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Hiccups in the adoption of innovation for complex financial models

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dc.contributor.author Fehr, David
dc.contributor.author Bristol, Kristin
dc.date.accessioned 2011-01-27T15:32:04Z
dc.date.available 2011-01-27T15:32:04Z
dc.date.issued 2004
dc.identifier.uri http://hdl.handle.net/10474/1675
dc.description Author's Original
dc.description.abstract There exists a vast and growing body of literature that describes the mechanisms by which innovations diffuse through a population, as well as factors that affect the speed of adoption of an innovation. This body of literature tends to focus on incidences of successful innovations. However, study of innovations that fail to diffuse widely may be equally valuable. Furthermore, major diffusion research has not addressed financial innovation in a meaningful way (Rogers, 2003). This paper focuses on complex state-of-the-art financial innovations, developed and proposed by academicians as solutions to real-world problems. This paper (1) discusses a novel financial strategy based on the use of sophisticated financial engineering products; (2) the adoption (or lack thereof) of complicated real option evaluation models to augment capital budgeting decisions; and (3) a case study to highlight implementation issues for a highly complex fixed income option model. A revised version of this paper has since been published in the journal Advances in Financial Education. Please use this version in your citations. en_US
dc.format.extent 366094 bytes en_US
dc.language.iso en_US en_US
dc.publisher Southern New Hampshire University en_US
dc.relation.requires Adobe Acrobat Reader en_US
dc.rights The Finance Education Association retains all ownership rights. Further reproduction in violation of copyright is prohibited en_US
dc.subject.other investment valuation
dc.subject.other investment decision-making models
dc.subject.other risk assessment
dc.title Hiccups in the adoption of innovation for complex financial models en_US
dc.type Working Paper en_US
dc.description.bibliographicCitation Fehr, D. W., and Bristol, K. J. (2006). Hiccups in the adoption of innovation for complex financial models. Advances in Financial Education, 4, 23-39 en_US
dc.digSpecs PDF/A-1b en_US
dc.format.mediaType application/pdf en_US
dc.rightsHolder Finance Education Association


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