14 research outputs found
Risk-adjusted information content in option prices
No full textThere are many measures to price an option. This dissertation investigates a risk-adjusted measure to price the option with an alternative numeraire that retains the expected return of the underlying in the pricing equation. This model is consistent with the Black-Scholes model when their assumptions are imposed and is consistent with the standard capital asset pricing model. Unlike many asset pricing models that rely on historical data, we provide a forward-looking approach for extracting the ex ante return distribution parameters of the underlying from option prices. Using this framework and observing the market prices of options, we jointly extract implied return and implied volatility of the underlying assets for different days-to-maturity using a grid search method of global optima. Our approach does not use a preference structure or information about the market such as the market risk premium to estimate the expected return of the underlying asset. We find that when there are not many near-the-money traded options available our approach provides a better solution to forecast future volatility than the Black-Scholes implied volatility. Further, our results show that option prices reflect a higher expectation of stock return in the short-term, but a lower expectation of stock return in the long-term that is robust to many alternative tests. We further find that ex ante expected returns have a positive and significant cross-sectional relation with ex ante betas even in the presence of firm size, book-to-market, and momentum. The cross-sectional regression estimate of ex ante market risk premium has a statistical significance as well as an economic significance in that it contains significant forward-looking information on future macroeconomic conditions. Furthermore, in an ex ante world, firm size is still negatively significant, but book-to-market is also negatively significant, which is the opposite of the ex post results. Our risk-adjusted approach provides a framework for extraction of ex ante information from option prices with alternative assumptions of stochastic processes. In this vein, we provide a risk-adjusted stochastic volatility pricing model and discuss its estimation process.Ph.D.Includes abstractVitaIncludes bibliographical referencesby Durga Prasad Pand
Branding Plan for New Restaurant – Ravintola Mount Nepal
No full textThe commissioner of the thesis is Restaurant Mount Nepal. The thesis was made for a newly open Company Visit Nepal Oy . The newly company Visit Nepal oy is a part of Restaurant Mount Nepal. Currently, they are operating their brand in Espoo and Kereva. They are planning to open a new brand in Helsinki Center .Hence, they will open in Kamppi from the 1st of January 2020.
The main reason to write my thesis is to create branding plan for Company Visit Nepal oy. The objective itself is to create Branding plan and also to provide insights into the brand development by analyzing the best branding practices used in other ethnic restaurants in Finland.
The thesis consists of four main parts :Introduction, theory, methodology & findings and conclusion. First part will consist-of general information about the company, its objectives problems. While in theoretical section branding , branding theories -are discussed. The third part details the methodology and the findings that are deducted from the research and followed by the conclusions and recommendations.
Research process and methods which includes benchmarking results and suggestions. Then followed by discussions and conclusion. In addition, the author has observed different restaurant premises and compared it with the case company
Fabrication of P(VDF) fiber membranes with enhanced ferroelectricity through electrospinning
No full textEffect of Processing on Antioxidant Activity of Grape Seed Extract
No full textThis Dissertation / Report is the outcome of investigation carried out by the creator(s) / author(s) at the department/division of Central Food Technological Research Institute (CFTRI), Mysore mentioned below in this page
Remittance inflows and starting a business
No full text
Purpose
Political economy research recognizes that the inflows of external financial resources help the governments enact market-oriented reforms. Since remittances have outpaced other types of financial inflows in many countries, they can potentially increase the government’s incentive to implement regulatory reform that can contribute to business-friendly environment. This issue has long been overlooked by the literature on remittances. The purpose of this paper is to examine whether remittances promote business regulatory reform in the recipient countries.
Design/methodology/approach
This study uses balance of payments data on remittances for 114 countries during 2004-2012 period. Since remittances could be endogenous to business regulation, the identification strategy follows an instrumental variable approach. The author assesses the general stability of linear model estimates by fitting the beta regression model.
Findings
The results show that, while the increase in remittance inflows is associated with lower regulatory requirements for starting a business in the recipient economy, this association is stronger in developing countries than in high-income nations. Various sensitivity tests reinforce the robustness of these findings.
Originality/value
One of the most important yet overlooked aspects of remittances is that they can potentially shape the political will to enact regulatory reform for businesses. The incentives for the government to relax burdensome entry regulations tend to stem from potential gains associated with the formalization of remittances. This paper makes a first attempt at studying the link between remittances and the quality of entry regulation.
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A Study to Assess Knowledge and Attitude Towards Diversional Therapy in Pain Management among Patients in Selected Locality in Bangalore
No full textDiversional therapy is a non-pharmacological approach to pain relief that engages patients in activities such as music, art, and exercise to reduce pain perception and improve emotional well-being. This study aimed to assess the knowledge and attitude regarding diversional therapy in pain management among diseased patients in Kereguddadahalli village, Bangalore. A descriptive research design was adopted with sample of 50 respondents selected through cluster random sampling. Data were collected using a structured questionnaire covering demographics, a 20-item knowledge test, and a 15-item attitude scale. Findings revealed that 72% of participants had adequate knowledge and 56% showed a positive attitude toward diversional therapy. Mean knowledge and attitude scores were 12.72 ± 4.30 and 36.12 ± 4.95 respectively, with a significant positive correlation (r = 0.6726, p < 0.001) between knowledge and attitude. The study concludes that improved knowledge fosters favourable attitudes, underscoring the importance of patient education and integration of diversional therapy into nursing practice for effective pain management
A Study Evaluating the Effectiveness of a Structured Teaching Program on Cervical Cancer Prevention for Urban Women
No full textThis study aims to assess the effectiveness of structured teaching program on the prevention of cervical cancer among urban women in chikkabanavara, Bengaluru, Karnataka. Cervical cancer is one of the most preventable forms of cancer, yet remains a significant public health concern, especially in developing regions. The study employed a pre-test and post-test design to evaluate the knowledge of urban women regarding cervical cancer prevention before and after the teaching intervention. A total of 40 participants where participants were selected through random sampling.A structured questionnaire was used to measure their knowledge on topics such as risk factors, early detection methods, and prevention strategies, including screening and vaccination. Statistical analysis was performed to assess the effectiveness of the teaching program. The findings indicated a significant improvement in knowledge among participants post-intervention, demonstrating the value of structured education in raising awareness and promoting preventive behaviors. This study underscores the importance of educational programs in empowering women to take proactive steps in preventing cervical cancer
Performance Analysis of the Physical and Medium Access Control Layer Parameters with Effect of Varying Transmission Power Using IEEE 802.15.4 Standard for Wireless Body Sensor Networks
No full textAbstractWireless Body Area Network (WBAN) consists of miniaturized, tiny, low power body sensor nodes communicating with a BAN (Body Area Node) Coordinator through Radio Frequency (RF) interface link. Recent advancements in the field of Information, Communication and microelectronics have led to the realization of WBAN, which will help in hazardous, long term health monitoring especially for elderly people. Most of the present day's Body Area Network node's MAC/PHY protocols are built using IEEE 802.15.4 and ZigBee standard. This standard will surely make an impact through its improvisation especially in MAC/PHY layers in the days to come. Already researchers have been working on the new WBAN standard. This paper emphasizes the basic structure of IEEE 802.15.5 MAC/PHY layers through experimentation on 7 specific, static body sensor nodes placed at appropriate points on the human body transmitting heterogeneous data using Time division multiple access and Contention access period of CSMA/CA protocol. The body area channels are considered with temporal and fixed path loss values. Physical layer parameters such as latency and fade depth distribution, MAC packets received and breakdown packets of MAC layer are presented. Packet with respect to the unique and useful parameters, packet received from Media Access Control layer of each node under various conditions of the channel and with Carrier Sense Multiple Access/Collision Avoidance comparing with Time Division Multiple Access techniques. Experimental results show that a transmitting-12dBm to -15dBm was found to be suitable for energy efficient WBAN system. For TDMA scheme, the algorithm may be fine-tuned to reduce the number of packet failure which improves the energy efficiency for any kind of channel
