Narrow search
Showing 1 - 10 of 720
Cover Image
Banks versus venture capital when the venture capitalist values private benefits of control
Inci, Eren; Barlo, Mehmet - Volkswirtschaftliche Fakultät, … - 2010
who value private benefits more choose banks while the rest choose venture capital. Thus, bank-financed entrepreneurs …
Persistent link: https://www.econbiz.de/10008674267
Cover Image
Veryfication of the disclosure lemma for Polish broker-dealer market
Staszkiewicz, Piotr W. - Volkswirtschaftliche Fakultät, … - 2012
The paper presents the approach for the verification of the lemma used for the model for reputation risk for subsidiaries of non-public group with reciprocal shareholding as proposed by the author in priory works. For all entities with the absolute value of the reputation risk greater than the...
Persistent link: https://www.econbiz.de/10011260535
Cover Image
Financial Engineering and Engineering of Financial Regulation
Coskun, Yener - Volkswirtschaftliche Fakultät, … - 2011
As observed at least in last two decades, financial engineering has not only changed the way of doing business in finance world, but also has changed daily life of average citizens in the leading economies. Structured products named as weapons of mass destruction in some post-crisis comments....
Persistent link: https://www.econbiz.de/10009372629
Cover Image
The predictive accuracy of credit ratings: Measurement and statistical inference
Orth, Walter - Volkswirtschaftliche Fakultät, … - 2010
Credit ratings are ordinal predictions for the default risk of an obligor. To evaluate the accuracy of such predictions commonly used measures are the Accuracy Ratio or, equivalently, the Area under the ROC curve. The disadvantage of these measures is that they treat default as a binary variable...
Persistent link: https://www.econbiz.de/10009643208
Cover Image
Counterparty credit risk management in industrial corporates
Langkamp, Christian - Volkswirtschaftliche Fakultät, … - 2011
Ever since the financial crisis of the banking system of 2008 - 2010 the paradigm that deposits or other exposures towards major banks are safe has been fundamentally questioned. This put industrial corporates, who to support their business usually need to manage significant cash holdings or...
Persistent link: https://www.econbiz.de/10009353547
Cover Image
Küresel Kriz Dersleri Işığında Aracı Kurumlarda Finansal Dayanıklılığı Artıran Düzenlemelerin Gözden Geçirilmesi
Coskun, Yener - Volkswirtschaftliche Fakultät, … - 2010
However there are minumum self discipline regulations for securities firms, crisis has showed risk management standards must go beyond the minumum. There are two important deficiencies in turkish securities firms’ regulations of financial strength. The first is securities firms are using...
Persistent link: https://www.econbiz.de/10008742993
Cover Image
Analysis into IPO underpricing and clustering in Hong Kong equity market
Qiao, Yongyuan - Volkswirtschaftliche Fakultät, … - 2008
This paper focuses on the time series properties of the level of underpricing of IPO shares and volume of initial selling in Hong Kong equity market. Strong autocorrelation among the level of underpricing has been identified. Evidence suggests that the initial selling volume plays an important...
Persistent link: https://www.econbiz.de/10005789232
Cover Image
Exigences européennes et internationales concernant la prudence dans l’activitée bancaire
Troaca, Victor - Volkswirtschaftliche Fakultät, … - 2008
One of the fundamental principles of the bank activity is prudence. This principle manifest on one hand in substance of … the reglementations regarding bank activity at national, european and international level and, on the other hand, in … operational activity of each bank institution and, implicit in the actions of the competent authorities to supervise bank …
Persistent link: https://www.econbiz.de/10005836111
Cover Image
Debt-equity choice as a signal of profit profile over time
Miglo, Anton - Volkswirtschaftliche Fakultät, … - 2006
This paper analyzes debt-equity choice for financing a two-stage investment when a firm’s insiders have private information about the firm’s expected earnings. When private information is one-dimensional (for example when short-term earnings are common knowledge while long-term earnings are...
Persistent link: https://www.econbiz.de/10005836591
Cover Image
Nuevas Herramientas para la Administración del Riesgo Crediticio: El caso de una Cartera Crediticia Ecuatoriana
Maldonado, Diego; Pazmiño, Mariela - Volkswirtschaftliche Fakultät, … - 2008
In the present document it is exposed in an abstract way the models of credit portfolioes CreditMetricsTM, KMV, CreditRisk+, Credit Portfolio View in such a way that they could be calibrated and implemented in financial institutions where the quality and quantity of credit information is scanty,...
Persistent link: https://www.econbiz.de/10005103406