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Visible and hidden risk factors for banks
Schuermann, Til; Stiroh, Kevin J. - 2006
This paper examines the common factors that drive the returns of U.S. bank holding companies from 1997 to 2005. We … that the market factor clearly dominates in explaining bank returns, followed by the Fama-French factors. The bank … tend to load in the same direction on the first component. Relative to the returns of large firms in other sectors, bank …
Persistent link: https://www.econbiz.de/10010333053
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Value at risk, bank equity and credit risk
Broll, Udo; Wahl, Jack E. - 2003
We study the implications of the value at risk concept for the bank's optimum amount of equity capital under credit … managerial and market factors. Furthermore, the bank's equity and asset/liability management has to be addressed simultaneously … by bank managers. …
Persistent link: https://www.econbiz.de/10010305454
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Risk management and managerial efficiency in Chinese banks: A network DEA framework
Matthews, Kent - 2010
foreign banks operating in China. This paper evaluates bank performance using a Network DEA approach where an index of risk …
Persistent link: https://www.econbiz.de/10010288845
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Die Balanced Scorecard als Instrument zur Unterstützung des Risikomanagements
Heimer, Sebastian - 2007
Persistent link: https://www.econbiz.de/10010475187
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Firm heterogeneity and credit risk diversification
Hanson, Samuel; Pesaran, Mohammad Hashem; Schuermann, Til - 2005
This paper considers a simple model of credit risk and derives the limit distribution of losses under different assumptions regarding the structure of systematic and idiosyncratic risks and the nature of firm heterogeneity. The theoretical results obtained indicate that if firm-specific risk...
Persistent link: https://www.econbiz.de/10010276169
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Incentives and managerial experience in multi-task teams: Evidence from within a firm
Griffith, Rachel; Neely, Andrew - 2006
This paper exploits a quasi-experimental setting to estimate the impact that a multi-dimensional group incentive scheme had on branch performance in a large distribution firm. The scheme, which is based on the Balanced Scorecard, was implemented in all branches in one division, but not in...
Persistent link: https://www.econbiz.de/10010293066
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Theoretisch-konzeptionelle Grundlagen zur Balanced Scorecard
Körnert, Jan; Wolf, Cornelia - 2006
Die theoretisch-konzeptionelle Würdigung der Balanced Scorecard steht trotz ihres Siegeszu-ges in der Praxis noch immer in den Anfängen. Der vorliegende Beitrag stellt das Shareholder Value-Konzept, das Stakeholder-Konzept und die Systemtheorie als theoretisch-konzeptionel-len Bezugsrahmen...
Persistent link: https://www.econbiz.de/10010300292
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Die Balanced Scorecard zur Unterstützung der politischen Planung und Steuerung der Vorhaben einer Landesregierung
Radke, Marlen - 2010
Zur Bewältigung der drängenden Fragen der heutigen Zeit wird von den politischen Verantwortungsträgern ein klares und nachvollziehbares Konzept und Vorgehen eingefordert. Der Ruf nach einer strategischen nicht nur taktischen Ausrichtung der politischen Planung und Steuerung wird laut. Die...
Persistent link: https://www.econbiz.de/10010288181
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Why Hedge? - A Critical Review of Theory and Empirical Evidence -
Ammon, Norbert - 1998
Der Artikel gibt einen Literaturüberblick zur Fragestellung, warum Unternehmen Risikomanagement betreiben und …
Persistent link: https://www.econbiz.de/10010297586
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Marktpreisrisiko-Reporting bei Nichtfinanzinstituten nach IFRS 7: empirische Befunde zum Einsatz von Value at Risk und Sensitivitätsanalysen bei kapitalmarktorientierten Unternehme...
Fürst, Benedikt; Henselmann, Klaus; Klein, Martin - 2009
The paper shows the ways of disclosing financial risks by IFRS 7 and certain types of sensitivity analysis. The different possibilities of preparing a sensitivity analysis, such as value at risk are illustrated and their suitability for reporting are faced critically. Following, the manner of...
Persistent link: https://www.econbiz.de/10010299998