Showing 1 - 10 of 133
Purpose – The purpose of this paper is to study the correlation structure of the credit spreads. Design/methodology/approach – The minimal spanning tree is used to find the risk center node and the basic correlation structure of the credit spreads. The dynamic copula and pair copula models...
Persistent link: https://www.econbiz.de/10014694670
Abstract The question whether central banks should bear responsibility for financial stability remains unanswered. In connection with the use of interest rates, it is therefore not clear whether and how the Taylor rule should be augmented by an additional financial stability term. This paper...
Persistent link: https://www.econbiz.de/10014619305
Purpose This paper offers empirical evidence on factors influencing credit spreads on commercial mortgage loans. It extends existing work on the pricing of commercial mortgage loans. The authors examine the relative significance of a range of factors on loan pricing that are lender, asset and...
Persistent link: https://www.econbiz.de/10014862780
Purpose – This paper aims to test the finite sample properties of the automatic variance ratio (AVR) test and suggest suitable measure to improve its small sample properties under conditional heteroskedasticity and apply it to test the martingale hypothesis in the stock prices of the Portugal,...
Persistent link: https://www.econbiz.de/10015014112
focused on two key variables (differentiation and the duration of effects). Neither other variables, nor stakeholders other …
Persistent link: https://www.econbiz.de/10014691822
, direct payments might improve the farmer's liquidity position or repayment capacity enabling the farmer to obtain more … experienced farmers. The purpose of this paper is to investigate the effects of direct payments on liquidity and repayment … provides evidence that decoupled direct payments impact a farmer's liquidity and repayment capacity. Furthermore, direct …
Persistent link: https://www.econbiz.de/10014667130
liquidity by herd size. Design/methodology/approach Financial ratios to reflect profitability (rate of return on assets …), solvency (debt to asset ratio), and liquidity (current ratio) were collected from Cornell University, Michigan State University … significantly more profitability in good years. Findings were similar with respect to liquidity. Large herds consistently carried …
Persistent link: https://www.econbiz.de/10014667341
Purpose – This paper aims to develop and utilize a conceptual framework to examine the impact of liquidity and solvency … modified to incorporate liquidity and solvency ratios. Tobit regressions are used to determine the impact of farm … characteristics on improvements in efficiency. Findings – Results confirm that liquidity and solvency measures have a significant …
Persistent link: https://www.econbiz.de/10014667606
Purpose – The purpose of this paper is to examine corporate liquidity management of companies listed on the Ghana Stock … Exchange (GSE) with the aim of ascertaining the determinants of corporate liquidity holdings. Design/methodology/approach – The …. Findings – Leverage is found to be not significant to Ghanaian‐listed firms' liquidity demand perhaps due to the developmental …
Persistent link: https://www.econbiz.de/10014674199
Discusses a talk given by Ross Jones at the UK Asset and Liability Management Association about the effect globalization is having on the increased lack of financial controls. Looks at the history of liquidation and how it was achieved. Further investigates IT and the markets and how they have...
Persistent link: https://www.econbiz.de/10014689031