is an Assistant Professor at the Wharton School of the University of
Pennsylvania. He was Assistant Professor at Tel-Aviv Universitywh en th is paper was written …

This paper examines the relation between nominal and real interest rates, and the nominal
and real term structure under uncertainty. We show that two separate risk terms cause the …

We re-examine the Mehra and Prescott (1985) model. A combination of the time preference
factor greater than one and reasonable leverage ratios in the equity market resolve the ‘…

This paper deals with the construction of the covariance matrix for portfolio optimization. We
show that in terms of the ex-post standard deviation of the global minimum variance portfolio…