We investigate the position of the Buchen-Kelly density in a family of entropy maximising densities which all match European call option prices for a given maturity observed in the market. Using the Legendre transform which links the entropy function and the cumulant generating function, we show tha...

A company, whatever it size, form or importance is never away from financial difficulties that could lead it to collective proceeding. This situation is not without any consequences on the company's players, especially, creditors, who are the main collaborators in the company's exercise. Thus, to pr...

We propose a randomised version of the Heston model-a widely used stochastic volatility model in mathematical finance-assuming that the starting point of the variance process is a random variable. In such a system, we study the small-and large-time behaviours of the implied volatility, and show that...

The nations are worth as much as it is worth their economies. In today's global world, people gain or lose independence primarily by how successful their economy is . Of course, freedom and independence of a people is defended in all fields, but the economic success is the key to success to all the...

The right to information, the citizen's fundamental right, must be regarded as a right whose scope is wider, to the extent of social evolution. More and more often, the need for individual information is observed in the most diverse areas, including the economic field. In my opinion, economic infor...

Dept securitisation is a procedure of converting non liquid bank assets into liquid by securities placement at capital market. Subject of this paper is on balance securitisation and question is it possible to conduct emission of bonds covered by pledge on bank claims, since it is possible to issue c...

The purpose of the study is to analyse the disclosure of public payment requirements in the light of the accounting office, and to verify whether the legislation in force interferes with the accounting treatment of these securities. In this regard, literature and documentary research was carried out...

The article highlights the importance of Jewish merchants’ activity in maintaining and expanding trade relations between the Russian Empire and the Principality of Moldova at the end of the 18th century and the beginning of the 19th century. Many of the Jews involved in the Moldavian-Russian economi...

Securities play a key role in the market once they allow the credit circulate quickly and safely. It could be said that securitues have been the greatest contribution of business law for the formation of the modern economy. However, precisely because they permit a quick ad safe credit circulation, t...

The most important veracity of the Islamic community after the death of the Prophet (a.s) is still the result of the ongoing problem. During the historical process, Shia made the issue more aggressive by addressing the issue of Hilafa/imetition. According to Shia, Ali's caliphate is a fact designate...

This work raises various issues related to the process of modernising company law and the capital market. The purpose of this article is to provide an overview of the structure and function of the traditional model and of the crisis in its technical and conceptual equipment, with the emphasis on bre...

The increase in mortgage lending in European countries since the 1990s’ is symptomatic of a political determination to push households into buying rather than renting on the housing market. Banks benefit from this as it allows them not only to increase their loan portfolios but also to use loans as...

How can the financial system ensure stable funding for physical investments, while satisfying the liquidity requirement of financial investors who generally want to be able to recover their funds if needed? This article looks at the role of the different actors in what looks like a quadrature myster...

Game (Israeli) options in a multi-asset market model with proportional transaction costs are studied in the case when the buyer is allowed to exercise the option and the seller has the right to cancel the option gradually at a mixed (or randomised) stopping time, rather than instantly at an ordinary...

Warrants with stock price dependent threshold conditions give the right to buy specially issued stocks, if the performance of the stock price satisfies some requirements. Existence of these derivatives changes the price process of the underlying. We show that in the presence of such warrants one can...

Food security is the basic human right and is achieved if adequate food is available and accessible for all individuals at all times to live a healthy and happy life. In gender inequality, women are poorly nourished , have less access to health care and live in poor sanitary and household conditions...

Pledges over receivables have long been neglected by actors of the economy because of its inadequate legal system. But since the order from March 23rd, 2006 and the new provisions regarding security it implemented, the consistent, appropriate and flexible system has become more attractive for credit...

COMM. 228Note to the judgment in EC, 3th and 8th Ch., 14 October 2019, No 417095, Sté Techmeta In a judgment of 14 October 2019, the Conseil d’État clarified the tax consequences of the waiver of a right of usufruct over company titles in favour of a night-owner company. That decision must be interp...

Security-trusts are the most effective securities that a creditor can hope to obtain from his debtor. They grant to the creditor, not a simple right of preference but an exclusive right over the object of the guarantee. The exclusivity conferred by property allows the creditor to guard against the d...

Publishing bilingual chinois-French. Texts in Chinese and French. — Chinese — hanzi, Korean — Hanja, Japanese — kanji. — Contains a flashcode. — Index p. [797] -808.Applying to the collection: The Letter of Laws, ISSN 1777-4292 The law of Chinese affairs currently in force, established since the 197...

This article deals with the first products of rich Islamic biographical origin and also the request books that are relevant to the birth and development of this literature. Muslims' sensitivity for the right transfer of victims started during the shed and then revealed the process that became a stri...

The purpose of the study is to analyse the disclosure of public payment requirements in the light of the Accounting Officer, as well as to verify whether the legislation in force interferes with the accounting treatment of these securities. In this regard, literature and documentary research was car...

<p class="Abstract"><strong><em>Purpose: </em></strong>This paper explores the behavior choice of large shareholders in the related party transactions which occur between the large shareholders and listed companies by using the data of shares from 2007 to 2010.</p> <p class="Abstract"><strong><em>De...

This paper finds evidence that delisting firms make reported earnings more conservative to avoid litigation risk. Conservatism has been used as one of suitable reporting quality measurements that is separate from discretionary accruals, in that investors can monitor the firm&#8217;s contract efficie...

Due to the 2007 American systemic crisis, there are legal bases related to the lack or inefficiency of the characteristic features of a modern territorial system: efficient land registration, banking system and mortgage securities. The widespread use of owner-occupied housing has been identified as...