Narrow search
Showing 1 - 10 of 10,926
Cover Image
Venture-backed IPOs and the Exiting of Venture Capital in China
Xu, Xiaoqing Eleanor - In: Journal of Entrepreneurial Finance 11 (2006) 3, pp. 39-56
foreign venture capital in China. It also discusses the recent developments, advantages and disadvantages of various China …-run performance of the U.S.-listed China Venture-backed IPOs between 2000 and 2005. …
Persistent link: https://www.econbiz.de/10010765332
Cover Image
The financial crisis and the credit rating agencies: the failure of reputation
Miele, Maria Grazia - Volkswirtschaftliche Fakultät, … - 2012
This paper presents a theoretical framework to describe the behaviour of the credit rating agencies(CRAs) during the crisis, surveying some reputational game models. CRAs have been blamed of inflating ratings of the new credit risk transfer products (CRTs) and of acting in favour of issuers...
Persistent link: https://www.econbiz.de/10011260075
Cover Image
The Changing Role of Global Financial Brands in the Underwriting of Foreign Government Debt (1815-2010)
Marc Flandreau, Juan Flores, Norbert Gaillard, … - International Economics Section, The Graduate Institute … - 2011
This paper covers the long-term evolution of the primary market for foreign government debt. We discuss the role of financial intermediaries as underwriters and distributors of securities, providers of information, and lending of last resort services since the early 19th century, and the...
Persistent link: https://www.econbiz.de/10009371858
Cover Image
Analyst coverage, optimism, and stock price crash risk: Evidence from China
Xu, Nianhang; Jiang, Xuanyu; Chan, Kam C.; Yi, Zhihong - In: Pacific-Basin Finance Journal 25 (2013) C, pp. 217-239
We examine the relations among analyst coverage, analyst optimism, and firm-specific stock price crash risk. Using a unique Chinese database, we find that an increase in a firm's analyst coverage leads to an increase in stock price crash risk and this positive relation is more pronounced when...
Persistent link: https://www.econbiz.de/10010729580
Cover Image
Credit rating industry: A helicopter tour of stylized facts and recent theories
Jeon, Doh-Shin; Lovo, Stefano - In: International Journal of Industrial Organization 31 (2013) 5, pp. 643-651
The recent subprime crisis and the ongoing Euro zone crisis have generated an enormous interest in the credit rating industry not only among economists but also among average citizens. As a consequence, we have seen an explosion of the economic literature on the industry. The objective of this...
Persistent link: https://www.econbiz.de/10010730056
Cover Image
Underwriter reputation and the quality of certification: Evidence from high-yield bonds
Andres, Christian; Betzer, André; Limbach, Peter - In: Journal of Banking & Finance 40 (2014) C, pp. 97-115
-power hypothesis, and contradict the traditional certification hypothesis and underlying reputation mechanism. …
Persistent link: https://www.econbiz.de/10010738269
Cover Image
Underwriter Reputation and the Quality of Certification: Evidence from High-Yield Bonds
Andres, Christian; Betzer, André; Limbach, Peter - Universitätsbibliothek Wuppertal, University Library - 2013
-power hypothesis, and contradict the traditional certification hypothesis and underlying reputation mechanism. …
Persistent link: https://www.econbiz.de/10010857158
Cover Image
Building reputation on the syndicated lending market: A participant bank perspective
Broihanne, Marie-Hélène; Godlewski, Christophe - Laboratoire de Recherche en Gestion (LaRGE), Institut … - 2014
Reputation of financial institutions is crucial for their activity and performance. Participant banks often rely on … lead bank’s reputation in making future syndicated loan participation and lending decisions. We apply ordered probit … regression techniques to a sample of more than 4,600 loans to investigate the determinants of participant banks reputation on the …
Persistent link: https://www.econbiz.de/10010742552
Cover Image
Do reputational concerns lead to reliable ratings?
Mariano, Beatriz - London School of Economics (LSE) - 2008
This paper examines to what extent reputational concerns give rating agencies incentives to reveal information. It demonstrates that, in a simple model in which a rating agency has public and private information about a project, it may ignore private information and even contradict public...
Persistent link: https://www.econbiz.de/10010745887
Cover Image
Financial institution network and the certification value of bank loans
GODLEWSKI, Christophe J.; SANDITOV, Bulat - Laboratoire de Recherche en Gestion (LaRGE), Institut … - 2015
Social networks and reputation are believed to play important roles in mitigating informational frictions related to … financial intermediation, in particular bank lending. We investigate the effect of the network and reputation of financial …
Persistent link: https://www.econbiz.de/10011168662