Showing 1 - 10 of 45
, firms in the two countries differ notably on issues such as the primary goal of hedging, their choice of instruments, and …
Persistent link: https://www.econbiz.de/10010986461
When a spot market monopolist participates in a derivatives market, she has an incentive to deviate from the spot market monopoly optimum to make her derivatives market position more profitable. When contracts can only be written contingent on the spot price, a risk-averse monopolist chooses to...
Persistent link: https://www.econbiz.de/10010958507
We study the returns the venture capital and private equity investment from 221 venture capital and private equity … the characteristics and structure of the investment. We show Heckman sample selection issues in regards to both unrealized … further compare the actual unrealized returns, as reported to investment managers, to the predicted unrealized returns based …
Persistent link: https://www.econbiz.de/10010986361
deal origination, a higher probability of syndication and a lower probability of potentially harmful co-investment, and … periodic cash flows prior to exit, which is in conjunction with an increased probability of investment in high-tech companies. …
Persistent link: https://www.econbiz.de/10010958559
larger and more mature firms, for firms with better investment opportunities, with higher leverage ratios, and with lower … levels of current cash flows. We also show that during the recent financial crisis especially firms with valuable investment …
Persistent link: https://www.econbiz.de/10010958706
deal origination, a higher probability of syndication and a lower probability of potentially harmful co-investment, and … periodic cash flows prior to exit, which is in conjunction with an increased probability of investment in high-tech companies. …
Persistent link: https://www.econbiz.de/10005120767
We examine the impact of so-called Crisis Contracts on bank managers' risktaking incentives and on the probability of banking crises. Under a Crisis Contract, managers are required to contribute a pre-specified share of their past earnings to finance public rescue funds when a crisis occurs....
Persistent link: https://www.econbiz.de/10010958513
We take a simple time-series approach to modeling and forecasting daily average temperature in U.S. cities, and we inquire systematically as to whether it may prove useful from the vantage point of participants in the weather derivatives market. The answer is, perhaps surprisingly, yes....
Persistent link: https://www.econbiz.de/10010958801
We take a simple time-series approach to modeling and forecasting daily average temperature in U.S. cities, and we inquire systematically as to whether it may prove useful from the vantage point of participants in the weather derivatives market. The answer is, perhaps surprisingly, yes....
Persistent link: https://www.econbiz.de/10005176448
This paper analyses the effects of the Initial Public Offering (IPO) market on real investment decisions in emerging … the financing of positive NPV projects which would not be undertaken otherwise. It is shown that the IPO market can … funds committed to the financing of high-tech industries may respond positively to optimistic stock market valuations. …
Persistent link: https://www.econbiz.de/10010958594