Academic journal article Financial Services Review

From the Editor

Academic journal article Financial Services Review

From the Editor

Article excerpt

The lead article in this volume is by Robert Dubil of the University of Utah. Professor Dubil examines the opportunities that economic derivatives now present to individuals in numerous contexts. Academic research into these phenomena, however, is lagging behind the rapid pace of marketplace innovation. Professor Dubil organizes the subject into three areas of inquiry: derivatives as substitutes for traditional products, the viability of markets for derivatives, and modeling difficulties in pricing underlying events that cannot be hedged. I encourage the readers of Financial Services Review to consider these areas as they represent exciting research opportunities in individual financial management.

The second article is by David Glazer of George Washington University. Dr. Glazer analyzes the impact of life insurance agent commissions on customer value. He finds that commission negotiation can enhance client value, but the result is not always predictable. This paper offers an interesting look into the cost-benefit tradeoffs in financial services agent compensation. As individuals continue to own more financial decision making, such research becomes more critical. I recommend that researchers devote continued efforts to analyzing the contracting issues in financial services.

The third article is by John Teall of Pace University. Professor Teall provides a study of power index models and highlights their utility in several contexts related to business valuation. This clever paper illustrates how Financial Services Review can showcase research that has implications in several domains, including estate planning. Research spanning the functional domains of personal financial planning is very welcome in our journal.

The fourth article is by Lewis Mandell of the University at Buffalo and Linda Schmid Klein of the University of Connecticut. …

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