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: (i) The overall performance is poor. (ii) Investors show neutral timing skills, while the main performance driver is the … issuers' price-setting. (iii) Higher risk taking by investors diminishes the performance further. Our results imply that …
Persistent link: https://www.econbiz.de/10011854264
Persistent link: https://www.econbiz.de/10011854265
of deal resources accumulated by venture capital partners lead to high deal performance in order to analyze if new …
Persistent link: https://www.econbiz.de/10014523145
the performance of the insurance industry from life and non-life perspective, not much attention had been given to the …
Persistent link: https://www.econbiz.de/10012201807
Venture capital (VC) funds backed by large multi-fund families tend to perform substantially better due to cross-fund cash flows (CFCFs), a liquidity support mechanism provided by matching distributions and capital calls within a VC fund family. The dynamics of this mechanism coincide with the...
Persistent link: https://www.econbiz.de/10013557355
This paper builds a new dataset on bank ownership and bank performance covering approximately 50,000 observations for … ownership and bank performance, providing separated estimations for developing and industrial countries. It is found that, while … ownership is strongly correlated with performance in developing countries, that ownership is not correlated with performance in …
Persistent link: https://www.econbiz.de/10010327143
Based on German government bond yields, this paper analyses the performance of laddered strategies during a period of … increase with the length of maturity. Performance measures, such as return on risk-adjusted capital and the Sharpe ratio, show … level, the dominance is reduced. The results imply that portfolio managers should consider performance characteristics in …
Persistent link: https://www.econbiz.de/10014524424
This paper analyses theperformance ofmaturity transformation strategiesduring a period of high and low interest rates. Based on German government bond yieldsfrom September 1972 to May 2019,we construct a rolling window of bond ladders where long-term assets are financed by short-term...
Persistent link: https://www.econbiz.de/10012315603
Our study explores the impact financial crisis has on performance of microfinance institutions in Zimbabwe employing … impact of financial crisis on performance of Microfinance Institutions. We also found a positive effect of gross domestic … product, money supply, the first lag of inflation and exchange rates on microfinance institutions performance while the second …
Persistent link: https://www.econbiz.de/10013366730
Das internationale Bankensystem stand in den vergangenen Jahren im Fokus des öffentlichen Interesses. Bei der Diskussion möglicher Optionen zur Verbesserung der Finanzsystemstabilität rückt zunehmend die Corporate Governance in Banken in den Fokus. Der vorliegende Forschungsbericht widmet...
Persistent link: https://www.econbiz.de/10011698354