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The full insurance hypothesis states that shocks to the firm's performance do not affect workers' compensation. In … principal-agent models withmoral hazard, firms trade off insurance and incentives to induce workers to supply the optimal level … of insurance varies by type of worker and firm in ways that are consistent with principal-agent models but are hard to …
Persistent link: https://www.econbiz.de/10005113536
This paper is about how to evaluate credit and insurance programs like the Gramee Bank in Bangladesh; Accio, Prodem …
Persistent link: https://www.econbiz.de/10005640922
Theory suggests that people facing higher uninsurable background risk buy more insurance against other risks that are … insurance increases with earnings uncertainty. …
Persistent link: https://www.econbiz.de/10005671377
Persistent link: https://www.econbiz.de/10001386714
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The aim of the present work is to obtain short-term predictions of the monthly volume of the industrial production of the euro area. Preliminary information on the behaviour of this variable is needed, since the index is released with a lag of about two months. A model based on the US industrial...
Persistent link: https://www.econbiz.de/10005113663
Extreme value theory is concerned with the study of the asymptotical distribution of extreme events, that is to say events which are rare in frequency and huge with respect to the majority of observations. Statistical methods derived from this theory have been increasingly employed in finance,...
Persistent link: https://www.econbiz.de/10009193022
This paper studies the characteristics of the Italian nonfinancial firms using derivatives and the purpose of the derivatives use according to the most important literature in financial risk management. By using the Italian credit register and balance sheet data this study extends for the first...
Persistent link: https://www.econbiz.de/10011100366
In 2007 the new framework for capital adequacy of banks (Basel 2), defined in 2004 by the Basel Committee for Banking Supervision, will replace the 1988 Accord (Basel 1) in all major countries. In the last years the Committee has carried out several impact studies in order to simulate the...
Persistent link: https://www.econbiz.de/10005113685