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"+" : X<0 ? "-" : " " }function CreateXmlHttpObj1() {try {XmlHttpObj1 = new ActiveXObject("Msxml2.XMLHTTP");}catch(e) {try{XmlHttpObj1 = new ActiveXObject("Microsoft.XMLHTTP");}catch(oc) {XmlHttpObj1 = null;}}if(!XmlHttpObj1 && typeof XMLHttpRequest != "undefined") {XmlHttpObj1 = new XMLHttpRequest();}}function loadingTime() {//calculate the current time in afterloadvar afterload = (new Date()).getTime();//calculate the secondsclientTime = (afterload-beforeload)/1000;serverTime =  parseFloat(document.getElementById("serverTime").innerHTML);totalTime = (clientTime + serverTime).toFixed(3);document.getElementById("loadingtime").innerHTML = "and delivered in " + totalTime + " seconds";}function addLoadEvent(func) {var oldonload = window.onload;if (typeof window.onload != 'function') {window.onload = func;} else {window.onload = function() {if (oldonload) {oldonload();}func();}}}</script>    <title>SSRN JEL Code: E47</title>    <meta http-equiv="X-UA-Compatible" content="IE=edge">    <meta name="viewport" content="width=device-width, initial-scale=1">    <meta name="robots" content="noindex">        <meta name="description" content="SSRN JEL Code: E47">        <meta name="keywords" content="SSRN, JEL Code: E47">        <link rel="search"              type="application/opensearchdescription+xml"  href="https://privpapers.ssrn.com/sol3/opensearchdescription.xml"              title="SSRN" />    <script src="https://ajax.googleapis.com/ajax/libs/jquery/1.12.4/jquery.min.js"></script></head>    <body class="new-layout"><div id="genericToastr" class="generic-toastr"><div class="toastr-icon"><i id="toastrIcon"></i></div><div id="toastrMessage" class="toastr-mesage"></div><div class="toastr-close"><i class="icon icon-gizmo-delete" onclick="closeToastr()"></i></div><div class="toastr-link"><a id="toastrLink" href="#"></a></div></div>    <script language="javascript">//Language functionsfunction changeLanguage1(language, response){$.ajax({url: '/AltLanguage_ajax.cfm?type=changeLanguage&partid=1&strCode=en',cache: false,success: function(data) {// Update values in cookiesSet_Cookie('SITEID',language,'-1','/','.ssrn.com','');Set_Cookie('SITEID',language,'1000','/','.ssrn.com','');// Finally, perform redirectionif (response == 'reload') {window.location.reload();}else {window.location.href=response;}}});}function Set_Cookie( name, value, expires, path, domain, secure ) {// set time, its in millisecondsvar today = new Date();today.setTime( today.getTime() );/*if the expires variable is set, make the correctexpires time, the current script below will setit for x number of days, to make it for hours,delete * 24, for minutes, delete * 60 * 24*/if ( expires ) {expires = expires * 1000 * 60 * 60 * 24;}var expires_date = new Date( today.getTime() + (expires) );document.cookie = name + "=" +escape( value ) +( ( expires ) ? 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class="box-container"><header><form name="searchForm" id="searchForm" action="?form_name=Jel&code=E47&lim=false" method="post">    <h1 class="section-title">    <div>Search Results</div>    <span>JEL Code: E47</span></h1>            <div class="organization-header">
            <div class="info">
                
                                
                
                    <strong>   144,678 </strong>Total downloads
                                
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                                                                                            <span>Posted: 28 May 2008</span>                                                                                                                    <span>Last Revised: 02 Nov 2008</span>                                                                        </div>                                                                                            <div class="afiliations">                                    Working Paper Series                                    </div>                                                                                                                                                                    <div class="authors-list">                                    <a href="https://privpapers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=145648" target="_blank">Ignacio Velez-Pareja</a>                                    </div>                        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                                    class="title optClickTitle" href="https://privpapers.ssrn.com/sol3/papers.cfm?abstract_id=1632084">Leveraged Buyout Bankruptcies, the Problem of Hindsight Bias, and the Credit Default Swap Solution</a>                                </span>                                </h3>                                                                                                                                <div><i>Columbia Business Law Review, Vol. 2011, No. 1, p. 118, 2011, Seton Hall Public Law Research Paper No. 1632084</i>                                    </div>                                                                    <div class="note note-list">                                                                                <span>Number of pages: 104</span>                                                                                                                    <span>Posted: 17 Jul 2010</span>                        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optClickTitle" href="https://privpapers.ssrn.com/sol3/papers.cfm?abstract_id=966270">The Integrated Impact of Credit and Interest Rate Risk on Banks: An Economic Value and Capital Adequacy Perspective</a>                                </span>                                </h3>                                                                                                                                <div><i>Bank of England Working Paper No. 339</i>                                    </div>                                                                    <div class="note note-list">                                                                                <span>Number of pages: 40</span>                                                                                                                    <span>Posted: 02 Mar 2007</span>                                                                                                            </div>              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Circularity</span></a></h3><div class="reference">The IUP Journal of Accounting Research & Audit Practices, Vol. X, No. 1, 2011</div><div class="note note-list"><span>Number of pages: 34</span><span tabindex="0">Posted: 21 Nov 2007</span><span>Last Revised: 23 May 2012</span></div></div><div class="downloads"><span>Downloads</span><span> 2,545</span></div></div><div class="trow"><div class="actions"><a title="No PDF file" href="javascript:void(0);" role="button" class="tooltip-icon-a"><i class="icn icn-noabstract" aria-hidden="true"></i></a></div><div class="description"><h3><a class="title optClickTitle" href="https://privpapers.ssrn.com/sol3/papers.cfm?abstract_id=1786192" tabindex="0"><span>Forecasting Financial Statements with No Plugs and No Circularity</span></a></h3><div class="reference">The IUP Journal of Accounting Research & Audit Practices, Vol. X, No. 1, pp. 38-68, January 2011</div><div class="note note-list"><span tabindex="0">Posted: 16 Mar 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A Framework for Stability and Decision Making in Blockchain-Based Organizations</a>                                </span>                                </h3>                                                                                                                                <div><i>in: Regulating Blockchain. Techno-Social and Legal Challenges, edited by Philipp Hacker, Ioannis Lianos, Georgios Dimitropoulos, and Stefan Eich, Oxford University Press, 2019, pp. 140-166</i>                                    </div>                                                                    <div class="note note-list">                                                                                <span>Number of pages: 37</span>                                                                                                                    <span>Posted: 17 Jul 2017</span>                                                                                                                    <span>Last Revised: 14 Sep 2019</span>                                                                        </div>                                                                                            <div class="afiliations">                                    Accepted Paper Series                                    </div>                                                                                                                                                                    <div class="authors-list">                                    <a href="https://privpapers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=2368965" target="_blank">Philipp Hacker</a>                                    </div>                                    <div class="afiliations">                                    European University Viadrina Frankfurt (Oder) - European New School of Digital Studies                                    </div>                                                                                                                                                                                                                        <div class="keywords">                                                                                                                                                    </div>                                                        </div>                                                                                    <div class="downloads">                                                                <span>Downloads</span>                                <span> 1,758</span>                                                        </div>                            </div>                                                                                                                                                                                                                                                                                                                            <div class="trow abs abs_3141050" id="div_3141050">                        <div class="actions">                            11.                                                                                                    <i class="icn icn-free"></i>                                                                                         </div>                            <div class="description">                                                                                                                        <h3>                                    <span><a                                            class="title optClickTitle" href="https://privpapers.ssrn.com/sol3/papers.cfm?abstract_id=3141050">Are Bitcoin Bubbles Predictable? 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                                                                                       <span>Posted: 19 Aug 2009</span>                                                                                                                    <span>Last Revised: 24 Jun 2012</span>                                                                        </div>                                                                                            <div class="afiliations">                                    Accepted Paper Series                                    </div>                                                                                                                                                                    <div class="authors-list">                                    <a href="https://privpapers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=145648" target="_blank">Ignacio Velez-Pareja</a>                                    </div>                            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href="https://privpapers.ssrn.com/sol3/papers.cfm?abstract_id=1202142">To Plug or Not to Plug, That is the Question: No Plugs, No Circularity: A Better Way to Forecast Financial Statements (Proyección de Estados Financieros sin Cuentas de Cuadre (Plugs))</a>                                </span>                                </h3>                                                                                                                                <div><i>Escritos Contables, Vol 1, No. 1, 2010, Bahía Blanca, Argentina</i>                                    </div>                                                                    <div class="note note-list">                                                                                <span>Number of pages: 43</span>                                                                                                                    <span>Posted: 07 Aug 2008</span>                                                                                                                    <span>Last Revised: 24 Jun 2012</span>                                                                        </div>                                                                                            <div class="afiliations">                                    Accepted Paper Series                                    </div>                                                                                                                                                                    <div class="authors-list">                                    <a href="https://privpapers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=145648" target="_blank">Ignacio Velez-Pareja</a>                                    </div>                                    <div class="afiliations">                                    Grupo Consultor CAV Capital Advisory & Valuation                                    </div>           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Merton</a>                                    </div>                                    <div class="afiliations">                                    Massachusetts Institute of Technology (MIT), Massachusetts Institute of Technology (MIT) - Sloan School of Management and Massachusetts Institute of Technology (MIT) - Sloan School of Management                                    </div>                                                                                                                                                                                    <p><a class="btn-link versions-btn" tabindex="0" role="button" aria-label="Open tooltip with 2 versions of this paper" ><img src="https://privstatic.ssrn.com/cfincludes/img/icons/icon-small-multipleversion.png" alt="Multiple version icon">There are <span>2</span> versions of this paper</a></p><div class="tooltip bottom-left versions-tooltip" role="tooltip" id="versions-tooltip"><i class="icon-gizmo-delete 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Editorial EAFIT, 2012</div><div class="note note-list"><span>Number of pages: 33</span><span tabindex="0">Posted: 02 Feb 2012</span><span>Last Revised: 17 Sep 2012</span></div></div><div class="downloads"><span>Downloads</span><span>  882</span></div></div></div></div></div></div>                                    <div class="keywords">                                                                                                                                                    </div>                                                        </div>                                                                                    <div class="downloads">                                                                <span>Downloads</span>                                <span> 1,027</span>                                                        </div>                            </div>                                                                      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                                        <span>Number of pages: 37</span>                                                                                                                    <span>Posted: 23 Feb 2010</span>                                                                                                                    <span>Last Revised: 19 Apr 2015</span>                                                                        </div>                                                                                            <div class="afiliations">                                    Working Paper Series                                    </div>                                                                                                                                                                    <div class="authors-list">                                    <a href="https://privpapers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=145648" 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Velez-Pareja & J. Tham, TOPICOS EN VALORACIÓN DE ACTIVOS NO FINANCIEROS, Fondo Editorial EAFIT, 2012</div><div class="note note-list"><span>Number of pages: 43</span><span tabindex="0">Posted: 02 Feb 2012</span><span>Last Revised: 12 Mar 2012</span></div></div><div class="downloads"><span>Downloads</span><span> 1,074</span></div></div><div class="trow"><div class="actions"><a title="Free paper" href="javascript:void(0);" role="button" class="tooltip-icon-a"><i class="icn icn-free" aria-hidden="true"></i></a></div><div class="description"><h3><a class="title optClickTitle" href="https://privpapers.ssrn.com/sol3/papers.cfm?abstract_id=1557845" tabindex="0"><span>Estimating Cash Flows for Project Appraisal and Firm Valuation</span></a></h3><div class="note note-list"><span>Number of pages: 37</span><span tabindex="0">Posted: 23 Feb 2010</span><span>Last Revised: 19 Apr 2015</span></div></div><div class="downloads"><span>Downloads</span><span>  999</span></div></div></div></div></div></div>                                    <div class="keywords">                                                                                                                                                    </div>                                                        </div>                                                                                    <div class="downloads">                                                                <span>Downloads</span>                                <span>  999</span>                                                        </div>                            </div>                                                                                                                                                                                                                                                                <div class="trow abs abs_1386" id="div_1386">                        <div class="actions">                            29.                                                                                                    <i class="icn icn-free"></i>                                                                                         </div>                            <div class="description">                                                                                                                        <h3>                                    <span><a                                            class="title optClickTitle" href="https://privpapers.ssrn.com/sol3/papers.cfm?abstract_id=1386">The Comparative Forecast Performance of Univariate and Multivariate Models</a>                                </span>                                </h3>                                                                                                                            <div class="note note-list">                                                                                <span>Number of pages: 24</span>                                                                                                                    <span>Posted: 16 Dec 1996</span>                                                                                                            </div>                                                                                            <div class="afiliations">                                    Working Paper Series                                    </div>                                                                                                                                                                    <div class="authors-list">                                    <a href="https://privpapers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=2077" target="_blank">Prasad V. 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Gary Anderson Graduate School of Management                                    </div>                                                                                                                                                                                                                        <div class="keywords">                                                                                                                                                    </div>                                                        </div>                                                                                    <div class="downloads">                                                                <span>Downloads</span>                                <span>  681</span>                                                        </div>                            </div>                                                                                                                                                                                                                                                                <div class="trow abs abs_1701696" id="div_1701696">                        <div class="actions">                            38.                                                                                                    <i class="icn icn-free"></i>                                                                                         </div>                            <div class="description">                                                                                                                        <h3>                                    <span><a                                            class="title optClickTitle" href="https://privpapers.ssrn.com/sol3/papers.cfm?abstract_id=1701696">Simple Robust Hedging with Nearby Contracts</a>                                </span>                                </h3>                                                                                                                            <div class="note note-list">                                                                                <span>Number of pages: 54</span>                                                                                                                    <span>Posted: 02 Nov 2010</span>                                                                                                            </div>                                                                                            <div class="afiliations">                                    Working Paper Series                                    </div>                                                                                                                                                                    <div class="authors-list">                                    <a href="https://privpapers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=381854" target="_blank">Liuren Wu</a> and <a href="https://privpapers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=1091950" target="_blank">Jingyi Zhu</a>                                    </div>                                    <div class="afiliations">                                    City University of New York, CUNY Baruch College - 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