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Trading risk and volatility in interest rate swap spreads
Kambhu, John (contributor) - 2004 - [Elektronische Ressource]
This paper examines how risk in trading activity can affect the volatility of asset prices. We look for this … swap spread tends to converge to a long-run level, although trading risk can sometimes cause the spread to diverge from … that level. -- convergence trading ; interest rate swaps ; swap spread ; repurchase contracts ; trading risk ; volatility …
Persistent link: https://www.econbiz.de/10001936329
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Modeling uncertainty : predictive accuracy as a proxy for predictive confidence
Rich, Robert W. (contributor); Tracy, Joseph S. (contributor) - 2003 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001751995
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Evaluating the riskiness of initial public offerings: 1980 - 2000
Peristiani, Stavros C. (contributor) - 2003 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001752009
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Idiosyncratic risk and volatility bounds, or can models with idiosyncratic risk solve the equity premium puzzle?
Lettau, Martin (contributor) - 2001 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001590071
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Venture capital, bank shareholding, and the certification of initial public offerings: evidence from the OTC market in Japan
Packer, Frank - Federal Reserve Bank of New York - 1994
Persistent link: https://www.econbiz.de/10005717181
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Institutional affiliation and the role of venture capital: evidence from initial public offerings in Japan
Hamao, Yasushi; Packer, Frank; Ritter, Jay R. - Federal Reserve Bank of New York - 1998
The presence of venture capital in the ownership structure of U.S. firms going public has been associated with both improved long-term performance and lower underpricing at the time of the IPOs. In Japan, we find the long-run performance of venture capital-backed IPOs to be no better than that...
Persistent link: https://www.econbiz.de/10005526278
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Vesting and control in venture capital contracts
Skeie, David R. - Federal Reserve Bank of New York - 2007
Vesting of equity payments to an entrepreneur, which is a form of time-contingent compensation, is very common in venture capital contracts. Empirical research suggests that vesting is used to help overcome asymmetric information and agency problems. We show in a theoretical model that vesting...
Persistent link: https://www.econbiz.de/10005420676
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Doing well by doing good? Community development venture capital
Kovner, Anna; Lerner, Josh - Federal Reserve Bank of New York - 2012
This paper examines the investments and performance of community development venture capital (CDVC). We find substantial differences between CDVC and traditional venture capital (VC) investments: CDVC investments are far more likely to be in nonmetropolitan regions and in regions with little...
Persistent link: https://www.econbiz.de/10010585872
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Institutional affiliation and the role of venture capital: evidence from initial public offerings in Japan
Hamao, Yasushi; Packer, Frank; Ritter, Jay - Federal Reserve Bank of New York - 1998
The presence of venture capital in the ownership structure of U.S. firms going public has been associated with both improved long-term performance and lower underpricing at the time of the IPOs. In Japan, we find the long-run performance of venture capital-backed IPOs to be no better than that...
Persistent link: https://www.econbiz.de/10005387287