Special Issue Title: Application of Mathematical Methods in Economics and Finance
Description
Dear Colleagues,
The increasingly complex conditions regarding the functioning of companies and corporations in unstable external conditions, experiencing new challenges related to humanity, require a shift in the balance between qualitative and quantitative methods of managing their finances towards quantitative methods. The use of the latter improves the quality of financial analytics, allowing the determination of adequate and effective management decisions in area of finance.
This Special Issue collects original research related to the application of newly developed mathematical methods in economics: in any field of economics, from microeconomics to macroeconomics.
The purpose of this Special Issue is to publish the latest scientific developments in this field, based on the application of mathematical methods, discussing remaining problems and directions for further research.
The range of topics of interest includes, but is not limited to, the cost and structure of capital, corporate finance, investment models, portfolio analyses, securities, financial risks, business valuation, taxation and any field of economics, from microeconomics to macroeconomics.
Prof. Dr. Peter Brusov
Prof. Dr. Tatiana Filatova
Guest Editors
Special Issue Editors
Dr. Peter Brusov
Professor
Department of Mathematics
Financial University under the Government of Russian Federation
BRUSOV Petr Nickitovich, Doctor
of Physical and Mathematical science, Professor. Professor of the Financial
University under the Government of the
Russian Federation. He was born 23 September
1949.
Education Peter Brusov
graduated two faculties of Rostov-on-Don State University: Physical and
Mathematical, got PhD degree in Leningrad Mathematical Institute named by V.A. Steklov
in 1980 and Doctor of Physical and Mathematical science degree in Dubna (JINR)
in 1993.
In area of Physics he has created
(together with Victor Popov) the theory of collective properties of superfluids
and superconductors, has calculated the whole spectrum of collective
excitations in bulk and films of superfluid
He3. Peter Brusov has predicted superfluid phases in He3
films, the nontrivial pairing in high temperature superconductors.
In area of Finance
and Economy Peter Brusov has created (together with Tatiana Filatova and Natali
Orekhova) modern theory of capital cost and capital structure - Brusov- Filatova- Orekhova theory (BFO-theory).
Employment Experience Peter Brusov has been
a Head of the Laboratory of high
temperature superconductors in Rostov-on-Don
State University up to 2004, and now is Professor of the Financial
University under the Government of the
Russian. Peter Brusov has been visiting Professor of Northwestern University
(USA), Cornell University (USA), Osaka City University (Japan), Chung-Cheng University (Taiwan) and some others.
Peter Brusov is the author of over 500 research publications,
including six monographs, a numerous textbooks and papers. His main interests in
area of Finance and Economy is relate to corporate finance, investments, taxation and rating.
FILATOVA Tatiana, PhD in
Finance, Professor. Professor of the Financial University under the Government of the Russian Federation.
She was born 22 October 1948.
Education Tatiana Filatova graduated from Moscow Financial
Institute in 1973, got PhD degree in Finance in Moscow Financial Institute in
1978.
In area of Finance
and Economy Tatiana Filatova has created (together with Prter Brusov and Natali
Orekhova) modern theory of capital cost and capital structure - Brusov- Filatova- Orekhova theory (BFO-theory).
Employment Experience During 20 years (from 1998)Tatiana Filatova has been a Dean
of a few Faculties of the Financial University under the Government of the Russian Federation:
Financial Management, Management, State and Municipal Government and some
others. Now Tatiana Filatova is Professor of the Financial University under the Government of the Russian Federation.
Tatiana Filatova is the author of over 250 research publications,
including five monographs, a numerous textbooks and papers. Her main interests in
area of Finance and Economy is relate to financial management, corporate finance, investments,
taxation and rating.
It has become increasingly important to consider the efficiency of movies in creating box revenue while using fewer movie resources. Further, there is a lack of eWOM (online-word-of-mouth) studies regarding using the production efficiency of movies as a dependent outcome measure replacing box revenue. This study shows that production efficiency can be suggested by comparing movie resources powers, i.e., powers of actors, directors, distributors, and production companies, which are input for movie production, and the box office. For testing the validity of the measure of production efficiency, this study examines the effect of eWOM attributes, i.e., review depth, volume, rating, review sentiment, and helpfulness on production efficiency. Data envelopment analysis is adopted to produce the efficiency of movies. This study provides insights into a current movie study on eWOM by showing the effect of interaction between eWOM (review rating) and helpfulness on production efficiency. Further, this study purports to test the prediction power in predicting production efficiency using decision trees, neural networks, and logistic regression. These results show that k nearest neighbor and automated neural networks outperform the other machine learning methods in classifying efficient movies. ...
Author(s): Peter Brusov, Tatiana Filatova* and Veniamin Kulik
With this article, we open a new section in this journal: the application of mathematical methods in economics and finance. A few topics we would like to discuss to get started are corporate finance, investments, business valuation, taxation, and ratings. We describe shortly mathematical models in these areas. In the field of corporate finance, we discuss the foundations of two main theories of capital structure, the Modigliani-Miller and the modern theory of Brusov-Filatova-Orekhova (BFO theory). We compare them and describe the differences between them and their results. In the field of investments, we describe two modern investment models: (1) with debt repayment at the end of the project and (2) with uniform debt repayment and discuss their properties and applications. In business valuation, we discuss the problems that exist in this area and ways to solve them. In rating methodology, a new approach is devoted to the rating of non–financial issuers, as well as to long–term and arbitrary duration project rating. The key factors of a new approach are the adequate use of discounting of financial flows virtually not used in existing rating methodologies, and the incorporation of rating parameters (financial "ratios") into the modern theory of capital structure (Brusov–Filatova–Orekhova (BFO) theory). This article is devoted to the analysis of the theoretical mathematical methods and models based on first principles. The novelty of this consideration is due to the fact that we are considering and discussing recently developed mathematical models in economics and finance. ...
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