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Relation between lease finance and purchase
Mohajan, Haradhan - Volkswirtschaftliche Fakultät, … - 2012
This paper discusses the long-term financial lease contracts with lease evaluation. Here a comparatively simple and straightforward solution of neutralizing the risk of lease financing is explained. The lease is a contract between the owner and the user of assets for a certain period during...
Persistent link: https://www.econbiz.de/10011107538
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A detailed analysis of fulfilling and delinquency of payments on loan
Voloshyn, Ihor - Volkswirtschaftliche Fakultät, … - 2014
A new model for predicting the future expected cash flows from a loan is developed. It is based on a detailed analysis of the events of fulfilling, delinquency and default of each individual payment on the loan. The proposed model has significantly less uncertainty compared with the Markov chain...
Persistent link: https://www.econbiz.de/10011111290
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Systemic Value Added, Residual Income and Decomposition of a Cash Flow Stream
Magni, Carlo Alberto - Volkswirtschaftliche Fakultät, … - 2000
The problem of decomposing a cash flow has been treated in recent years by Gronchi (1986, 1987), Peccati (1987, 1991, 1992), Stewart (1991), Pressacco and Stucchi (1997). After showing that the Economic Value Added introduced by Stewart bears a strong resemblance to (and in some conditions...
Persistent link: https://www.econbiz.de/10005623516
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What Lies Beneath: Foreign Exchange Rate Exposure, Hedging and Cash Flows
Bartram, Söhnke M. - Volkswirtschaftliche Fakultät, … - 2007
This paper presents results from an in-depth analysis of the foreign exchange rate exposure of a large nonfinancial firm based on proprietary internal data including cash flows, derivatives and foreign currency debt, as well as external capital market data. While the operations of the...
Persistent link: https://www.econbiz.de/10005789336
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Private Investment and Cash Flow Relationship Revisited: Capital Market Imperfections and Financialization of Real Sectors in Emerging Markets
Demir, Firat - Volkswirtschaftliche Fakultät, … - 2007
Based on the Euler equation approach, the paper analyzes the impacts of availability of internal funds on fixed investment spending in the presence of multiple investment options. It is argued that after financial liberalization real sector firms face a portfolio allocation problem between fixed...
Persistent link: https://www.econbiz.de/10005789670
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The volatility of the European capital markets during the curent financial crisis:what are saying the empirical evidences?
Dima, Bogdan; Murgea, Aurora - Volkswirtschaftliche Fakultät, … - 2008
this paper is to find some evidences for the pre/ crisis periods actual shifting in volatility for some major European … markets. The methodology is based on two particular measures of volatility and in structural changes tests. The main output … consists in the thesis that “volatility matters” for an extended financial crisis explanation. …
Persistent link: https://www.econbiz.de/10005620079
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Impact of Economic Crisis on Innovation Behaviour of Industrial Firms In Russia
Kuznetsov, Boris - 2013
The paper focuses on empirical analysis of major factors that determine innovation activities of Russian manufacturing firms during the crisis. We presume that the crisis has ambiguous effects on firms' behaviour, on one hand limiting their financial capabilities to invest into new products...
Persistent link: https://www.econbiz.de/10013082604
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Criticism of the Black-Scholes Model: But Why Is It Still Used? (The Answer Is Simpler than the Formula).
Yalincak, Orhun Hakan - Volkswirtschaftliche Fakultät, … - 2005
The Black Scholes Model (BSM) is one of the most important concepts in modern financial theory both in terms of approach and applicability. The BSM is considered the standard model for valuing options; a model of price variation over time of financial instruments such as stocks that can, among...
Persistent link: https://www.econbiz.de/10011211858
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The Impact of Stock Market Structure on Volatility: Evidence from a Call Auction Suspension
Camilleri, Silvio John - Volkswirtschaftliche Fakultät, … - 2015
The purpose of this paper is to investigate the volatility impacts of the suspension of a call auction system by the … volatility on NSE is compared with that of the Bombay Stock Exchange using two volatility proxies: modulus of log returns and … scaled intra-day price difference. We also focus on conditional volatility by estimating an AGARCH model on seasonally …
Persistent link: https://www.econbiz.de/10011211859
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Stock Market Dynamics, Leveraged Network-Based Financial Accelerator and Monetary Policy
Riccetti, Luca; Russo, Alberto; Gallegati, Mauro - Volkswirtschaftliche Fakultät, … - 2015
of bankruptcies. In this framework, we find that stock market volatility may damage the real economy if the stock market … is too relevant. In particular, an increase of volatility worsens the economic performance through the stock market …
Persistent link: https://www.econbiz.de/10011253063