Advances in Financial Planning and Forecasting(電子書)

This is the third volume of Advances in Financial Planning and Forecasting(New Series). The main purpose of this publication is to promote high-quality theoretical and empirical research in financial analysis, planning, and forecasting.

This publication includes original articles that:
• Present and develop finance theories that are innovative to financial analysis, planning, and forecasting.
• Contribute substantially to the development of new financial planning and forecasting models.
• Examine and illustrate, through empirical analysis, the application of important and useful statistical, econometric, mathematical, and computer techniques in financial planning and forecasting.
• Present and analyses new and useful accounting, financial, and economic data for financial planning and forecasting in business policy decisions.

The volume consists of 10 chapters. Overall, these papers show how accounting information, finance theory, and management tools such as statistics, econometrics, and programming techniques can be combined to perform financial analysis, planning, and forecasting. The chapters in this volume cover a wide range of topics including equity, portfolio and mutual fund management, credit risk management, options and futures, international finance, and issues related to financial management.

Editorial Board:
Center for Pacific Basin, Business, Economics, and Finance Research
James S. Ang The Florida State University, U.S.A.
Christopher B. Barry Texas Christian University, U.S.A.
Stephen J. Brown New York University, U.S.A.
Edwin Burmeister Duke University, U.S.A.
Carl R. Chen The University of Dayton, U.S.A.
Ren-Raw Chen Rutgers University, U.S.A.
Son N. Chen National Chengchi University, Taiwan
Cheol S. Eun Georgia Institute of Technology, U.S.A.
Jack C. Francis Baruch College, U.S.A.
Chin-Wen Hsin Yuan-Ze University, Taiwan
Ping Hsiao San Francisco State University, U.S.A.
Dong Cheol Kim Rutgers University, U.S.A.
Stanley J. Kon Smith-Breedan Associate, Inc., U.S.A.
Yun Lin National Taiwan University, Taiwan
Scott C. Linn University of Oklahoma, U.S.A.
William T. Moore University of South Carolina, U.S.A.
R. Richardson Petti University of Houston, U.S.A.
C. W. Sealy University of North Carolina –Charlotte, U.S.A

Preface to Volume 3 vii
List of Contributors x
Chapter 1 The Effect of Regulation FD on Market Reactions 1
Rong Yang
Chapter 2 Do Long Interest Rates Ever Fall? 21
Bradford D. Jordan, Susan D. Jordan, Joseph C. Smolira, and Denver H. Travis
Chapter3 Planning the Firm’s Financing Mix: Optimal Control Modeling And Computation 37
Ping Chen and Sardar M. N. Islam
Chapter4 Volatility Forecasting Performance with VIX: Implied Volatility Versus Historical Standard Deviation and Conditional Volatility 67
Jorg Bley and Dennis Olson
Chapter5 The Relative Importance of Global, Country and SectorRisks 93
Eric Girard, Eurico Ferreira and Amit Sinha
Chapter6 Effect of Distribution Method on Optimal Choice of IRAPlan 127
Steven Smith
Chapter7 Value Growth Rate and Value-to-Price Ratio: Forecasting Returns of the S&P 500 Composite Index 163
Yan He, Chunchi Wu and Uric B. Dufrene
Chapter8 Does the Net Flow of Funds Help to Predict the S&P 500 Index? 193
Thomas A. Carnes, Michael Mosebach and Mohammed Najad
Chapter9 Futures Margin Requirement—A comparison of Value-at-Risk with Expected Shortfall Measures 211
Lan-Chih Ho, Min-Teh Yu and Po-Han Chen
Chapter10 Functional Forms, Market Segmentation and Pricing of Closed-end Country Funds 235
Cheng-Few Lee, Dilip K. Patro and Bo Liu
Index