This paper evaluates the impact of external financing on market risk for the listed firms in Vietnam's banking industry … estimate asset and equity beta of total 9 listed companies in Vietnam banking industry with a proper traditional model, we … changing leverage (in 2011 financial reports, 30% up and 20% down), we recognized that the risk level, measured by equity and …

sector of Pakistan. For this purpose, seven bank-specific explanatory variables (capital adequacy, management efficiency …

This paper explores whether refinancing risk is an important determinant of maturity decisions by investigating how … firms with refinancing risk choose the maturity of new loans they obtain during the 2007-2009 financial crisis. The firms …' refinancing risk is measured by the maturing portion of outstanding long-term debt. The result shows that firms with a high …

on some high frequency basis has spurred the research in the field of volatility modeling and forecasting into new … directions. First, the realized variance is a much better estimate of the latent volatility than the sum of the weighted daily … squared returns. As such it is better suited for comparing the out-of-sample performances of competing volatility models …

volatility that has been proposed for the real options approach (ROA), and also provide a theoretical and practical explanation … for estimating an unbiased volatility and unconditional for this methodology. The results of the research suggest that the … use of the current methods generates a marked overestimation of the volatility, which is ultimately transmitted in the …

Russland treffen die Auswirkungen der internationalen Finanzkrise und fallender Energiepreise zu einem ungünstigen …

firms. We then look at four areas of governance: executive compensation, boards, risk management, and market discipline. We …

of the employer and hence should be taken into account by the market in its assessments of risk. Using a hand collected … market risk indicators. This suggests that arguments that severance pay systems destroy corporate value may need to be …