Showing 1 - 10 of 93
The determinants of default risk of banks in emerging economies have so far received inadequate attention in the … to be stable in containing bad debts, as they have better risk management procedures and technology, which definitely …
Persistent link: https://www.econbiz.de/10011263002
and so decisions about risk, reward and the evaluation of success can become systematically compromised because the …
Persistent link: https://www.econbiz.de/10005083355
In the past decades, risk management in the financial community has been dominated by data-intensive statistical … methods which rely on short historical time series to estimate future risk. Many observers consider this approach as a … least in principle. The authors suggest that the concept of Bayesian risk management may efficiently mobilize the knowledge …
Persistent link: https://www.econbiz.de/10010956151
This heterogeneous interacting agents model of a financial market is a generalization of the model proposed by Westerhoff (The Use of Agent-Based Financial Market Models to Test the Effectiveness of Regulatory Policies) by traders who are allowed to have different investment horizons as...
Persistent link: https://www.econbiz.de/10008561116
Using an agency framework, this paper examines advantages of offering venture capitalists a choice between public equity and loan schemes. Both schemes can be used to promote venture capital investments in hightechnology enterprises since they encourage inexperienced venture capitalists to...
Persistent link: https://www.econbiz.de/10005755149
This paper analyses the impact of public equity schemes on venture capitalistÂ’s incentives to finance start-up enterprises and to support the management teams. In a double-sided moral hazard model, it is shown that experienced venture capitalists, who have already financed start-up...
Persistent link: https://www.econbiz.de/10005755248
-up enterprises if he has sufficient expertise to make high-risk investments in new technology profitable in terms of their expected …
Persistent link: https://www.econbiz.de/10005700500
In the discussion about the structure and evolution of financial systems, the US separated and the German universal banking system are commonly considered as antipodes. This paper shows that the differences in the role of banks in these two economies are less pronounced than the conventional...
Persistent link: https://www.econbiz.de/10009276345
This paper compares the depth of the Recent Crisis and the Great Depression. We use a new data set to compare the drop in activity in the industrialized countries for seven activity indicators. This is done under the assumption that the Recent Crisis leveled off in mid-2009 for production and...
Persistent link: https://www.econbiz.de/10008615592
Using dynamic panel estimations, this paper identifies driving forces of venture capital activity for Western European countries. Driving forces might be the liquidity of stock markets, human capital endowment, and labour market rigidities. The paper shows that these factors do not affect...
Persistent link: https://www.econbiz.de/10005755204