For determining the expected return, and asset pricing, CAPM (Capital pricing model) is being used dominantly grounded on only market (systematic) risk-factor though several anomalies have been revealed in this model. Fama French (1993) addressed those developed Three-factor model by combining size value factors besides factors. Over time, Carhart (1997) has further a addressing momentum factor...

This study is about an improved high-quality light-emitting diode (LED) converter for a T8 LED tube. The separated into the AC driving circuit and DC circuit. Also, tube was applied with output ripple eliminator optical performance. are assembled at end of in G13 base dummy, respectively, located on PCB. proposed founded SSBB (single-stage buck-boost) topology designed 10 W operation 600 mm lig...

Turkey has a high diversity of native and commercially grown plants. European cranberrybush, fruit species in the country, is interest because its health benefits. This study aimed to determine genetic uisng morphological, molecular, phytochemical markers twenty-four different genotypes cranberrybush from Kayseri province, which an important region production plant Turkey. The results show wide...

This paper analyzes the effects of information leakage on trading behavior and market efficiency. It shows that a trader who receives a leaked signal prior to a public announcement can exploit this private information twice. First, when he receives his signal, and second, at the time of the public announcement. The latter effect occurs because he can best infer the extent to which his informati...

We study the cross-sectional performance of option pricing models in which the volatility of the underlying stock is a deterministic function of the stock price and time. For each date in our sample of FTSE 100 index option prices, we fit an implied binomial tree to the panel of all European style options with different strike prices and maturities and then examine how well this model prices a ...

I develop a noisy rational expectations equilibrium model with a continuum of states and a full set of options that render the market complete. I show a major difference in equilibrium behavior between models with constant absolute risk aversion (CARA) and non-CARA preferences. First, when informed traders have non-CARA preferences, all equilibria are fully revealing, independent of the amount ...