Price discrepancies, although at odds with mainstream finance, are persistent phenomena in financial markets. These apparent mispricings lead to the presence of “arbitrageurs,” who aim to exploit the resulting profit opportunities, but whose role remains controversial. This article investigates the impact of the presence of arbitrageurs in rational financial markets. Arbitrage opportunities bet...

This paper examines how Scientific and technological (S&T) human capital is transformed into financial capital through the creation of firms by scientists. The study is based on the analysis of the role and position of the 132 founders of 62 French biotech SMEs in their early years. . Our empirical analysis highlights that scientists who have the highest human capital in terms of reputation and...

The authors of this paper present the architecture of a multi-agent system which supports investment decisions. The individual components of the system, the manner of communication between them, the mechanism of assessing the individual agents are discussed here. Combining their common open/close position signals and relearning with the use of the selected data create the never-ending learning ...

Pairs trading is an investment strategy that depends on the price divergence between a pair of stocks. Essentially, this strategy involves choosing a pair of stocks that historically move together, then taking a long-short position if the pair’s prices diverge, and finally reversing the previous position when prices converge. The rationale of the pairs trading is to make a profit and avoid mark...

Roads are subjected to vehicle traffics with different loads and velocities. Geogrid reinforcement is of the best methods for road improvement due to the ease of construction, delay in damage development and financial efficiency. This study evaluates pavement response under different loads and velocities, before and after geogrid reinforcement. A finite element software (ABAQUS) is used for num...

This paper examines how Scientific and technological (S&T) human capital is transformed into financial capital through the creation of firms by scientists. The study is based on the analysis of the role and position of the 132 founders of 62 French biotech SMEs in their early years. . Our empirical analysis highlights that scientists who have the highest human capital in terms of reputation and...

The international investment position (IIP) is the balance sheet of a country’s external assets and liabilities. It can be used to measure the degree of financial openness of a country and to provide indications on the sustainability of its external debt. As such, it is a helpful tool for monitoring financial stability. Although studies of the IIP are fairly new, we shall review some mechanisms...

This paper presents a proposed approach to address risk and regulation management within the highly active and volatile financial domain by employing semantic based technologies within a collaborative networks environment. Firstly the problems and motivation are introduced, with accent on big data and high frequency trading issues that are creating major problems to the current software systems...