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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…
Ruidong Wang, Xiyue Tan, Jianping Fu
This paper reproduces the main result of Duffie and Singleton [1] and extends it to defaultable bonds with both continuous and periodic coupon payments. Specifically, if the recovery of a defaultable bond after default follows the recovery of market value (RM…
Alexandros E. Milionis
In the battery of existing statistical techniques for the testing of the predictive power of trading rules of technical analysis and, in extension, for the testing of the hypothesis of efficiency in financial markets, this work proposes one more for inclusion…
Moon Hoe Lee
This article presents empirical evidence that European stock markets independently determine the values of their listed common stocks. It shows that European common stocks establish their own discount rates, which in turn determine their equity values. The st…
Lianqian Yin, Tong Wu, Guizhou Wang
Digital currency is produced along with the development of Internet finance. Because of its virtuality, anonymity, low cost and so forth, it is easy to be used by criminals engaged in money laundering activities. Through the cases of money laundering of Q-coi…
Andrzej Korzeniowski, Enoch J. Dangbe
We extend the discrete time risk model studied in [1] by introducing an investment component and show that the combined dividend-investment model provides higher expected returns for both the insurer and the shareholders. Furthermore, we show that given two s…
Ying Zhang
Investor discussion boards (IDBs), such as Stocktwits and TheLion, are widely used by short-term traders. This paper adopts a novel approach to assess the value that IDBs can provide to these traders. Our model identifies four key elements that influence this…
Boris Ter-Avanesov, Homayoon Beigi, 1 1
We explore the performance of various artificial neural network architectures, including a multilayer perceptron (MLP), Kolmogorov-Arnold network (KAN), LSTM-GRU hybrid recursive neural network (RNN) models, and a time-delay neural network (TDNN) for pricing…
Lie-Huey Wang
This study examines 1495 publicly listed companies over the period 2016-2022 to assess whether higher ESG (environmental, social, and governance) scores are associated with greater cash dividend payouts, and to explore how this relationship varies under both…
Yue Ma
This study builds a model of spot exchange rate determination based on the specifics of market activities from an explicitly micro perspective. Given the net position of liquidity traders, this paper examines the interaction of the behavior of two different c…
Jing Li, Ruoshan Li, Yue Ma, Jingjing Wang, Waiwa Yu
This paper identifies a novel signaling mechanism in M&A events. Using a newly hand-collected data set on famous CEOs from 2013 to 2017, we find that a famous acquiring CEO sends a bad signal on the announcement date of M&A. Such CEOs are prone to overconfide…
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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).