Narrow search
Showing 1 - 10 of 1,882
Cover Image
Joint liability lending and credit risk : evidence from the home equity market
Agarwal, Sumit; Ambrose, Brent William; Chomsisengphet, … - In: Journal of housing economics 32 (2016), pp. 47-66
Persistent link: https://www.econbiz.de/10011631691
Cover Image
Joint Liability Lending and Credit Risk : Evidence from the Home Equity Market
Agarwal, Sumit - 2010
Using a unique dataset of home equity credit contracts, we examine the benefits of joint liability lending. Our results … single borrowers. Our results indicate that the lower risk associated with joint liability is largely dependent upon the … similarity of risk characteristics (profiles) of the joint borrowers. Our results suggest that joint liability lending per say …
Persistent link: https://www.econbiz.de/10013139761
Cover Image
Does Commercial Microfinance Belong to the Financial Sector? Lessons from the Stock Market
Briere, Marie - 2017
This paper is the first to draw a global picture of worldwide microfinance equity by taking full advantage of daily … quoted prices. We revisit previous findings showing that investors should consider microfinance as a self-standing sector …. Our results are threefold. First, microfinance has become less risky and more closely correlated with the financial sector …
Persistent link: https://www.econbiz.de/10012956099
Cover Image
Does Commercial Microfinance Belong to the Financial Sector? Lessons from the Stock Market
Briere, Marie - 2018
This paper is the first to draw a global picture of worldwide microfinance equity by taking full advantage of daily … quoted prices. We revisit previous findings showing that investors should consider microfinance as a self-standing sector …. Our results are threefold. First, microfinance has become less risky and more closely correlated with the financial sector …
Persistent link: https://www.econbiz.de/10012919895
Cover Image
Intra-industry effects of privatization announcements: Evidence from developed and developing countries
Otchere, Isaac - 2002
We examine the stock price reaction of rival firms to privatization announcements to infer information about industry effects of privatization. We find that the rival firms reacted negatively to privatization announcements, thus suggesting that the announcement effects reflect competitive...
Persistent link: https://www.econbiz.de/10011335779
Cover Image
A Test of the Ohlson Model on the Italian Stock Exchange
Silvestri, Antonella - 2012
This article belongs to the current in research literature, which is concerned with value relevance. Its main aim is to test the impact of the current and future accounting variables on the firm's market value, by analyzing these relations with reference to the financial sector of the Italian...
Persistent link: https://www.econbiz.de/10013113778
Cover Image
The Impact of Government Interventions on CDS and Equity Markets
Schweikhard, Frederic A. - 2012
We question the impact of government guarantees on the pricing of default risk in credit and stock markets and, using a Merton-type credit model, provide evidence of a structural break in the valuation of U.S. bank debt in the course of the 2007-2009 financial crisis, manifesting in a lowered...
Persistent link: https://www.econbiz.de/10013113869
Cover Image
Is the Information Produced in the Stock Market Useful for Depositors?
Shimizu, Katsutoshi - 2012
The information produced by sophisticated investors in the stock market may be useful for uninformed depositors. Since much information is not produced for Shinkin banks (cooperatives) in Japan, relying on the information from the stock market may be an efficient decision for these depositors....
Persistent link: https://www.econbiz.de/10013102563
Cover Image
The Effect of Monetary Policy Interventions on Stock Markets and G-SIFIs during the Crisis
Fiordelisi, Franco - 2013
Central banks have run during the crisis a wide set of monetary policy interventions using new instruments and techniques to restore the monetary stability and thus re-establish the stability of financial (and banking) systems. We analyze the effect of monetary policy interventions on stock...
Persistent link: https://www.econbiz.de/10013089313
Cover Image
The Stock Market Reaction to Changes to Credit Ratings of US-Listed Banks
Jones, Edward A.E. - 2013
In this paper we provide empirical evidence of abnormal returns associated with credit rating changes for a sample of 264 credit ratings announcements by 43 international and US banks between 2000 and 2012. The banks in the sample have either a primary or secondary US listing. We provide...
Persistent link: https://www.econbiz.de/10013075481