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Why Do Financial Intermediaries Buy Put Options from Companies?
Gyoshev, Stanley; Kaplan, Todd R.; Szewczyk, Samuel; … - Volkswirtschaftliche Fakultät, … - 2012
In the 1990s, companies collected billions in premiums from peculiarly structured put options written on their own stock while almost all of these puts expired worthless. Buyers of these options, primarily �nancial intermediaries, lost money as a result. Although these losses might seem...
Persistent link: https://www.econbiz.de/10011260748
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Evolution of security transaction tax in India
Sinha, Pankaj; Mathur, Kritika - Volkswirtschaftliche Fakultät, … - 2012
Securities Transaction Taxes have received much attention over the last few years with countries and global organizations trying to control the level of speculations, especially since the Global Financial Crisis. This study examines the impact of an increase in the level of securities...
Persistent link: https://www.econbiz.de/10011107269
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Law and structure of the capital markets
Gu, Xian; Kowalewski, Oskar - Volkswirtschaftliche Fakultät, … - 2014
In this paper, we examine whether legal systems affect the structure of capital markets in terms of the development of bond markets versus equity markets. Using a dataset of 42 developed and developing countries, we document that a country's legal system, especially investor protections,...
Persistent link: https://www.econbiz.de/10011110744
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Corporate governance of banks: the current state of the debate.
Polo, Andrea - Volkswirtschaftliche Fakultät, … - 2007
Since banks are among the most important sources not only of finance but also of external governance for firms, the corporate governance of banks is a crucial factor for growth and development. Despite its importance, this topic has been explored only by a few studies. While some authors...
Persistent link: https://www.econbiz.de/10005836074
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دور بورصة النيل فى تنمية المشروعات الصغيرة والمتوسطة فى مصر
Alasrag, Hussien - Volkswirtschaftliche Fakultät, … - 2008
Small and medium-sized enterprises (SMEs) play a crucial role in the Egyptian economy, in term of their contribution to the GDP and total employment. Yet, their contribution in capital formation is very limited, mainly because of the finance constraints they face. Consequently, to improve the...
Persistent link: https://www.econbiz.de/10005616757
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Methods for Multicountry Studies of Coporate Governance: Evidence from the BRIKT Countries
Black, Bernard; Carvalho, Antonio Gledson De; Khanna, … - Volkswirtschaftliche Fakultät, … - 2014
We discuss empirical challenges in multicountry studies of the effect of firm-level corporate governance on firm value, focusing on emerging markets. We assess the severe data, “construct validity,” and endogeneity issues in these studies, propose methods to respond to those issues, and...
Persistent link: https://www.econbiz.de/10011112797
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El posible impacto de las reformas internacionales en América Latina y el Caribe
Heinrich, Gregor - Volkswirtschaftliche Fakultät, … - 2013
Text presented at the 19ª Asamblea Anual del Grupo Regional de América Latina y el Caribe (GRULAC), of the World Savings Banks Institute, La Habana, Cuba, 4-5 November 2013. It mentions some of the more recent international reform initiatives in particular those linked to the Basel Committee...
Persistent link: https://www.econbiz.de/10011257769
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Drivers of change or cut-throat competitors? Challenging Cultures of Innovation of Chinese and Nigerian migrant entrepreneurs in West Africa
Kohnert, Dirk - Volkswirtschaftliche Fakultät, … - 2010
a trading Diaspora in general vis-à-vis local entrepreneurs, regardless of the background national culture in which it …
Persistent link: https://www.econbiz.de/10008568371
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Licensing probabilistic Patents and Liability Rules: The Duopoly case
Vargas Barrenechea, Martin - Volkswirtschaftliche Fakultät, … - 2009
homogeneous good. One of the firms (patent holder) develops a cost reduction innovation (drastic or non-drastic) and got a patent … for this innovation. Under the shadow of probabilistic property rights, It is founded that licensing by using royalty rate … against UE, it is concluded that for drastic innovation the patentee and licensee are better off under LP. However social …
Persistent link: https://www.econbiz.de/10005034377
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The aftermarket pricing performance of initial public offers: Insights from India
Reddy, K. Srinivasa - Volkswirtschaftliche Fakultät, … - 2011
Purpose: The purpose of this paper is to examine the underpricing of initial public offers (IPOs), which were announced by Indian firms for the period 2007 through 2009. It is motivated by the fact that a well-developed capital market is a function of economic growth and a reflection of the...
Persistent link: https://www.econbiz.de/10011210490