Financial instruments of investment

Capability-Based Financial Instruments

Every novel cooperative arrangement of mutually suspicious parties interacting electronically — every smart contract — effectively requires a new cryptographic protocol. However, if every new contract requires new cryptographic protocol design, our dreams of cryptographically enabled electronic commerce would be unreachable. Cryptographic protocol design is too hard and expensive, given our unl...

ACCOUNTING FOR FINANCIAL INSTRUMENTS FOR BANKS Joint Working Group of Banking Associations on Financial Instruments

Financial Instruments in Recommendation Mechanisms

Excellence of Financial Reporting Information and Investment Productivity

Objective –This study intends to examine the relationship between investment efficiency and financial information excellence. The study is also examining the moderating impact of sustainability on the relation between excellence in financial information and investment productivity. Methodology –The cumulative measurements are 668 firm-years and are made up of 257 subsamples of underinvestment a...

Prices of financial instruments with stochastic volatility

This interim draft represents work in progress. It is submitted for discussion purposes at the Aggregation of Opinions conference sponsored by the Cowles Foundation, Yale University, September 15–17, 2006.