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Insider trading with partially informed traders
Aase, Knut K.; Bjuland, Terje; Øksendal, Bernt - Institutt for foretaksøkonomi, Norges Handelshøyskole … - 2011
The single auction equilibrium of Kyle's (1985) is studied, in which noise traders may be partially informed, or alternatively they can be manipulated. Unlike Kyle's assumption that the quantity traded by the noise traders is independent of the asset value, we assume that the noise traders are...
Persistent link: https://www.econbiz.de/10009369298
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La administraciòn financiera: una utopìa en las microempresas
Becerra, Gladys Yaneth Mariño; Sandoval, Inelia Medina - In: REVISTA CRITERIO LIBRE (2010)
countries, and thirdly the existing gap appearance between the theory and the practice of the financial administration, from the … contrast ofthe theory proposed by different experts and with the results obtained of the researches with microbusinessmen of … théorie et la pratique de l´administration financière à partir du contraste de la théorie proposé pour de différents auteurs …
Persistent link: https://www.econbiz.de/10008494001
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A szovjetológiától az új intézményi közgazdaságtanig - töprengések két évtized távlatából
Csaba, László - In: Közgazdasági Szemle (Economic Review - monthly of the … LVI (2009) 9, pp. 749-768
A következőkben arra teszünk kísérletet, hogy összegezzük a közép- és a kelet-európai rendszerváltozások és az ezt tanulmányozók fordulatos történetét az elmúlt két évtizedben. Bemutatjuk, hogy a közgazdaságtan egy kevéssé fejlett ága miképp szembesült a tudományág...
Persistent link: https://www.econbiz.de/10010963430
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Financial Development in 205 Economies, 1960 to 2010
Demirguc-Kunt, Asli; Levine, Ross; Čihák, Martin; … - National Bureau of Economic Research (NBER) - 2013
This paper describes our construction of the Global Financial Development Database and uses the data to compare financial systems around the world. The database provides information on financial systems in 205 economies over the period from 1960 to 2010 and includes measures of (1) size of...
Persistent link: https://www.econbiz.de/10010969344
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Quantifying Liquidity and Default Risks of Corporate Bonds over the Business Cycle
Chen, Hui; Cui, Rui; He, Zhiguo; Milbradt, Konstantin - National Bureau of Economic Research (NBER) - 2014
We develop a structural credit risk model to examine how the interactions of liquidity and default risk affect corporate bond pricing. By explicitly modeling debt rollover and by endogenizing the holding costs via collateralized financing, our model generates rich links between liquidity risk...
Persistent link: https://www.econbiz.de/10010969437
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Wieviel Phantasie braucht die Fußballaktie?
Lehmann, Erik; Weigand, Jürgen - Institut für Volkswirtschaftlehre, Universität Rostock - 1998
Nach dem Vorbild börsennotierter britischer Vereine wird es auch deutschen Profifußballvereinen in absehbarer Zukunft möglich sein, sich in Aktiengesellschaften umzuwandeln. Der anschließende Börsengang soll dann den nach den jüngsten Entwicklungen im Profifußballbereich gestiegenen...
Persistent link: https://www.econbiz.de/10010986085
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Entlohnung von Versicherungsintermediären und Interessenkonflikte: Empirische Evidenz für Europa
Finger, Christian - Institut für Volkswirtschaftlehre, Universität Rostock - 2014
, Falschberatungen und damit verbundene Fehlverkäufe zu vermeiden. Obwohl in der Theorie die Provisionsberatung der Honorarberatung …
Persistent link: https://www.econbiz.de/10010986090
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Cluster formation and evolution in networks of financial market indices
Sandoval, Sandoval , Leonidas Junior - In: Algorithmic Finance 2 (2013) 1, pp. 3-43
Using data from world stock exchange indices prior to and during periods of global financial crises, clusters and networks of indices are built for asset graphs based on distance thresholds and diverse periods of time, so that it is then possible to analyze how clusters are formed according to...
Persistent link: https://www.econbiz.de/10010991430
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Oferta pública inicial y underpricing en el mercado de capitales mexicano
Villarreal, Cuauthemoc - In: Journal of Economics, Finance and Administrative Science 18 (2013) 35, pp. 97-107
Las empresas deciden hacerse públicas por diversas razones, entre ellas podemos mencionar temas de liqui- dez, obtención de financiamiento y la disminución del costo de capital. Una vez que fue valuada la empresa y que el intermediario financiero fijó un precio para las acciones, las...
Persistent link: https://www.econbiz.de/10010991550
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Financial conditions and economic activity: a statistical approach
Erdem, Magdalena; Tsatsaronis, Kostas - In: BIS Quarterly Review (2013) March
How do conditions in the financial sector affect the macroeconomy? We summarise the common variation in a large array of financial variables into a small set of statistical factors and examine the information content of these factors when forecasting GDP and inflation in four economies. We find...
Persistent link: https://www.econbiz.de/10010849711