Narrow search
Showing 1 - 10 of 271
Cover Image
Option-Style Multi-Factor Comparable Company Valuation for Practical Use
Meitner, Matthias - 2003
Classical single-factor comparable company valuation (CCV) like e.g. valuation using the price-earnings ratio is …
Persistent link: https://www.econbiz.de/10010297342
Cover Image
Modelo binomial para la valoración de empresas y los efectos de la deuda: escudo fiscal y liquidación de la firma
Milanesi, Gastón - In: Journal of Economics, Finance and Administrative Science 19 (2014) 36, pp. 2-10
This paper proposes a binomial model for company valuation, projecting scenarios of continuity or insolvency of the …
Persistent link: https://www.econbiz.de/10011859357
Cover Image
Counterparty risk in material supply contracts
Boyarchenko, Nina; Costello, Anna M. - 2014
This paper explores the sources of counterparty risk in material supply relationships. Using long-term supply contracts collected from SEC filings, we test whether three sources of counterparty risk - financial exposure, product quality risk, and redeployability risk - are priced in the equity...
Persistent link: https://www.econbiz.de/10011340998
Cover Image
Firm-level heterogeneity and the decision to export: A real option approach
Naudé, Wim A.; Gries, Thomas; Bilkic, Natasa - 2013
In new new international trade theory, whether firms export or not are determined by their productivity. These models assume that firms enter a market to find their productivity levels revealed to them as in a lottery. In this paper we propose an alternative way to model whether firms export or...
Persistent link: https://www.econbiz.de/10010293207
Cover Image
Exit Dynamics with Rational Expectations
Raknerud, Arvid; Golombek, Rolf - 2000
We develop an econometric model for firm exit, using stochastic dynamic programming (SDP) as a starting point. According to SDP, the value of an operating firm can be written as the sum of (i) the net present value of continuing production if the firm is committed to a future exit date, and (ii)...
Persistent link: https://www.econbiz.de/10011968061
Cover Image
A simple but powerful simulated certainty equivalent approximation method for dynamic stochastic problems
Cai, Yongyang; Kenneth, L. Judd, - In: Quantitative Economics 14 (2023) 2, pp. 651-687
We introduce a novel simulated certainty equivalent approximation (SCEQ) method for solving dynamic stochastic problems. Our examples show that SCEQ can quickly solve high-dimensional finite- or infinite-horizon, stationary or non- stationary dynamic stochastic problems with hundreds of state...
Persistent link: https://www.econbiz.de/10014536964
Cover Image
Output maximization container loading problem with time availability constraints
Castellucci, Pedro B.; de Toledo, Franklina Maria Bragion; … - In: Operations Research Perspectives 6 (2019), pp. 1-7
Research on container loading problems has helped increase the occupation rate of containers in different practical situations. We consider these problems within a context which might pressure the loading process, leading to sub-optimal solutions. Some facilities like cross-docks have reduced...
Persistent link: https://www.econbiz.de/10012662792
Cover Image
Controlling for biases in primary valuation studies: A meta-analysis of international coral reef values
Abdullah, Sabah; Rosenberger, Randall S. - 2012
This paper updates the existing meta-analysis in coral reef recreation taking into account the previous work of Brander et al. (2007) but considering some stated preference biases and/or effects. The present meta-analysis uses twice the number of observations as the previous one and sheds more...
Persistent link: https://www.econbiz.de/10010294319
Cover Image
Risikosteuerung mit Kreditderivaten unter besonderer Berücksichtigung von Credit Default Swaps
Cremers, Heinz; Walzner, Jens - 2007
Within the last decade, credit risk management of financial institutions has been subject to major changes due to the development of the credit derivatives market. In the past, financial institutions merely had the possibility to manage their credit portfolio by either approving or refusing a...
Persistent link: https://www.econbiz.de/10010298923
Cover Image
Modellierung des Kreditrisikos im Einwertpapierfall
Cremers, Heinz; Walzner, Jens - 2009
for financial institutions. At the same time, the use and the valuation of credit derivatives has been widely criticised … credit derivatives, no longer seems to be an appropriate alternative. However, correct valuation of these derivatives is … valid valuation techniques. A sound understanding of already existing credit pricing models is necessary for such a …
Persistent link: https://www.econbiz.de/10010299007