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Anlagestrategie Behavioral Finance : die Bedeutung verhaltensorientierter Anlagestrategien in der amerikanischen und deutschen Fondsindustrie
Jaunich, Arthur Oliver - 2008
comprehensively incorporate all available information, and that active asset management cannot sustainably generate positive excess …
Persistent link: https://www.econbiz.de/10009467430
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Risikoteilung zwischen Banken und Kapitalmarkt
Sidki, Marcus - 2006
Die Arbeit beschreibt Finanzinstrumente, die zur Übertragung von sowohl einzel- als auch gesamtwirtschaftlichen Bankenrisiken auf den Kapitalmarkt genutzt werden können. Neben den klassischen Einlagenversicherungssystemen werden die Konzepte des Narrow Banking, der Einlagenindexierung sowie...
Persistent link: https://www.econbiz.de/10009476161
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Risk Management in Banking : Credit Risk Management and Bank Closure Policies
Erlenmaier, Ulrich - 2001
This thesis contributes to the literature on risk management in banking by presentingthree theoretically oriented …
Persistent link: https://www.econbiz.de/10009476253
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AGENCY PROBLEMS IN CORPORATE FINANCE
Chakraborty, Indraneel - 2010
"Heterogeneity in Corporate Governance: Theory and Evidence", I propose that the amount of management autonomy in a firm is chosen as … variance attempt to reduce the information disadvantage they face by reducing autonomy of management. In addition, I find that … a hedge fund style compensation contract in which management fees, incentive fees and a high water mark (HWM) provision …
Persistent link: https://www.econbiz.de/10009439248
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Finance-growth nexus and effects of banking crisis
Musasiwa, Edmore T. - 2009
Many economists have observed that the financial system has a positive and monotoniceffect on economic growth. In this study we reaffirm the finance-growth nexus. We adopta three-tier approach for the study’s methodology using panel data of 66 countries from1986 to 2005. Firstly, we test for...
Persistent link: https://www.econbiz.de/10009447598
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Financial disintermediation
Wright, Kelly - 2011
This paper aims to make an empirical contribution to the discussion of the role of banks and to find out if banking is a declining industry. It takes into account that the role of banks is declining in the United States and the fact that the American economy usually sets the trend for the other...
Persistent link: https://www.econbiz.de/10009447748
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Risk premia in banking and the macroeconomy
Gersbach, Hans; Wenzelburger, Jan - 2004
This paper discusses the relationship between premia for macroeconomic risk in banking, aggregate behavior, and banking crises. We consider a competitive banking system embedded in an overlapping generation model subject to repeated macroeconomic shocks. We highlight how risk premia decline when...
Persistent link: https://www.econbiz.de/10009452465
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Do risk premia protect from banking crises?
Gersbach, Hans; Wenzelburger, Jan - 2004
This paper studies the question to what extent premia for macroeconomic risks in banking are sufficient to avoid banking crises. We investigate a competitive banking system embedded in an overlapping generation model subject to repeated macroeconomic shocks. We show that even if banks fully...
Persistent link: https://www.econbiz.de/10009452467
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Sophistication in risk management and banking stability. The short term
Gersbach, Hans; Wenzelburger, Jan - 2006
We explore the impact of sophistication in risk management as required by Basel II on banking stability and market …
Persistent link: https://www.econbiz.de/10009452515
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Sophistication in risk management and banking stability. The long term
Gersbach, Hans; Wenzelburger, Jan - 2006
We investigate the question of whether sophistication in risk management fosters banking stability. We compare a simple …
Persistent link: https://www.econbiz.de/10009452517