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Property Derivatives and Index-Linked Mortgages

Syz, Juerg; Vanini, Paolo; Salvi, Marco - Institut für Schweizerisches Bankwesen <Zürich> - 2006

Economists have forcefully argued for the introduction and use of property derivatives as a hedge against house price risk (e.g. Shiller and Weiss, 1999). The rationale for these ﬁnancial instruments seems clear, as many households are heavily invested in housing and standard ﬁnancial...

Persistent link: https://www.econbiz.de/10005858211

The Price of Protection : Derivatives, Default Risk, and Margining

Gibson, Rajna; Murawski, Carsten - Institut für Schweizerisches Bankwesen <Zürich> - 2007

Like many financial contracts, derivatives are subject to default risk. A very popular mechanism in derivatives markets to mitigate the risk of non-performance on contracts is margining. By attaching collateral to a contract, margining supposedly reduces default risk. The broader impacts of the...

Persistent link: https://www.econbiz.de/10005858762

Trade credit, collateral liquidation and borrowing constraints

Fabbri, Daniela; Menichini, Anna Maria C. - Institut für Schweizerisches Bankwesen <Zürich> - 2007

The paper investigates the determinants of trade credit and its interactions with borrowing constraints and the input combination of the firm, within an incomplete contract setting in which firms use a two-input technology and collateralised credit contracts. Assuming that the supplier is better...

Persistent link: https://www.econbiz.de/10005858766

The Compliance Process of Food Quality Standards on Primary Producer Level:A Case Study of the EUREPGAP Standard in the Moroccan Tomato Sector

Chemnitz, Christine - Universität <Berlin, Humboldt-Universität> / … - 2007

Fruit and vegetable sectors are principally seen as sectors where small producers are able to participate due to their low demand on land and their high labor requirements. However, the concerns exists that small producers' participation in the international fruit and vegetable trade could be...

Persistent link: https://www.econbiz.de/10009302570

Optimal Securitization with Heterogeneous Investors

Malamud, Semyon; Rui, Huaxia; Whinston, Andrew B. - Swiss National Centre of Competence in Research North … - 2010

We solve the problem of optimal securitization for an issuer facing heterogeneous investorswith arbitrary time and risk preferences. We show that the optimal securitizationis characterized by multiple nonlinear tranches, and each investor gets a portfolio of thesetranches. In particular, when...

Persistent link: https://www.econbiz.de/10009305109

Turning a blind eye? Compliance to minimum wages and employment

Garnero, Andrea; Lucifora, Claudio - 2020

In this paper, we explore the relationship between non-compliance with bargained minimum wages and employment. We … firms choose their desired levels of employment and non-compliance. We show that when employers internalize the expected … costs of non-compliance, the effect of deviating from the bargained minimum wages on employment levels are modest, or null …

Persistent link: https://www.econbiz.de/10012294327

Organisation der Produktinnovation inMedienunternehmen –Eine Analyse des Forschungsstandes zur Ablauforganisation der Innovation von Online-Produkten

Köhler, Lutz - Institut für Wirtschaftsinformatik und Neue Medien … - 2003

Unternehmen erwirtschaften über die Absatzmärkte mit ihren Angeboten Umsätzeund Gewinne. Je besser dabei die Kundenwünsche durch die Unternehmenbedient werden, umso höher sind die Umsätze und Gewinne. Das Produkt- undProgrammmanagement ist also eine der wesentlichen Aufgaben der...

Persistent link: https://www.econbiz.de/10005868888

Revisiting the What, How and Why of Managerial Learning:Some New Evidence

Antonacopoulou, Elena - Manchester Business School - 2002

Learning theory in the context of organisations has come a long way in its efforts to encapsulate the cultural, political and social dimensions of learning (Cook & Yanow, 1993; Coopey, 1995; Easterby-Smith et al., 1999, 2000). However, learning as practiced by individuals still remains relatively little...

Persistent link: https://www.econbiz.de/10005869970

Economic Freedom, Human Rights, and the Returns toHuman Capital: An Evaluation of the SchultzHypothesis

King, Elizabeth M.; Montenegro, Claudio; Orazem, Peter F. - Iowa State University of Science and Technology <Ames, … - 2010

T.W. Schultz (1975) proposed that returns to human capital were highest in economicenvironments where technology, price or production shocks were common and managerial skillsto adapt resource allocations to those shocks were most in need. We hypothesize that variationin returns to human capital...

Persistent link: https://www.econbiz.de/10009305073

Quick job entry or long-term human capital development? The dynamic effects of alternative training schemes

Osikominu, Aderonke - 2012

This paper investigates how precisely short-term, job-search oriented training programs as opposed to long-term, human capital intensive training programs work. We evaluate and compare their effects on time until job entry, stability of employment, and earnings. Further, we examine the...

Persistent link: https://www.econbiz.de/10010316834