Showing 1 - 8 of 8
This paper analyzes influences on the credit standing of Multilateral Development Banks (MDBs), specifically the quality, diversification and single name concentration of their portfolios, and on the market practice known as Preferred Creditor Status (PCS), whereby sovereigns that default on...
Persistent link: https://www.econbiz.de/10011486485
We examine initial public offerings (IPOs) with single, multiple, and no credit ratings. We document a beneficial effect of credit ratings on IPO underpricing, which is amplified by the existence of multiple credit ratings. Multiple ratings also reduce the extent of filing price revisions....
Persistent link: https://www.econbiz.de/10011979253
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Relatively little is known about the effects of blue-collar crime (theft, robbery, vandalism or arson) on financial decisions. Previous literature has focused its attention either on 'regional' crime rates or the 'perception' of crime as business obstacles. Instead, we examine financing terms of...
Persistent link: https://www.econbiz.de/10012028574
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We document key patterns in the flow of significant gifts and loans between friends and family in Great Britain, using … newly-available data from the Wealth and Assets Survey. We identify a number of new stylised facts. Gifts and loans are … generally intergenerational transfers: 83% of the value of gifts and 68% of the value of loans is made by parents to their …
Persistent link: https://www.econbiz.de/10014372103
Understanding the drivers of wealth transfers during life is crucial to understanding the intergenerational transmission of inequality, the optimal design of social insurance, and the efficacy of expansionary fiscal policy. To shed light on this, we analyse the relationships between giving and...
Persistent link: https://www.econbiz.de/10014372112
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