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A real options approach to tender offers and acquisitions processes
Dapena, José Pablo; Fidalgo, Santiago - 2003
finance, salaries, etc. On the other hand, real options create value through the flexibility associated to the ability to …
Persistent link: https://www.econbiz.de/10010323161
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Crowdinvesting
Hainz, Christa; Hornuf, Lars - In: CESifo DICE Report 14 (2016) 1, pp. 67-69
Persistent link: https://www.econbiz.de/10011696957
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Bedingte Aktiengeschäfte
Dilger, Alexander - 2016
Bedingte Aktiengeschäfte sind solche, die nur bei Eintritt einer Bedingung wirksam werden, z. B. bei einer Übernahme oder der Wahl eines bestimmten Vorstandsvorsitzenden. Damit lassen sich Alternativen bewerten und Entscheidungen besser treffen.
Persistent link: https://www.econbiz.de/10011536171
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Wind-down of bank trading books: Operational aspects and hidden costs
Santoni, Alessandro; Rossignol, Ghislain; Akhouen, Richard - 2023
The writing of this article predates by several months the failure of Silicon Valley Bank and the takeover of Credit Suisse which occurred in March 2023. It does not represent the views of the European Central Bank (ECB) and should not be construed as linked to or an advice for the winding down...
Persistent link: https://www.econbiz.de/10014374601
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Financial signalling by innovative nascent entrepreneurs
Audretsch, David B.; Bönte, Werner; Mahagaonkar, Prashanth - 2009
External finance is central for nascent entrepreneurs, people in the process of starting new ventures. We argue that … increase the likelihood of obtaining equity finance. Thus, if signals are credible, innovation positively impacts external … that the relation between finance and innovation depends on the stage of a start-up lifecycle. …
Persistent link: https://www.econbiz.de/10010266651
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Financial signaling by innovative nascent entrepreneurs
Audretsch, David B.; Bönte, Werner; Mahagaonkar, Prashanth - 2009
External finance is central for nascent entrepreneurs, people in the process of starting new ventures. We argue that … increase the likelihood of obtaining equity finance. Thus, if signals are credible, innovation positively impacts external … that the relation between finance and innovation depends on the stage of a start-up lifecycle. …
Persistent link: https://www.econbiz.de/10010291111
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Granularity of corporate debt
Choi, Jaewon; Hackbarth, Dirk; Zechner, Josef - 2013
We study to what extent firms spread out their debt maturity dates across time, which we call granularity of corporate debt. We consider the role of debt granularity using a simple model in which a firm's inability to roll over expiring debt causes inefficiencies, such as costly asset sales or...
Persistent link: https://www.econbiz.de/10010327533
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Comparative statics for real options on oil: What stylized facts to use?
Lund, Diderik; Nymoen, Ragnar - 2013
Comparative-statics results for financial options are often assumed to hold for real options. But the effects of higher volatility need not be increased value and postponed investment. This depends on signs of correlations and what parameters are held constant. For real options, the...
Persistent link: https://www.econbiz.de/10010330217
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(Real-)options, uncertainty and comparative statics: Are Black and Scholes mistaken?
Berg, Tobias; Mölls, Sascha H.; Willershausen, Timo - 2009
The purpose of this paper is to analyze the influence of uncertainty on the value of real options while allowing for a possible change in the value of the underlying asset. We show that the proposition of a strictly positive influence of uncertainty does not hold, if the value of the underlying...
Persistent link: https://www.econbiz.de/10011558716
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An econometric analysis of ETF and ETF futures in financial and energy markets using generated regressors
Chang, Chia-Lin; McAleer, Michael; Wang, Chien-Hsun - In: International Journal of Financial Studies 6 (2018) 1, pp. 1-24
It is well known that there is an intrinsic link between the financial and energy sectors, which can be analysed through their spillover effects, which are measures of how the shocks to returns in different assets affect each other's subsequent volatility in both spot and futures markets....
Persistent link: https://www.econbiz.de/10011996068