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This study analyses how liquidity risk affects bonds' yield spreads after controlling for credit risk, bond … LOT decreases over time, implying that, nowadays liquidity risk is negligible for green bonds …
Persistent link: https://www.econbiz.de/10012921889
This study analyses how liquidity risk affects bonds' yield spreads after controlling for credit risk, bond … LOT decreases over time, implying that, nowadays liquidity risk is negligible for green bonds. …
Persistent link: https://www.econbiz.de/10011810163
Anlagekorb" handelt. Die Neigung, ein Portfolio mit allen Anlageformen zu halten, nimmt mit wachsender Scheu vor dem Risiko ab …
Persistent link: https://www.econbiz.de/10011601910
Financial theory creates a puzzle. Some authors argue that high-risk entrepreneurs choose debt contracts instead of … special attention to the role of risk for the choice of the financing method. Since risk is not directly observable we use … different indicators for financial and project risk. It turns out that our data generally confirms the hypothesis that the …
Persistent link: https://www.econbiz.de/10010260685
Financial theory creates a puzzle. Some authors argue that high-risk entrepreneurs choose debt contracts instead of … special attention to the role of risk for the choice of the financing method. Since risk is not directly observable we use … different indicators for financial and project risk. It turns out that our data generally confirms the hypothesis that the …
Persistent link: https://www.econbiz.de/10010298280
Persistent link: https://www.econbiz.de/10012006738
In the era of Basel II a powerful tool for bankruptcy prognosis is vital for banks. The tool must be precise but also easily adaptable to the bank's objections regarding the relation of false acceptances (Type I error) and false rejections (Type II error). We explore the suitability of Smooth...
Persistent link: https://www.econbiz.de/10012966259
government. The risk to taxpayers from this investment would be acceptable, however, once the banks are freed from toxic assets … addition, the risk of moral hazard is curtailed. The comparison of the proposed design with the bad bank plan of the German …
Persistent link: https://www.econbiz.de/10013156651
Since the European debt crisis economists and politicians discuss intensively the sovereign-bank nexus. The high activity in sovereign bond issuance required to mitigate the burden of the Covid19 crisis will rather intensify this debate than calm it down. Surprisingly, however, we still have...
Persistent link: https://www.econbiz.de/10013230887
Persistent link: https://www.econbiz.de/10008660931