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Journal of Mathematical Finance (JMF) aims at presenting the latest developments in pure and applied financial mathematics. It considers important theoretical, empirical and review papers. All manuscripts must be prepared in English and are subject to a rigorous and fair peer-review process. Generally, accepted papers…
Ying Li, Hongduo Cao, Tengjuan Zhao
This study examines the factors that influence successful equity crowdfunding, using data from the website www.dajiatou.com to develop models based on investors’ willingness to invest, financing efficiency, and the herding effect, which are all related to the…
Irene W. Irungu, Peter N. Mwita, Antony G. Waititu
The limit theory of a change-point process which is based on the Manhattan distance of the sample autocorrelation function with applications to GARCH processes is examined. The general theory of the sample autocovariance and sample autocorrelation functions o…
Youssef M. Dib, Najat Kmeid, Hanna Greige, Youssef N. Raffoul
In this paper, we study the optimal level of cash for the firm to hold. We model the cash level with inflows and outflows due to deposits and withdrawals; in between, the cash level is a stochastic process where it signals a time to sell. After modeling the c…
Md. Nurul Anwar, Laek Sazzad Andallah
In the history of option pricing, Black-Scholes model is one of the most significant models. In this article, the main concern is the numerical solution of the Black-Scholes model (a.k.a. Black/Scholes/Merton) for the European call option in a different way.…
Albina Orlando, Gary Parker
This paper focuses on assessing the financial position of an insurer issuing a portfolio of Variable Annuities (VAs). Two multivariate models for the underlying and the interest rate are considered. The first model uses a single total rate of return for the b…
Daniel T. Cassidy
Risk-neutral pricing of European call options is investigated from a mathematical point-of-view and is found to be a specious concept1. Risk-neutral pricing of European call options is an approximation in which all terms of order are ignored, where is the ris…
Burkhard Heer, Alfred Maußner
We study the ability of three different projection methods to solve high-dimensional state space problems: Galerkin, collocation, and least squares projection. The curse of dimensionality can be reduced substantially for both Least Squares and Galerkin projec…
Memory Mandiudza, Eriyoti Chikodza, Nicholas Mwareya
We investigate the dividend and equity issuance problem in the presence of interest rate. The evolution of the financial reserves of an insurance company, where management payout dividends and issue new equity, is described by a stochastic differential equati…
Marina Di Giacinto, 1 1
While numerical approaches to solve financial and actuarial stochastic optimization problems are usually based on dynamic programming, we explore an approach through a stochastic maximum principle formulation followed by the use of least squares regression to…
Irene W. Irungu, Peter N. Mwita, Antony G. Waititu
GARCH models have been commonly used to capture volatility dynamics in financial time series. A key assumption utilized is that the series is stationary as this allows for model identifiability. This however violates the volatility clustering property exhibit…
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Journal of Mathematical Finance (JMF) aims at presenting the latest developments in pure and applied financial mathematics. It considers important theoretical, empirical and review papers. All manuscripts must be prepared in English and are subject to a rigorous and fair peer-review process. Generally, accepted papers… All articles are open access under a CC BY 4.0 licence, with authors retaining copyright.
Authors submit their manuscript, metadata, and declarations through the portal. There is no submission fee.
The editorial office screens the manuscript for scope, completeness, and formatting before assigning a handling editor.
At least two independent reviewers evaluate the manuscript under single-blind review. Where revisions are required, authors respond point by point.
On acceptance the article processing charge is invoiced and the CC BY 4.0 copyright handover is signed.
The article is copyedited, typeset, and given a DOI, then publishes open access with a permanent link.
Manuscripts must be original and not under consideration elsewhere. Submit in Microsoft Word or LaTeX with figures at 300 dpi minimum. Structure research articles as Abstract, Introduction, Methods, Results, Discussion, and References.
Use the journal's numbered (Vancouver) reference style. Cite sources consecutively in the order they appear, and ensure every reference is complete and retrievable.
Declare all funding sources, conflicts of interest, and ethical approvals (including informed consent and animal-care statements where applicable).