http://hdl.handle.net/10016/5 Sat, 25 May 2013 03:11:59 GMT 2013-05-25T03:11:59Z http://hdl.handle.net/10016/9853 Title: Optimal hedging under departures from the cost of carry valuation: evidence from the spanish stock index futures market Author(s): Lafuente, Juan A. Abstract: This paper provides an a~alytical discussion of the optimal hedge ratio when discrepancies between the futures trading price and its theoretical valuation according to the cost-of-carry model occurs. Under the assumption of a geometric Brownian motion for spot prices we model the mispricing by a new specific noise in the theoretical dynamic of futures market. Empirical evidence above the model is provided for the Spanish stock index futures. Ex-post simulations reveal that hedging effectiveness applying the estimated ratio is similar to the achieved with a systematic unitary hedge ratio, the optimal one when a mispricing does not appear. However, a small number of futures contracts is needed. Fri, 31 Dec 1999 23:00:00 GMT http://hdl.handle.net/10016/9853 1999-12-31T23:00:00Z http://hdl.handle.net/10016/16747 Title: Innovación, exportaciones y productividad Author(s): Cassiman, Bruno; Golovko, Elena; Martínez-Ros, Ester [emros] Thu, 31 Dec 2009 23:00:00 GMT http://hdl.handle.net/10016/16747 2009-12-31T23:00:00Z http://hdl.handle.net/10016/16745 Title: Efectividad de los incentivos públicos a la investigación e innovación empresarial Author(s): Busom Piquer, Isabel; Corchuelo Martinez Azua, Mª Beatriz; Martínez-Ros, Ester [emros] Thu, 31 Dec 2009 23:00:00 GMT http://hdl.handle.net/10016/16745 2009-12-31T23:00:00Z http://hdl.handle.net/10016/16648 Title: Valoración del renombre de las marcas deportivas : un análisis empírico para las marcas españolas de clubes de fútbol Author(s): Nuñez Barriopedro, Estela; Cerviño, Julio [jcervino] Abstract: La gestión de una marca deportiva, tiene una consideración estratégica. La marca es la herramientafundamental para crear y mantener una ventaja competitiva sostenible en un gran número desectores económicos, especialmente en el deporte y más concretamente en los clubes de fútbol. Este trabajo pretende estudiar el valor de marca contrastado empíricamente de los clubes de fútbol españoles puesto que es un instrumento clave tanto desde el punto de vista del valor relacional en el mercado como en el plano de la valoración económico-financiera y valor para los accionistas.; The management of a sport brand has a strategic consideration. The brand is the main tool to make and keep a competitive and sustainable advantage in a great number of economic sectors, specifically in sports, and specifically in football clubs. This research tries to empirically contrast the brand value of the Spanish football clubs. This brand value is a key instrument from the point of view of relational market value, as well as the level of economic-financial and shareholder values. Fri, 31 Dec 2010 23:00:00 GMT http://hdl.handle.net/10016/16648 2010-12-31T23:00:00Z