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Private equity funds and hedge funds: a primer
Achleitner, Ann-Kristin; Kaserer, Christoph - 2005
impact on the economy as well as the financial system they operate in. Therefore, the question of a potential regulation of … for or against regulation, * look at the major links between the two asset classes, * look at the major differences that …
Persistent link: https://www.econbiz.de/10010305729
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Net asset value discounts in listed private equity funds
Lahr, Henry; Kaserer, Christoph - 2009
This paper investigates determinants and consequences of net asset value discounts in listed private equity funds. Listed private equity funds share characteristics of closed-end mutual funds and traditional unlisted private equity funds and can therefore offer insights into both. Our results...
Persistent link: https://www.econbiz.de/10010305728
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Performance of Initial Public Offerings : The Evidence for Switzerland
Drobetz, Wolfgang; Kammermann, Matthias; Waelchli, Urs - Institut für Schweizerisches Bankwesen <Zürich>; … - 2003
We examine the underpricing and long-term performance of a broad set ofSwiss IPOs from 1983 to 2000. The average market adjusted initial return is34.97%. Our results support the ex ante uncertainty hypothesis, the signal-ling hypothesis and, to some extent, the market cyclicality hypothesis...
Persistent link: https://www.econbiz.de/10005858709
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Performance of Initial Public Offerings : The Evidence for Switzerland
Drobetz, Wolfgang; Kammermann, Matthias; Wälchli, Urs - Wirtschaftswissenschaftliches Zentrum <Basel>
We examine the underpricing and long-term performance of a broad set ofSwiss IPOs from 1983 to 2000. The average market adjusted initial return is34.97%. Our results support the ex ante uncertainty hypothesis, the signallinghypothesis and, to some extent, the market cyclicality hypothesis...
Persistent link: https://www.econbiz.de/10005863001
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Why Ratings Matter: Evidence from Lehman’s IndexRating Rule Change
Chen, Zhihua; Lookman, Aziz A.; Schürhoff, Norman; … - Swiss National Centre of Competence in Research North … - 2010
This paper examines the role of bond ratings and the effects of rating-based regulations in thecorporate bond market. Exploiting an unanticipated mechanical change in how the benchmarkLehman bond indices are constructed in 2005, we show that rating-induced market segmentationof the bond market...
Persistent link: https://www.econbiz.de/10009248846
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Impact of Cartel Enforcement on Compliance in the Chemical Industry
De Stefano, Gianni; Stephan, Andreas - 2021
This paper undertakes a qualitative analysis of the relationship between EU cartel enforcement in the chemical industry in the period 1997-2010 and compliance measures announced in the Annual Reports of the undertakings involved. It goes on to focus on Akzo Nobel NV’s unique use of an internal...
Persistent link: https://www.econbiz.de/10013212928
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The natural instability of financial markets
Kregel, Jan - 2007
analyzing the stability induced by the recent changes in bank regulation to modernize financial services and the evolution of …
Persistent link: https://www.econbiz.de/10010266556
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Private equity entities and conglomerates: what are the differences?
Achleitner, Ann-Kristin; Müller, Kay - 2008
We compare the characteristics of conglomerates and private equity entities. This is done by examining the differences among their business models. We analyze the relations of the two entity types to their investors on the one hand and to their investments on the other hand. The distinguishing...
Persistent link: https://www.econbiz.de/10010305693
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Is reregulation of the financial system an oxymoron?
Kregel, Jan - 2010
lack of regulation but from a failure to fully implement existing regulations. At the same time, the crisis evolved in … stages (regulation and supervision, securitization, and a run on investment banks), each stage associated with a particular … employment, leaving the need for fundamental financial regulation in the background. …
Persistent link: https://www.econbiz.de/10010281731
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Is this the Minsky moment for reform of financial regulation?
Kregel, Jan - 2010
The current financial crisis has been characterized as a 'Minsky' moment, and as such provides the conditions required for a reregulation of the financial system similar to that of the New Deal banking reforms of the 1930s. However, Minsky's theory was not one that dealt in moments but rather in...
Persistent link: https://www.econbiz.de/10010281747