Corporate finance and corporate strategy have long been seen as different sides of the
same coin. Though both focus on the same broad problem, investment decision-making, the …

Knowledge–based enterprises (KBEs) are difficult to value owing to the relatively greater
importance of their intangible assets, such as human capital and investment in innovation …

The real estate market is very important for every country, not merely because it ensures
construction structures and infrastructure necessary for life and work, but also because it has …

mathematical price estimate when interest rates change. It is not possible to estimate price
accurately for these assets because other variables beyond interest rates also affect the …

This study is focussed on estimating the real interest and inflation sensitivity in Spanish
market, proposing an extension of the Stone two-factor model and controlling for size and …

In this paper we proceed to estimate a measure of the flow-through capability of the firms
listed on the Spanish Stock Exchange. The flow-through capability is defined as the ability of …

Because much of the value of equity depends on the option characteristics of investment
projects, it is not feasible to calculate equity duration directly. As a result, recent literature …

This paper analyses the question of the feasibility and desirability for a liability-driven
investor to hold an equity portfolio engineered to exhibit enhanced liability-hedging …

We examine investor behavior under interest and inflation risk in different scenarios. To that
end, we analyze the relation between stock returns and unexpected changes in nominal and …

This paper analyses the repercussion of variations in interest rates on quoted stocks. First, it
reviews the main models of interest risk assessment, whose basic tool is the stock duration …