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The development of commercial mortgage-backed securities in Australia

Chikolwa, Bwembya - 2007

classes backing the issues and transaction types, tightening spreads and record issuance volumes. The strong commercial real …

Persistent link: https://www.econbiz.de/10009483216

Development and structuring of commercial mortgage-backed securities in Australia

Chikolwa, Bwembya - 2008

of asset classes backing the issues and transaction types, tightening spreads, and record issuance volumes. High property … produce provide robust alternatives to rating LPT bonds, with no significant differences in results between the full models of … alternatives to rating LPT bonds, with no significant differences in results between the full models of the two methods …

Persistent link: https://www.econbiz.de/10009437644

Preferred Stock and the Debt-Equity Hybrid Puzzle: An Analysis Using Credit Ratings

Tse, Senyo (contributor); McAnally, Mary L. (contributor) - 2011

This study investigates the effect of preferred stock on the credit ratings assessed by professional credit analysts. Preferred stock inherently contains both features of debt and equity financing. Hence, the nature of preferred stock has presented a puzzle to the efforts of accounting...

Persistent link: https://www.econbiz.de/10009465160

Paskolos gavėjo kreditingumo įvertinimas

Aleknevičienė, Vilijatestas; Jatkūnaitė, Dalia - 2005

Bankai, išduodami paskolas juridiniams asmenims, jas apdraudžia. Tačiau tai yra tik vienas paskolos gavėjo kreditingumo įvertinimo proceso elementų. Norint sumažinti paskolų išdavimo riziką bei probleminių paskolų skaičių banko paskolų portfelyje, būtina atlikti išsamią...

Persistent link: https://www.econbiz.de/10009478970

ESSAYS ON FORCES UNDERLYING 2008 FINANCIAL CRISIS: CREDIT RATING AGENCIES AND INVESTOR SENTIMENT

Alp, Aysun - 2010

effects of rating downgrade announcements based on abnormal returns for stock and CDS spreads of competitor industry …

Persistent link: https://www.econbiz.de/10009450957

Bank credit rating dynamics

Ford, Guy; Sundmacher, Maike - Macquarie University; University of Western Sydney; … - 2007

An increase in the credit rating on an organisation?s debt is generally perceived positively, as higher credit ratings are, in the main, associated with lower perceived volatility in the market value of the assets of the entity that has issued the debt. If banks price their assets to realise a...

Persistent link: https://www.econbiz.de/10009481958

Economic capital, loan pricing and 'ratings arbitrage'

Sundmacher, Maike; Ellis, Craig - University of Western Sydney; University of Western Sydney; … - 2008

The role of economic capital has grown significantly in recent years. Although not a regulatory requirement, an increasing number of financial institutions use economic capital for such purposes as measuring and managing the performance of people, products, risk exposures, and to manage and...

Persistent link: https://www.econbiz.de/10009482154

Intergrating governance and risk-preference in banking insitutions

Ford, Guy; Sundmacher, Maike; Daly, Kevin James; … - Macquarie University; University of Western Sydney; … - 2005

All banks must hold capital equal to the minimum regulatory requirement. However, in many cases the level of regulatory capital diverges from the actual (economic) capital held by banks. A bank's actual capital is typically linked to a target credit rating, which is in turn determined by the...

Persistent link: https://www.econbiz.de/10009482211

The impact of economic capital on the optimal funding equation for a bank

Ford, Guy; Sundmacher, Maike - Macquarie University; University of Western Sydney; … - 2004

matched by the reduction in the cost of rated-debt, and compare our theoretically-derived results to actual credit spreads on …

Persistent link: https://www.econbiz.de/10009482237

The Equity Premium Puzzle and Duration of Equities and Bonds in South Africa

KHOZA, SITHEMBISO - 2011

premiums were calculated for different maturity bonds in order to isolate the impact of duration on the risk premium. Long … bonds which have longer duration than t-bills were found not offer such a large equity premium. It was found that a large …

Persistent link: https://www.econbiz.de/10009447505