Narrow search
Showing 1 - 10 of 24,323
Cover Image
Do nonfinancial firms hold risky financial assets? Evidence from Germany
Hoang, Daniel; Silbereis, Fabian; Stengel, Raphael - 2021
Recent empirical evidence suggests that US industrial firms invest heavily in noncash, risky financial assets. Using hand-collected data on financial portfolios of German firms, we show that risky asset holdings are not an anomaly unique to the US. We find that industrial firms in Germany invest...
Persistent link: https://www.econbiz.de/10012490916
Cover Image
Dynamic Copula Modelling for Value at Risk
Fantazzini, Dean - 2011
This paper proposes dynamic copula and marginals functions to model the joint distribution of risk factor returns … marginal distributions from the dependence structure and estimate portfolio Value-at-Risk, assuming for the risk factors a …
Persistent link: https://www.econbiz.de/10013133960
Cover Image
Evidence on the Effect of Financial Distress on Corporate Organizational Structure From a Managerial Qualifications Perspective
Rakhmayil, Sergiy - 2019
This paper introduces a managerial skills dimension into analysis of corporate financial distress and corporate restructuring. We use an ordered logit model to examine how manager qualifications affect whether a company declares bankruptcy, is liquidated or reorganized, and how different forms...
Persistent link: https://www.econbiz.de/10012898296
Cover Image
Kombinierte Liquiditäts- und Solvenzkennzahlen und ein darauf basierendes Insolvenzprognosemodell für deutsche GmbHs
Perederiy, Volodymyr (contributor) - 2007
Eine große Herausforderung der multivariablen Analyse mit bilanziellen Kennzahlen besteht in der Identifikation derjenigen Kennzahlen, die zur besten Modellperformance führen und dabei möglichst leicht interpretierbar und intuitiv bleiben. Die Menge der in Frage kommenden Kennzahlen ist in...
Persistent link: https://www.econbiz.de/10003635001
Cover Image
Cash holdings of German open-end equity funds : does ownership matter?
Dötz, Niko; Weth, Mark - 2013
liquidity holdings has intensified. This paper explores the cash management conducted by German open-end equity funds for the …. Conditional on poor portfolio liquidity, we find that managers of permanently retail-oriented funds tend to move towards higher … when the portfolio liquidity of retail-based funds is higher. The striking effort undertaken by poorly liquid funds with a …
Persistent link: https://www.econbiz.de/10010202775
Cover Image
Cash Holdings of German Open-End Equity Funds : Does Ownership Matter?
Dötz, Niko - 2013
liquidity holdings has intensified. This paper explores the cash management conducted by German open-end equity funds for the …. Conditional on poor portfolio liquidity, we find that managers of permanently retail-oriented funds tend to move towards higher … when the portfolio liquidity of retail-based funds is higher. The striking effort undertaken by poorly liquid funds with a …
Persistent link: https://www.econbiz.de/10013072782
Cover Image
Cash Holdings of German Open-End Equity Funds : Does Ownership Matter?
Dötz, Niko - 2016
liquidity holdings has intensified. This paper explores the cash management conducted by German open-end equity funds for the …. Conditional on poor portfolio liquidity, we find that managers of permanently retail-oriented funds tend to move towards higher … when the portfolio liquidity of retail-based funds is higher. The striking effort undertaken by poorly liquid funds with a …
Persistent link: https://www.econbiz.de/10012988654
Cover Image
German Mittelstand bonds : yield spreads and liquidity
Utz, Sebastian; Weber, Martina; Wimmer, Maximilian - In: Journal of business economics : JBE 86 (2016) 1/2, pp. 103-129
Persistent link: https://www.econbiz.de/10011666880
Cover Image
Portfolio choice, transactions costs and monopoly power
Neumann, Manfred - In: Empirica : journal of european economics 20 (1993) 2, pp. 175-187
Persistent link: https://www.econbiz.de/10001153662
Cover Image
Solvabilitätsmessung bei Schaden-Unfall-Versicherungsunternehmen : Anforderungen an stochastische interne Modelle und an deren Prüfung
Ott, Peter - 2005
1. Einleitung -- 1.1. Diskussion über Neugestaltung der Solvabilitätsvorschriften -- 1.2. Zielsetzung der Ausarbeitung -- 1.3. Struktur und Inhalt der Ausarbeitung -- I: Modelle zur Messung der Solvabilität -- 2. Begriffliche Grundlagen -- 3. Vergleichende Darstellung von Modellen zur Messung...
Persistent link: https://www.econbiz.de/10014019144