Showing 1 - 10 of 1,165
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
The pressure on companies towards sustainable development is changing the way they are dealing with their supply chain network. Practices are not limited to the company level. They are involving suppliers, customers, government, society and other stakeholders that impact and are impacted by the...
Persistent link: https://www.econbiz.de/10014433931
Zulieferbeziehungen. Demgegenüber gilt das Lieferantenmanagement von Toyota als vorbildlich. Darauf kommt es an, denn Outsourcing und …
Persistent link: https://www.econbiz.de/10010512756
this end we measure diversification for all German banks in the period from 1993 to 2002. As measures we use a broad set of … naive diversification across all industries or, alternatively, the economy's industry structure. With this framework our … in this context innovative group of distance measures. We find that different statistical measures of diversification may …
Persistent link: https://www.econbiz.de/10010295896
Should banks be diversified or focused? Does diversification indeed lead to enhanced performance and, therefore … banks? profitability (ROA) and their portfolio diversification across different industries, broader economic sectors and … performance benefits associated with diversification since each type of diversification tends to reduce the banks? returns …
Persistent link: https://www.econbiz.de/10010295912
vieler Agrarmärkte existieren nur wenige empirische Arbeiten zum Zusammenhang zwischen Diversifikation und dem Erfolg … Diversifikation in verwandte und unverwandte Produktbereiche auf das Wachstum (als ein Erfolgsmaß) von Unternehmen untersucht und … Diversifikation in verwandte Produktbereiche ein höheres Wachstum aufweisen, während die Diversifikation in nicht …
Persistent link: https://www.econbiz.de/10010297123
of multi-business portfolios. Although there is lots of work on diversification and mergers and acquisitions, corporate … contempt - the reasonable suspicion of economic inferiority of firm diversification and the possible inappropriateness of CPM …
Persistent link: https://www.econbiz.de/10010307742
Chandlerian world entails a lower spread of managerial salaries, greater product diversification, and a greater degree of products …
Persistent link: https://www.econbiz.de/10010328455
This paper aims at analysing the mortality patterns of hedge funds over the period January 1994 to May 2008. In particular, we investigate the extent to which a spillover of risk among hedge funds through redemptions and failures of other funds has affected the probability of fund failure. We...
Persistent link: https://www.econbiz.de/10011605158
We study how financial market efficiency affects a measure of diversification of output across industrial sectors … and for various levels of disaggregation, we construct a benchmark measure of diversification as the set of allocations of … patterns disappear when we employ "naive" measures of diversification based on the equal spreading of output across sectors. …
Persistent link: https://www.econbiz.de/10011605305