Showing 1 - 10 of 28
This paper discusses the long-term financial lease contracts with lease evaluation. Here a comparatively simple and straightforward solution of neutralizing the risk of lease financing is explained. The lease is a contract between the owner and the user of assets for a certain period during...
Persistent link: https://www.econbiz.de/10011107538
A new model for predicting the future expected cash flows from a loan is developed. It is based on a detailed analysis of the events of fulfilling, delinquency and default of each individual payment on the loan. The proposed model has significantly less uncertainty compared with the Markov chain...
Persistent link: https://www.econbiz.de/10011111290
The problem of decomposing a cash flow has been treated in recent years by Gronchi (1986, 1987), Peccati (1987, 1991, 1992), Stewart (1991), Pressacco and Stucchi (1997). After showing that the Economic Value Added introduced by Stewart bears a strong resemblance to (and in some conditions...
Persistent link: https://www.econbiz.de/10005623516
This paper presents results from an in-depth analysis of the foreign exchange rate exposure of a large nonfinancial firm based on proprietary internal data including cash flows, derivatives and foreign currency debt, as well as external capital market data. While the operations of the...
Persistent link: https://www.econbiz.de/10005789336
Based on the Euler equation approach, the paper analyzes the impacts of availability of internal funds on fixed investment spending in the presence of multiple investment options. It is argued that after financial liberalization real sector firms face a portfolio allocation problem between fixed...
Persistent link: https://www.econbiz.de/10005789670
The corporate bankruptcies legal frameworks and their economic implications are compared for two pairs of post-communist countries (Czech Republic and Slovakia and Croatia and Serbia) originating from common federative republics. Their process of gradual divergence from the common legal and...
Persistent link: https://www.econbiz.de/10011108279
Standard macroeconomic theory did not help foresee the crisis, nor has it helped understand it or craft solutions. This … the key questions about insolvency and illiquidity to be answered. They did not allow such questions to be asked. A new …
Persistent link: https://www.econbiz.de/10011111291
The correlation analysis was conducted on dynamic of GDP and company failure rate for Poland, Europe and USA for the period 2003-2011; it was found a negative correlation. An analysis was undertaken for the relation between the rate of corporate failure in Poland and the rate of change of overall...
Persistent link: https://www.econbiz.de/10011259056
the Indian banks' riskiness and the probability of book-value insolvency under the framework developed by Hannan and … (public & private sector), we determine the riskiness/probability of book value insolvency over the years and also carry out a … of book value insolvency of Indian Banks has reduced over years and the probability of book value insolvency is lower in …
Persistent link: https://www.econbiz.de/10005000009
The aim of this paper is to analyze the impact of the existence of mutual firms on the behavior of an insurance company and more precisely to study in which situations a private insurance firm may emerge in presence of an incumbent mutual firm. Our approach differs from the existing literature...
Persistent link: https://www.econbiz.de/10005668425