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An empirical analysis of the financing strategy of callable bonds
Ryu, Keunkwan; Wee, Jung Bum - 2001
This paper empirically analyzes the call timing of callable bonds to see how refunding opportunity, cost of financial distress, agency cost of debt, and private information affect the call decision. The empirical results show that firms issue callable bonds, convertible or not, to enjoy future...
Persistent link: https://www.econbiz.de/10010332329
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Konstruktion einer Anleihe mit hypothekarischer Besicherung
Alram, Johannes - 2009
This work describes the legal structuring of a mortgage covered bond in accordance with the regulations of paragraphs … rights of the bond holders according to the regulations of the German Statue Governing Common Rights of Owners of Debt … Securities (Schuldverschreibungsgesetz). Furthermore, the work describes how the bond creditors shall have preferences of the …
Persistent link: https://www.econbiz.de/10010298959
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Exploring the CDS-Bond Basis
De Wit, Jan - 2006
. Nonetheless, the average CDS-bond basis (i.e. the difference between both measures) is positive in the period 2004-2005. We detect …
Persistent link: https://www.econbiz.de/10011506625
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What Simon says
Heukelom, Floris - 2007
This paper provides an overview of the work of Herbert Simon and his ideas about rational decision making. By his own standards, Simon is an economist who works in the tradition of Adam Smith and Alfred Marshall. The central theme in Simon’s research is how human beings organize themselves in...
Persistent link: https://www.econbiz.de/10010325163
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Angebotsinduzierung und Mitnahmeeffekt im Rahmen der Riester-Rente: eine empirische Analyse
Pfarr, Christian; Schneider, Udo - 2010
In 2001, the voluntary additional Riester pension scheme was implemented in Germany. Financial subsidies should incentivize people to increase their private pension savings. In this paper, we hypothesize that these publicly subsidized savings mainly replace existing not subsidized savings and...
Persistent link: https://www.econbiz.de/10011600983
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Alterssicherung: gesunkene Zufriedenheit und Skepsis gegenüber privater Vorsorge
Schwarze, Johannes; Wagner, Gert G.; Wunder, Christoph - In: DIW Wochenbericht 71 (2004) 22, pp. 315-322
staatliche Zuschüsse zu einer privaten Altersvorsorge erreichen ihr Ziel nur bedingt. Sie kommen vor allem denen zugute, die auch …
Persistent link: https://www.econbiz.de/10011601516
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Rückbuchungen von Riesterzulagen: Teure Ignoranz der Sozialpolitik: Kommentar
Hagen, Kornelia - In: DIW Wochenbericht 78 (2011) 18, pp. 20
Persistent link: https://www.econbiz.de/10011602342
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Long-Term Labor Force Exit and Economic Well-Being: A Cross-National Comparison of Public and Private Income Support
Burkhauser, Richard V.; Lillard, Dean R.; Valenti, Paola M. - In: Vierteljahrshefte zur Wirtschaftsforschung 70 (2001) 1, pp. 146-152
This paper examines how the economic well-being of households changes after a male household member exits the labor force. We examine, in four countries, labor force exits at various ages and present evidence on household income from various sources before and after the exit occurs. We focus on...
Persistent link: https://www.econbiz.de/10010377515
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Verbraucherbildung und Verbraucherberatung in der Altersvorsorge: ein Überblick über deutsche und britische Initiativen
Werner, Christina; Oehler, Andreas - In: Vierteljahrshefte zur Wirtschaftsforschung 78 (2009) 3, pp. 125-143
und Beratung, insbesondere im Bereich der Altersvorsorge in Deutschland und Großbritannien. Im Beitrag wird vorgetragen …
Persistent link: https://www.econbiz.de/10010377894
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When and How to Subsidize Tax-Favored Retirement Accounts?
Simonovits, András - 2009
When and how to subsidize tax-favored pension accounts? To defend myopic workers against themselves, the government introduces a mandatory system but to help savers, it adds taxfavored retirement accounts. If the mandatory system is progressive, then a proportional voluntary system can...
Persistent link: https://www.econbiz.de/10010494392