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New Paradigms in Banking, Financial Markets and Regulation?

Ayadi, Rym; masciandaro, donato; Quintyn, Marc G.; … - SUERF - The European Money and Finance Forum

On May 11-12, 2011, SUERF, the Belgian Financial Forum, the Brussels Finance Institute and the Centre for European Policy Studies (CEPS) jointly organised the 29th SUERF Colloquium New paradigms in money and finance? The papers included in this SUERF Study are based on contributions to the...

Persistent link: https://www.econbiz.de/10011070913

SPACs with focus on China

Shachmurove, Yochanan; Vulanovic, Milos - Volkswirtschaftliche Fakultät, … - 2014

for companies from China in period 2004-2011. We offer the evidence that, similarly to evidence from studies on reverse … mergers focusing on China, SPACs that focus on China are not different in their characteristics from other SPACs. We test for … the performance of the SPACs focused on China and show that their performance is not inferior to the performance of other …

Persistent link: https://www.econbiz.de/10011113827

Discounted Private Placements in New Zealand: Exploitation or Fair Compensation?

Anderson, Hamish D. - In: Review of Pacific Basin Financial Markets and Policies … 09 (2006) 04, pp. 533-548

Market commentators have suggested that New Zealand's lax private placement and disclosure regulation allows private placement purchasers to immediately sell discounted shares without disclosing these transactions to the market. However, New Zealand firms with the deepest discounts tend to have...

Persistent link: https://www.econbiz.de/10004977582

Assessing the Financial Failure Using Z-Score and Current Ratio: A Case of Sugar Sector Listed Companies of Karachi Stock Exchange

Ijaz, Muhammad Shahzad; Hunjra, Ahmed Imran; Hameed, Zahid - Volkswirtschaftliche Fakultät, … - 2013

Since 1968, after the development of multivariate model, financial health of the corporate sector to predict their financial failure is heavily studied. Altman Z-Score is the most efficient model to judge the financial failure of the companies. This study uses Altman’s Z-Score and current...

Persistent link: https://www.econbiz.de/10011109770

Systemic Liquidity Crisis with Dynamic Haircuts

Sever, Can - Volkswirtschaftliche Fakultät, … - 2014

In this paper, using network tools, I analyse systemic impacts of liquidity shocks in interbank market in case of endogenous haircuts. Gai, Haldane and Kapadia (2011) introduce a benchmark for liquidity crisis following haircut shocks, and Gorton and Metrick (2010) reveal the evidence from...

Persistent link: https://www.econbiz.de/10011111629

Strategies on initial public offering of company equity at stock exchanges in imperfect highly volatile global capital markets with induced nonlinearities

Ledenyov, Dimitri O.; Ledenyov, Viktor O. - Volkswirtschaftliche Fakultät, … - 2014

This research considers the strategies on the initial public offering of company equity at the stock exchanges in the imperfect highly volatile global capital markets with the nonlinearities. We provide the IPO definition and compare the initial listing requirements on the various markets. We...

Persistent link: https://www.econbiz.de/10011258000

Do Economic Growth, Human Development and Political Stability favour sovereign Creditworthiness of a Country? A Cross Country Survey on Developed and Developing Countries

Bundala, Ntogwa - Volkswirtschaftliche Fakultät, … - 2012

One of the challenges face a country or firm when deciding to lend a foreign country or firm is how to appraise the creditworthiness of that firm or country? It is experienced and commonly use of credit ratings established by Credit Rating Agencies (Moody’s, Standard and Poor’s and Pitch) as...

Persistent link: https://www.econbiz.de/10011259511

Regulatory capital determination and Its implications for internal ratings-based credit risk model development and validation

Cao, Honggao - Volkswirtschaftliche Fakultät, … - 2012

Focusing on the interconnections between the Basel regulatory capital formula and several well-specified statistical models, this working paper seeks to understand some of the important issues embedded in the Basel Accord. These include: Where does this formula come from? What risks does it try...

Persistent link: https://www.econbiz.de/10011260179

The performance of commercial banks and the determinants of profitability: Evidence from Kosovo

Govori, Fadil - Volkswirtschaftliche Fakultät, … - 2013

Financial intermediaries perform indirect financing, and in this context, commercial banks are very important participants. They carry out the bulk of indirect financing transactions. On the other hand, the implementation mechanism of monetary policy is closely linked to the functioning of the...

Persistent link: https://www.econbiz.de/10011260910

Industry Shocks, Operating Risk, and Corporate Financial Policies around the World

Makaew, Tanakorn; Maksimovic, Vojislav - Volkswirtschaftliche Fakultät, … - 2013

Although developing economies are more volatile, firms in developed countries hold more cash and less debt. We show that despite greater aggregate and industry stability, the performance and balance sheets of individual firms in developed countries are more volatile. In developing countries,...

Persistent link: https://www.econbiz.de/10011113771