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Nash bargaining partitioning for a class of decentralized investment problems, where intermediaries are in charge of the …
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criterion. We then explicitly model the bargaining process by which firms will agree to a particular redistribution. We allow …
Persistent link: https://www.econbiz.de/10012974804
Instruments for credit risk transfer arise endogenously from and interact with optimizing behavior of their users. This is particularly true with credit derivatives which are usually OTC contracts between banks as buyers and sellers of credit risk. Recent literature, however, does not account...
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Can simple technical analysis add value to index option selling investment strategies? To test this, I propose a dynamic allocation approach to construct option writing portfolios. Unlike the standard passive Buy-Write (covered call) and Collateralized Put-Write strategies, an active leveraged...
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The benefits of country diversification are well-established. This article shows that the same benefits extend to equity factors, such as value, size, momentum, investment, and profitability. Specifically, country factor portfolios reflect both common variation, which we define as the global...
Persistent link: https://www.econbiz.de/10012947893
Using Barney's (2018) stakeholder perspective of resource-based theory (SRBT), we arguethat bondholders represent the … and the stakeholders'interests are aligned when firms have concerns or controversies (risk) but they are not alignedfor … bondholders and stakeholders' interests are weaker forbonds with longer maturities but greater after a negative shock in credit …
Persistent link: https://www.econbiz.de/10012418374
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