Showing 1 - 10 of 97
the first-best situation, whereas the success of guarantee programs, ex ante grants and some types of investment grants …
Persistent link: https://www.econbiz.de/10010958733
the first-best situation, whereas the success of guarantee programs, ex ante grants and some types of investment grants …
Persistent link: https://www.econbiz.de/10005120780
Has economic research been helpful in dealing with the financial crises of the early 2000s? On the whole, the answer is negative, although there are bright spots. Economists have largely failed to predict both crises, largely because most of them were not analytically equipped to understand...
Persistent link: https://www.econbiz.de/10010958553
The paper provides a comprehensive overview of the gradual evolution of the supervisory policy adopted by the Basle Committee for the regulatory treatment of asset securitisation. We carefully highlight the pathology of the new securitisation framework to facilitate a general understanding of...
Persistent link: https://www.econbiz.de/10010986448
sword for universal banks. It helps to compete against specialized investment banks, but it can reduce the rent to be earned … in investment banking when universal banks compete against each other. We derive several empirical predictions regarding …
Persistent link: https://www.econbiz.de/10010958604
borderline between investment grade and junk. Finally, we are able to empirically exclude a large number of alternative …
Persistent link: https://www.econbiz.de/10010958748
The paper provides a comprehensive overview of the gradual evolution of the supervisory policy adopted by the Basle Committee for the regulatory treatment of asset securitisation. We carefully highlight the pathology of the new “securitisation framework” to facilitate a general understanding...
Persistent link: https://www.econbiz.de/10005022417
sword for universal banks. It helps to compete against specialized investment banks, but it can reduce the rent to be earned … in investment banking when universal banks compete against each other. We derive several empirical predictions regarding …
Persistent link: https://www.econbiz.de/10005176441
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
This paper proposes an intertemporal model of venture capital investment with screening and advising where the venture …
Persistent link: https://www.econbiz.de/10010986375