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diskutiert wie kursierende Schuldvorwürfe an Manager ("Gier") und an Rating-Agenturen. … rating agencies. …
Persistent link: https://www.econbiz.de/10010377864
a significant role for rating agencies, we find monitoring effects to be strongest when acquirer bonds are rated at the …
Persistent link: https://www.econbiz.de/10010308570
a significant role for rating agencies, we find monitoring effects to be strongest when acquirer bonds are rated at the …
Persistent link: https://www.econbiz.de/10008934787
This study examines the influence of US banks' revenue diversification on their profitability, equity capital, and credit risk, by size. By a simple decomposition of Return On Capital (ROC) I show how popular revenue diversification measures affect both the ROC and risk-adjusted ROC. Based on...
Persistent link: https://www.econbiz.de/10014089781
Amid an economic downturn caused in part by financial deregulation, it is odd to most people outside the Beltway that Congress should be actively considering (and indeed have passed in the House) a raft of proposal for more financial deregulation. Yet the politics for both parties require...
Persistent link: https://www.econbiz.de/10013117441
This study examines the infuence of US banks' revenue diversification on profitability, equity capital, and credit risk by size. By a simple decomposition of Return On Capital (ROC) I show how popular revenue diversification measures affect both the ROC and risk-adjusted ROC. I find substantial...
Persistent link: https://www.econbiz.de/10013403282
find that spread can be explained in terms of two factors credit rating and bond market conditions. Our tests support the … hypothesis that despite heavy reliance on credit ratings, investors do consider factors that the rating agencies state that they …
Persistent link: https://www.econbiz.de/10013116948
External finance is central for nascent entrepreneurs, people in the process of starting new ventures. We argue that nascent entrepreneurs use patents and prototypes in order to signal their ability to appropriate the returns from their innovation as well as the project´s feasibility. Our...
Persistent link: https://www.econbiz.de/10010266651
Rating downgrades are known to make subsequent downgrades more likely. We analyze the impact of this ?downward momentum … regulators since banks neglecting the downward rating momentum might hold insufficient capital. …In der Analyse von Ratingänderungen spricht man von einem Ratingimpuls (rating momentum), wenn die Wahrscheinlichkeit …
Persistent link: https://www.econbiz.de/10010295953
In this paper, I extend the results of Moskowitz and Vissing-Jørgensen (2002) on the returns to entrepreneurial investments in the United States. First, following the authors' methodology I replicate the original findings from the Survey of Consumer Finances (SCF) for the period 1989 - 1998 and...
Persistent link: https://www.econbiz.de/10010280050