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The effects of securitization for managing banking risk using alternative tranching schemes
Cadenas, Pedro; Gzyl, Henryk - In: Journal of risk and financial management : JRFM 15 (2022) 10, pp. 1-25
the cost of increasing systemic risk. Later, a follow-up study showed that a particular strategy of securitization with … tranches can help avoid this trade-off. We extend the theoretical work on securitization by considering all possible strategies … for securitization with two tranches, by finding their corresponding optimal diversification solutions, and by discussing …
Persistent link: https://www.econbiz.de/10013471496
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The nexus between social capital and bank risk taking
Xie, Wenjing; Ding, Haoyuan; Chong, Terence Tai-Leung - In: Journal of risk and financial management : JRFM 9 (2016) 3, pp. 1-19
This study explores social capital and its relevance to bank risk taking across countries. Our empirical results show that the levels of bank risk taking are lower in countries with higher levels of social capital, and that the impact of social capital is mainly reflected by the reduced value of...
Persistent link: https://www.econbiz.de/10011543159
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Central counterparties and liquidity provision in cash markets
Richter, Thomas - In: Journal of risk and financial management : JRFM 14 (2021) 12, pp. 1-26
This paper investigates increased liquidity provision by market makers resulting from their ability to reduce balance sheet encumbrance through the use of central counterparties (CCPs). The introduction of the Basel III leverage rule constitutes a shock to market makers’ balance sheets and...
Persistent link: https://www.econbiz.de/10012798918
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COVID 19 and bank profitability in low income countries : the case of Uganda
Katusiime, Lorna - In: Journal of risk and financial management : JRFM 14 (2021) 12, pp. 1-19
This study investigates the impact of the COVID-19 pandemic on banking sector profitability in Uganda for the period spanning Q1 2000 to Q1 2021, using the autoregressive distributed lag (ARDL Bound) testing approach to co-integration while controlling for bank specific and macroeconomic...
Persistent link: https://www.econbiz.de/10012799142
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Empirical evidence of a changing operating cost structure and its impact on banks' operating profit : the case of Germany
Diener, Florian - In: Journal of risk and financial management : JRFM 13 (2020) 10/247, pp. 1-20
The financial sector is undergoing extensive changes and challenges that affect the entire market and infrastructure of financial service providers. Technological development leads to increased digitalisation and allows new business models to emerge. With regard to the banking sector, it is...
Persistent link: https://www.econbiz.de/10012387131
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Month-end regularities in the overnight bank funding markets
Baig, Ahmed S.; Winters, Drew B. - In: Journal of risk and financial management : JRFM 14 (2021) 5, pp. 1-16
The money market rates in the United States exhibit various calendar patterns that are grounded in institutional and regulatory factors. In this paper, we document a new regularity in the overnight fed funds market. Specifically, we identify patterns of decreased volatility along with consistent...
Persistent link: https://www.econbiz.de/10012534508
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A focus on ethical value under the vision of leadership, teamwork, effective communication and productivity
Mercader, Víctor; Galván-Vela, Esthela; Ravina … - In: Journal of risk and financial management : JRFM 14 (2021) 11, pp. 1-32
, teamwork, effective communication, productivity, and performance is brought to the attention, in particular, due to its … performance, in the attempt to foster a creative and innovative business environment, based on a robust and sustainable business …
Persistent link: https://www.econbiz.de/10012795044
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Size of the company as the main determinant of talent management in Slovakia
Savov, Radovan; Lančarič, Drahoslav; Kozáková, Jana - In: Journal of risk and financial management : JRFM 13 (2020) 3/50, pp. 1-14
competitive advantage are human resources. Talent management is the process oriented to enrich higher the ability of employers to … size of the company. This paper compares how the size of the company influences the main phases of the talent management … talent development. In bigger companies, management is more focused on HR plans that include talent identification and …
Persistent link: https://www.econbiz.de/10012174120
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Causality between arbitrage and liquidity in platinum futures
Iwatsubo, Kentaro; Watkins, Clinton - In: Journal of risk and financial management : JRFM 15 (2022) 12, pp. 1-17
Arbitrage and liquidity are interrelated. Liquidity facilitates arbitrageurs’ trading on deviations from the law of one … price. However, whether arbitrage opportunity leads to an increase or decrease in liquidity depends on the cause of the … arbitrage and liquidity influence each other in the world’s largest platinum futures markets on exchanges in New York and Tokyo …
Persistent link: https://www.econbiz.de/10014284282
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The crowdfunding of altruism
Faust, Luisa; Kolbe, Maura; Mansouri, Sasan; Momtaz, Paul P. - In: Journal of risk and financial management : JRFM 15 (2022) 3, pp. 1-29
This paper introduces a machine learning approach to quantify altruism from the linguistic style of textual documents. We apply our method to a central question in (social) entrepreneurship: How does altruism impact entrepreneurial success? Specifically, we examine the effects of altruism on...
Persistent link: https://www.econbiz.de/10013165089