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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…
Leith Uwaydah, Hanan Jaffal
The following paper will show an investigation regarding the hedging portfolios for the G2++ interest rate model which will be analyzed, in which a focus on the decomposition of its variations while using derived sensitivities from the instantaneous short-rat…
Enock N. Mokaya
The main task in this essay entails modeling a finite sequence of forward Euribor interest rates as continuous-time stochastic processes under several equivalent martingale probability measures, and in particular, under the terminal measure. To achieve this,…
Miwaka Yamashita
This paper introduces decision-making and risk-measure models based on advanced quantum theory, which address the contextuality of decisions more flexibly than previous approaches. Contextuality affects how risk is perceived, and changes in decision-making ar…
Moon Hoe Lee
This paper develops a valuation-based interpretation of the cost of equity by recovering an implied capitalization rate from observed equity prices and contemporaneous earnings under a maintained steady - state abstraction . In the empirical illustration, “ea…
Gaoganwe Sophie Moagi, Obonye Doctor, Edward Lungu
We have formulated an investment model that applies a conjugate utilities approach to illustrate that wealth can still grow in transitioning portfolios. We have proved that despite one asset being phased out, a unique solution for the wealth process exists. W…
Franklin G. Mixon Jr., Kamal P. Upadhyaya
The United States government’s recent decision to establish a sovereign wealth fund has boosted interest in these vehicles in the U.S. and beyond, even though several U.S. states have maintained domestic sovereign wealth funds for decades. This study offers t…
Rogério F. Porto, Daniel T. Araújo
We present a method to estimate some lower and upper bounds of a real yield curve. Between these bounds lies a region where it is mathematically impossible to contain real yields that satisfy the stated assumptions. This method is based on another real yield…
Marcello Forcellini
Liquidity spreads are a fundamental manifestation of trading frictions in financial markets, with important implications for asset pricing, risk management, and market stability. Classical theoretical models of liquidity typically rely on restrictive assumpti…
James Evans, Andrzej Korzeniowski
In recent decades, regime-switching models have gained popularity in mathematical finance as a way of overcoming the limitations of the Black-Scholes formula for European Options pricing. Rather than treat volatility as constant, regime-switching models emplo…
Rainsy Sam
Traditional valuation metrics such as the Price-to-Earnings (P/E) ratio are widely used but often misleading when comparing companies within the same sector. This paper demonstrates the irrelevance of the P/E ratio in such cross-company analyses by introducin…
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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).