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SPACs with focus on China
Shachmurove, Yochanan; Vulanovic, Milos - Volkswirtschaftliche Fakultät, … - 2014
for companies from China in period 2004-2011. We offer the evidence that, similarly to evidence from studies on reverse … mergers focusing on China, SPACs that focus on China are not different in their characteristics from other SPACs. We test for … the performance of the SPACs focused on China and show that their performance is not inferior to the performance of other …
Persistent link: https://www.econbiz.de/10011113827
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Strategies on initial public offering of company equity at stock exchanges in imperfect highly volatile global capital markets with induced nonlinearities
Ledenyov, Dimitri O.; Ledenyov, Viktor O. - Volkswirtschaftliche Fakultät, … - 2014
This research considers the strategies on the initial public offering of company equity at the stock exchanges in the imperfect highly volatile global capital markets with the nonlinearities. We provide the IPO definition and compare the initial listing requirements on the various markets. We...
Persistent link: https://www.econbiz.de/10011258000
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Do Economic Growth, Human Development and Political Stability favour sovereign Creditworthiness of a Country? A Cross Country Survey on Developed and Developing Countries
Bundala, Ntogwa - Volkswirtschaftliche Fakultät, … - 2012
One of the challenges face a country or firm when deciding to lend a foreign country or firm is how to appraise the creditworthiness of that firm or country? It is experienced and commonly use of credit ratings established by Credit Rating Agencies (Moody’s, Standard and Poor’s and Pitch) as...
Persistent link: https://www.econbiz.de/10011259511
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Regulatory capital determination and Its implications for internal ratings-based credit risk model development and validation
Cao, Honggao - Volkswirtschaftliche Fakultät, … - 2012
Focusing on the interconnections between the Basel regulatory capital formula and several well-specified statistical models, this working paper seeks to understand some of the important issues embedded in the Basel Accord. These include: Where does this formula come from? What risks does it try...
Persistent link: https://www.econbiz.de/10011260179
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The performance of commercial banks and the determinants of profitability: Evidence from Kosovo
Govori, Fadil - Volkswirtschaftliche Fakultät, … - 2013
Financial intermediaries perform indirect financing, and in this context, commercial banks are very important participants. They carry out the bulk of indirect financing transactions. On the other hand, the implementation mechanism of monetary policy is closely linked to the functioning of the...
Persistent link: https://www.econbiz.de/10011260910
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Theory of financial risk
Estrada, Fernando - Volkswirtschaftliche Fakultät, … - 2011
This paper examines relationships between theory of financial risk and size. Based on the work of Makridakis / Taleb [2009] and Taleb / Tapiero [2009], presents the problems of excessive risk and imbalances caused by the size of firms. Markets mixed on firm growth traps externalities can...
Persistent link: https://www.econbiz.de/10008871187
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Assessing the Financial Failure Using Z-Score and Current Ratio: A Case of Sugar Sector Listed Companies of Karachi Stock Exchange
Ijaz, Muhammad Shahzad; Hunjra, Ahmed Imran; Hameed, Zahid - Volkswirtschaftliche Fakultät, … - 2013
Since 1968, after the development of multivariate model, financial health of the corporate sector to predict their financial failure is heavily studied. Altman Z-Score is the most efficient model to judge the financial failure of the companies. This study uses Altman’s Z-Score and current...
Persistent link: https://www.econbiz.de/10011109770
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Systemic Liquidity Crisis with Dynamic Haircuts
Sever, Can - Volkswirtschaftliche Fakultät, … - 2014
In this paper, using network tools, I analyse systemic impacts of liquidity shocks in interbank market in case of endogenous haircuts. Gai, Haldane and Kapadia (2011) introduce a benchmark for liquidity crisis following haircut shocks, and Gorton and Metrick (2010) reveal the evidence from...
Persistent link: https://www.econbiz.de/10011111629
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Industry Shocks, Operating Risk, and Corporate Financial Policies around the World
Makaew, Tanakorn; Maksimovic, Vojislav - Volkswirtschaftliche Fakultät, … - 2013
Although developing economies are more volatile, firms in developed countries hold more cash and less debt. We show that despite greater aggregate and industry stability, the performance and balance sheets of individual firms in developed countries are more volatile. In developing countries,...
Persistent link: https://www.econbiz.de/10011113771
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Co-integration and Causality Analysis on Developed Asian Markets For Risk Management & Portfolio Selection
Herwany, Aldrin; Febrian, Erie - Volkswirtschaftliche Fakultät, … - 2008
Both practitioners and academicians demand a linkage model across financial markets, particularly among regional capital markets, for both risk management and portfolio selection purposes. Researchers frequently use co-integration and causality analysis in investigating the dependence or...
Persistent link: https://www.econbiz.de/10005619482