CONTENTS
LIST OF CONTRIBUTORS vii
INTRODUCTION ix
REAL OPTIONS ‘‘IN’’ ECONOMIC SYSTEMS:
EXPLORING SYSTEMIC DISTURBANCE CAUSES AND CURES
S. B. von Helfenstein 1
MANAGING REAL OPTIONS IN NOT-FOR-PROFIT ORGANIZATIONS: THE CASE OF SHELL SPACE
John W. Kensinger and Stanley T. Crawford 33
O-SCORE FINANCIAL DISTRESS RISK ASSET PRICING
Syou-Ching Lai, Hung-Chih Li, James A. Conover and Frederick Wu
51
THE LONG-TERM RELATIONS UNDER CLIMATE CHANGE BETWEEN ECONOMIC ACTIVITY AND METAL UTILIZATIONS USING THE FORGETTING FACTOR
Andrew H. Chen, Jack Penm and R. D. Terrell 95
IMPROVED DIVERSIFICATION
THROUGH A MIX OF OIL AND EQUITIES
Helen Xu 113
CHANGES IN TRADING VOLUME AND RETURN VOLATILITY ASSOCIATED WITH S&P 500 INDEX ADDITIONS AND DELETIONS
Eric C. Lin 127
v
MODELLING THE US SWAP SPREAD Hon-Lun Chung, Wai-Sum Chan and Jonathan A. Batten
155
PRICING AND RISK MANAGEMENT OF VARIABLE ANNUITIES AND
EQUITY-INDEXED ANNUITIES Guanghua Cao, Andrew H. Chen and Zhangxin Chen
183
CONTENTS vi
LIST OF CONTRIBUTORS
Jonathan A. Batten Hong Kong University of Science &
Technology, Hong Kong, China Guanghua Cao Applied Mathematics, Southern
Methodist University, Dallas, TX, USA Wai-Sum Chan The Chinese University of Hong Kong,
Hong Kong, China
Andrew H. Chen Southern Methodist University, Dallas, TX, USA
Zhangxin Chen University of Calgary, Calgary, Canada Hon-Lun Chung Hong Kong Polytechnic University,
Hong Kong, China
James A. Conover University of North Texas, Denton, TX, USA
Stanley T. Crawford Richardson Independent School District, Richardson, TX, USA
John W. Kensinger University of North Texas, Denton, TX, USA
Syou-Ching Lai Graduate Institute of Finance and Banking, National Cheng Kung University, Tainan, Taiwan Hung-Chih Li Graduate Institute of Finance and
Banking, National Cheng Kung University, Tainan, Taiwan
Eric C. Lin California State University, Sacramento, CA, USA
Jack Penm Australian National University, Canberra, Australia
vii
R. D. Terrell Australian National University, Canberra, Australia
S. B. von Helfenstein Braver P.C., Boston, MA, USA Frederick Wu University of North Texas, Denton,
TX, USA
Helen Xu Holy Names University, Oakland, CA, USA
viii LIST OF CONTRIBUTORS
