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function takes the form of cubic parabola, where the risk aversion behavior ends at the saddle point of the comprehensive … the ambiguity of the departure from risk-neutrality. This ambiguity can produce the ordinary risk seeking behavior as well … as mathematical catastrophes of Veblen-effect's imprudence and over prudence of family altruism. The comeback to risk …
Persistent link: https://www.econbiz.de/10012062057
This article represents an extension of the expansive credit risk and credit migration literature, prominent in the … corporate bond and securities risk pricing literature, to an analysis of the drift of consumer credit scores. A rich data set of …
Persistent link: https://www.econbiz.de/10010574765
Max Weber's path to economic science was impacted to a large degree by political motives. The question emerges how the depiction, which has been maintained by historians of economics, of Weber as a methodologist – who demands objectivity and value freedom in scientific analysis – is...
Persistent link: https://www.econbiz.de/10014522724
Nowadays, what can be identified as info-communication age, the mobile phone became a determinant technical device in life. I studied the mobile device selection criteria and usage habits of university students with a non-representative research. The results show that the price, look and shape...
Persistent link: https://www.econbiz.de/10008527336
Dissatisfied customers often use social media to voice their complaints effectively, and firms strive to find solutions about how to respond to publicly visible service failure posts. We add to the emerging literature on complaint handling via social media by examining how complaining customers...
Persistent link: https://www.econbiz.de/10013266806
Dissatisfied customers often use social media to voice their complaints effectively, and firms strive to find solutions about how to respond to publicly visible service failure posts. We add to the emerging literature on complaint handling via social media by examining how complaining customers...
Persistent link: https://www.econbiz.de/10012692355
This paper investigates how economic policy uncertainty affects firms' frequency and their choice of financial instruments to raise capital. By applying a three-step sequential framework over a sample of 6834 publicly listed US non-financial firms, we find that during periods of high economic...
Persistent link: https://www.econbiz.de/10013368393
Persistent link: https://www.econbiz.de/10011590902
Using data on subprime mortgages from ten cities, I examine geographic variation in the effects of prepayment penalties, balloon loans, and reduced documentation on the probabilities of foreclosure and prepayment. Results indicate that across cities, reduced documentation is consistently related...
Persistent link: https://www.econbiz.de/10011009863
The regulatory framework established during the Great Depression was dismantled in stages after 1969. The deregulation of deposits at banks and savings institutions created incentives to widen the scope of investments that banks and thrifts could make. Novel instruments were created that should...
Persistent link: https://www.econbiz.de/10008751495