Showing 1 - 10 of 24
, which holds for small, medium and large firms alike. On the other hand, (ii) the impact of financial performance indicators …
Persistent link: https://www.econbiz.de/10013271002
We show that firms 'in danger' of being delisted from a stock market (NASDAQ) report higher performance …
Persistent link: https://www.econbiz.de/10011344396
Global value chain (GVC) participation has transformed many lines of business. The benefits it provides in terms of greater specialization and technology diffusion, however, do not spread identically across countries and industries. This paper shows that taking into account the functional...
Persistent link: https://www.econbiz.de/10012501110
This paper focuses on the comparison of financial performance of the Czech voluntary private pension scheme with five … allocation. -- Private pension schemes ; Czech voluntary pension scheme ; financial performance ; Sharpe ratio …
Persistent link: https://www.econbiz.de/10008904701
The goal of this research is to describe the application of data envelopment analysis (DEA) to the performance …. -- Quality adjusted DEA ; branch performance ; scale efficiency ; return to scale …
Persistent link: https://www.econbiz.de/10008655621
We examine the factors influencing published estimates of hedge fund performance. Using a sample of 1,019 intercept … characteristics and research design choices in the underlying studies. Estimates of current performance implied by best practice … management and performance fees charged by hedge funds. We also document how reported performance estimates vary with hedge fund …
Persistent link: https://www.econbiz.de/10014521048
Standard economics models require that financial incentives improve performance, while leading theories in psychology … differences in performance measurement, task definition, reward size and framing, motivation beyond money, subject pool, and …
Persistent link: https://www.econbiz.de/10013449451
Credit risk assessment is a crucial part of macroprudential analysis, with the aggregate nonperforming loan (NPL) ratio serving as a proxy for the economy-wide probability of default of the banking sector's overall loan exposure. Therefore, the factors driving the NPL ratio deserve a lot of...
Persistent link: https://www.econbiz.de/10010429944
This paper focuses on the key credit risk parameter Loss Given Default (LGD). We describe its general properties and determinants with respect to seniority of debt, characteristics of debtors or macroeconomic conditions. Further, we illustrate how the LGD can be extracted from market observable...
Persistent link: https://www.econbiz.de/10003790260
This article presents structural asset pricing model with stochastic interest rate and default barrier based on the evolution of the firm' Earning Before Interest and Taxes (EBIT). This framework is further enhanced by the game theory analysis which examines the negotiation between shareholders...
Persistent link: https://www.econbiz.de/10009560788