Showing 1 - 10 of 85
We study the effects of a bank’s engagement in trading. Traditional banking is relationship-based: not scalable, long … leads trading in banks to become increasingly risky, so that problems in managing and regulating trading in banks will …
Persistent link: https://www.econbiz.de/10011256147
Under Basel III rules, banks become subject to a liquidity coverage ratio (LCR) from 2015 onwards, to promote short …
Persistent link: https://www.econbiz.de/10011256455
Banks provide risky loans to firms which have superior information regarding the quality of their projects. Due to … asymmetric information the banks face the risk of adverse selection. Credit Value-at-Risk (CVaR) regulation counters the problem …
Persistent link: https://www.econbiz.de/10011257219
Some 2000 years ago, the average annual distance a person would normally travel, was approximately 500 km. The action radius of most people remained rather stable, but it rose gradually after the industrial revolution to some 1820 km (by car, bus, railway or aircraft) in the year 1960. Then, a...
Persistent link: https://www.econbiz.de/10011256031
See also the article in <I>Cities</I> (2013). Volume 30, pages 59-67.<P> This paper introduces a new measure to approach the accessibility of places in the frame of the digital economy. Information and Communication Technologies (ICTs) and the Internet are not equally spread around places and this...</p></i>
Persistent link: https://www.econbiz.de/10011257500
This paper discusses the value that data from mobile phone providers can bring into urban analysis. The novel argument is that the pervasiveness of mobile phone telephony has transformed mobile phones from a communications device to a tool for socio-spatial research. Put simply, mobile phone...
Persistent link: https://www.econbiz.de/10011257601
Baker (2002) has demonstrated theoretically that the quality of performance measures used in compensation contracts hinges on two characteristics: noise and distortion. These criteria, though, will only be useful in practice as long as the noise and distortion of a performance measure can be...
Persistent link: https://www.econbiz.de/10011256322
This study analyses 1400 research projects of the top 20 R&D-spending pharmaceuticals to identify the determinants of successful research projects. We provide clear evidence that externally sourced projects and projects involving biotechnologies perform better than internal projects and chemical...
Persistent link: https://www.econbiz.de/10011256608
This discussion paper resulted in a publication in the 'Journal of Economics and Management Strategy', forthcoming.<P> Distorted performance measures in compensation contracts elicit suboptimal behavioral responses that may even prove to be dysfunctional (gaming). This paper applies the empirical...</p>
Persistent link: https://www.econbiz.de/10011257274
We demonstrate the possibility of shake-out of firms and emergence of inter-firmheterogeneity along the (socially optimal) dynamic equilibrium path of a competitive industry with freeentry and exit, even when there is no uncertainty and all firms are ex ante identical with perfectforesight....
Persistent link: https://www.econbiz.de/10011255543