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Measuring Alpha in the Fund Management Industry: Do Female Managers Perform Better?
Babalos, Vassilis; Caporale, Guglielmo Maria; … - 2013
This paper examines the performance of 358 European diversified equity mutual funds controlling for gender differences …. Fund performance is evaluated against funds' designated market indices and representative style portfolios. Consistently … with previous studies, no significant differences in performance and risk are found between female and male managed funds …
Persistent link: https://www.econbiz.de/10010317013
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Why do foreign banks withdraw from other countries? A panel data analysis
Hryckiewicz, Aneta; Kowalewski, Oskar - 2010
problems in the home country, with a lesser factor being the weak performance of the foreign subsidiary. …
Persistent link: https://www.econbiz.de/10010270480
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Carbon Default Swap - Disentangling the Exposure to Carbon Risk through CDS
Blasberg, Alexander; Kiesel, Rüdiger; Taschini, Luca - 2022
Using Credit Default Swap spreads, we construct a forward-looking, market-implied carbon risk factor and show that carbon risk affects firms' credit spread. The effect is larger for European than North American firms and varies substantially across industries, suggesting the market recognises...
Persistent link: https://www.econbiz.de/10013470275
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Carbon Default Swap - Disentangling the Exposure to Carbon Risk Through CDS
Blasberg, Alexander; Kiesel, Ruediger; Taschini, Luca - 2022
Using Credit Default Swap spreads, we construct a forward-looking, market-implied carbon risk factor and show that carbon risk affects firms’ credit spread. The effect is larger for European than North American firms and varies substantially across industries, suggesting the market recognises...
Persistent link: https://www.econbiz.de/10014243102
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How Do Banks and Households Manage Interest Rate Risk? Evidence from the Swiss Mortgage Market
Basten, Christoph; Guin, Benjamin; Koch, Cathérine Tahmee - 2017
We exploit a unique data set that features both un-intermediated mortgage requests and independent offers from multiple banks for each request. We show that households typically are not prudent risk managers but prioritize the minimization of current mortgage payments over the risk of possible...
Persistent link: https://www.econbiz.de/10011744955
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Foreign Currency Loans and Credit Risk: Evidence from U.S. Banks
Niepmann, Friederike; Schmidt-Eisenlohr, Tim - 2017
When firms borrow in foreign currency but collect revenues in local currency, exchange rate changes can affect their ability to repay their debt. Using loan-level data from U.S. banks’ regulatory filings, this paper studies the effect of exchange rate changes on firms’ loan payments. A 10...
Persistent link: https://www.econbiz.de/10011777565
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The Loan Puzzle. A Study of Loans to Different Groups in the USA
Cafiso, Gianluca - 2020
We study loans from banking and non-banking lenders to different groups of borrowers in order to unveil significant differences on how those respond to a shock and evaluate possible alternative explanations for such differences. The objective is to gain insights useful to explain the loan...
Persistent link: https://www.econbiz.de/10012838236
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The Contribution of Loans to Economic Activity
Cafiso, Gianluca - 2020
We study the contribution of loans, granted to different borrower groups, to economic activity in the USA over the period 1971q1-2018q4. Significant economic recessions occurred along the period considered, we center our discussion around the recent Global Financial Crisis. Results are delivered...
Persistent link: https://www.econbiz.de/10012823053
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Cultural Stereotypes of Multinational Banks
Eichengreen, Barry; Saka, Orkun - 2022
Using hand-collected data spanning more than a decade on European banks' sovereign debt portfolios, we show that the trust of residents of a bank's countries of operation in the residents of a potential target country of investment has a positive, statistically significant, and economically...
Persistent link: https://www.econbiz.de/10014290033
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Cultural Stereotypes of Multinational Banks
Eichengreen, Barry; Saka, Orkun - 2022
Using hand-collected data spanning more than a decade on European banks’ sovereign debt portfolios, we show that the trust of residents of a bank’s countries of operation in the residents of a potential target country of investment has a positive, statistically significant, and economically...
Persistent link: https://www.econbiz.de/10014240868