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Dutch Abstract: Schuldeisers en aandeelhouders hebben een verschillende aanspraak op het vermogen van de vennootschap. Schuldeisers hebben als eerste recht op uitbetaling uit het vermogen. En hun aanspraak - en bij faillissement hun verlies - bedraagt maximaal het bedrag van hun vordering....
Persistent link: https://www.econbiz.de/10013006706
The 1994 Northridge earthquake sent ripples to insurance conpanies everywhere. This was one in a series of natural disasters such as Hurricane Andrew which together with the problems in Lloyd's of London have insurance companies running for cover. This paper presents a calibration of the U.S....
Persistent link: https://www.econbiz.de/10005827500
In this paper the relationship between stock prices and house prices is analysed for six countries over the years 1976-2001. We find that both asset prices show a positive long-term relationship, which can partly be explained by common macro-economic factors such as credit, consumption and...
Persistent link: https://www.econbiz.de/10005101928