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Non‐linearity in race and FHA mortgage lending: a neural network analysis

Vincent Eagam, J.; Subrahmanyam, Vijaya - In: Managerial Finance 26 (2000) 2, pp. 57-69

Explains the strengths and weaknesses of neural networks and uses them to analyse racial patterns in 1994 mortgage (conventional and FHA) data for the city of Atlanta (USA). Admits the difficulty of interpreting the results of neural network models but suggests that race does have an impact on...

Persistent link: https://www.econbiz.de/10014939487

Pricing of mortgage‐backed securities with option‐adjusted spread

Liu, Jian‐Guo; Xu, Eugene - In: Managerial Finance 24 (1998) 9/10, pp. 94-109

Notes the increasing importance of option‐adjusted spread analysis for pricing in the mortgage‐backed securities market and develops a partial differentiation equation method (PDE) for calculation, as an alternative to the Monte Carlo method. Discusses the mathematical theory involved and...

Persistent link: https://www.econbiz.de/10014940359

Pricing the competing risks of mortgage default and prepayment in stochastic metropolitan economies

Buist, Henry; Yang, Tyler T. - In: Managerial Finance 24 (1998) 9/10, pp. 110-128

Outlines previous research relevant to the risks involved in residential mortgages and suggests some reasons for the …

Persistent link: https://www.econbiz.de/10014940360

Decisive factors in company financial internationalization: an empirical study

Urionabarrenetxea, Sara; Castellanos, Arturo Rodríguez - In: Managerial Finance 36 (2010) January, pp. 22-43

PPurpose – This paper seeks to identify factors potentially conditioning firms’ financial internationalization. Companies often internationalize their financial areas as part of their larger internationalization strategy. In other words, such an initiative is associated with the...

Persistent link: https://www.econbiz.de/10009319853

Distortion in corporate valuation: implications of capital structure changes

Oded, Jacob; Michel, Allen; Feinstein, Steven P. - In: Managerial Finance 37 (2011) August, pp. 681-696

Purpose – The traditional discounted cash flows (DCF) valuation procedure used by financial analysts assumes that firms maintain a policy of fixed debt. However, empirical evidence suggests that many firms rebalance their debt. This paper seeks to explore the implication of this discrepancy...

Persistent link: https://www.econbiz.de/10009275360

Financial development and economic growth: evidence from the European Union

Halkos, George E.; Trigoni, Marianna K. - In: Managerial Finance 36 (2010) November, pp. 949-957

Purpose – The purpose of this paper is to detect the relationship between finance and growth in the European Union …-mentioned variables. According to the results, there seems to be a long-term relationship, between finance, growth and monetary policy. …

Persistent link: https://www.econbiz.de/10009275377

Abnormal stock returns, for the event firm and its rivals, following the event firm's large one-day stock price drop

Yu, Susana; Leistikow, Dean - In: Managerial Finance 37 (2011) February, pp. 151-172

Purpose – The purpose of this paper is to examine intra-industry contagion and the following apparent violations of the efficient market hypothesis around large one-day price decline events in individual stocks. Design/methodology/approach – The paper examines daily stock returns around...

Persistent link: https://www.econbiz.de/10009275424

Is there a period of listing effect or a post-listing performance puzzle?

Brown, William O. - In: Managerial Finance 39 (2013) January, pp. 4-27

Purpose – Barry and Brown find that returns are higher for securities that have been listed for shorter periods of time after controlling for firm size and a January effect. The purpose of this paper is to examine the robustness of this period of listing effect and test for a post-listing...

Persistent link: https://www.econbiz.de/10010611006

The parables, premium puzzles, and the CAPM

Lin, Hong-Jen; VanderLinden, David C. - In: Managerial Finance 32 (2006), pp. 792-801

Purpose –The purpose of this paper is to ascertain whether religions parables are relevant to finance. Design … practice and theory of finance. Moreover, several parables giving insight into investor reactions may help explain the premium … puzzles in asset pricing. Findings - Based on a thorough analysis, one can see that the parables contribute to finance …

Persistent link: https://www.econbiz.de/10010814852

Using instant messenger in the finance course

Michelson, Stuart; Smith, Stanley D. - In: Managerial Finance 34 (2008), pp. 131-138

Purpose -New technologies have provided new tools we may use as finance professors to communicate with our students … investigate the use of IM as a communication tool in finance courses. Design/methodology/approach - After reviewing the advantages …

Persistent link: https://www.econbiz.de/10010814881