Showing 1 - 10 of 171
focuses on developing theoretical and empirical analysis framework to explain the fixed and performance fees, the performance … and the investor have respectively an impact on the periodic performance fees (carried interest) during the bargaining … legal, political and economic conditions explain their fees, performance and risk. …
Persistent link: https://www.econbiz.de/10011212048
This paper presents a theory for Islamic venture capital namely ‘Mudharabah’ contract under adverse selection problem. In order to avoid selecting a low type entrepreneur for a given good project, the framework defines the profit sharing ratio (PSR) as a screening device. We then develop a...
Persistent link: https://www.econbiz.de/10010707570
Persistent link: https://www.econbiz.de/10010707630
This paper presents a theory for Islamic venture capital namely ‘Mudharabah’ contract under adverse selection problem. In order to avoid selecting a low type entrepreneur for a given good project, the framework defines the profit sharing ratio (PSR) as a screening device. We then develop a...
Persistent link: https://www.econbiz.de/10011082462
derivatives written on a single bank name requires a joint analysis of the risks of all banks directly or indirectly …. It is necessary to analyze the contagion of losses among banks, especially the equilibrium of joint defaults and recovery …
Persistent link: https://www.econbiz.de/10011265539
This thesis contributes to the analysis and measure of systemic risk through four chapters. In the first chapter, we discuss the notion of systemic risk and detail the methodological issues of modeling. The second chapter proposes a structural model of solvency contagion. Within an equilibrium...
Persistent link: https://www.econbiz.de/10011265545
The post-crisis financial reforms address the need for systemic regulation, focused not only on individual banks but … also on the whole financial system. The regulator principal objective is to set banks' capital requirements equal to …-wide level. We test the adequacy of the model on a data set containing 19 banks of 5 major countries from 2005 to 2012. We …
Persistent link: https://www.econbiz.de/10010790026
time when banks are controlled more than ever before, it is surprising to see them being swamped with criticism about their … increase disclosure levels in order to improve the discipline that the regulators and the markets exert on the banks. …
Persistent link: https://www.econbiz.de/10010707624
Today, the main problem in financing economies is linked to liquidity problems of banks. The paradox is that the world …. Economic stimulus goes through this mobilisation of reserves accumulated over the past years. The goal of central banks was to … financing economies cannot indefinitely be placed on central banks and public funding. …
Persistent link: https://www.econbiz.de/10010708363
Les banques sont aujourd’hui au centre de nombreux débats et de multiples controverses. Les interrogations suscitées par ces institutions ne sont certes pas nouvelles, mais depuis la crise de 2008, elles concernent des acteurs économiques dont le métier n’est pas directement lié à...
Persistent link: https://www.econbiz.de/10011071976