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The Determinants of Recovery Rates on Defaulted Corporate Securities: Why do Fallen Angels recover more than Original High Yield Issues?

Adler, Carolyn - 2007

knowledge, has investigated the reasons why higher rated securities recover more than lower rated securities in the event of … default. Specifically, this paper will empirically investigate why securities originally rated investment grade, fallen angels …, recover more than securities originally rated high yield in the event of default. …

Persistent link: https://www.econbiz.de/10009474969

The causes of Japan's financial crisis

Patrick, Hugh; Ito, Takatoshi - 1999

securities companies were the world’s largest; and its life and casualty insurance companies were likewise huge. Banks had ample … collapsed, as has one of the Big Four securities companies, and a mid-sized life insurance company. This is not only … Japanese banking industry, although the analysis applies in many respects to the securities and insurance industries as well …

Persistent link: https://www.econbiz.de/10009451446

Asset securitization by non-financial firms [electronic resource] : motivation and market valuation

Huang, Qianyun. - 2011

This dissertation examines several research questions relating to securitization by non-financial firms. Finance theories suggest securitization is most beneficial when there is high demand for liquidity. On the other hand, empirical studies have shown that firms engage in securitization to...

Persistent link: https://www.econbiz.de/10009431423

A stochastic multidimensional scaling procedure for the empirical determination of convex indifference curves for preference/choice analysis

DeSarbo, Wayne S.; Jedidi, Kamel; Steckel, Joel H. - 1991

The vast majority of existing multidimensional scaling (MDS) procedures devised for the analysis of paired comparison preference/choice judgments are typically based on either scalar product (i.e., vector) or unfolding (i.e., ideal-point) models. Such methods tend to ignore many of the essential...

Persistent link: https://www.econbiz.de/10009476614

Profitability, productivity and price recovery patterns in the U.S. telecommunications industry

Banker, R. D.; Chang, Hsi-Hui; Majumdar, Sumit K. - 1996

We undertake a study where we examine changes in the profitability, productivity and price recovery of firms in the U.S. telecommunications industry over a sixteen-year period. We assess the performance of thirty-three major companies in the local-exchange sector over six time periods 1975,...

Persistent link: https://www.econbiz.de/10009476753

Relative price changes and the benefits and costs of alternative power projects

Schramm, Gunter - 1969

What are the conclusions that we have to draw from the foregoing discussion? We must conclude that the prevailing practice of evaluating benefits and costs in terms of present costs and prices is not only likely to lead to an under-statement of actual costs, but also may lead to gross...

Persistent link: https://www.econbiz.de/10009477009

Employing Travel Time to Compare the Value of Competing Cultural Organizations

Boter, Jaap; Rouwendal, Jan; Wedel, Michel - 2005

A number of studies have applied non-market valuation techniques to measure the value of cultural goods. Virtually all of these studies are single case applications and rely mostly on stated preferences, such as contingent valuation techniques. We compare the relative value of multiple,...

Persistent link: https://www.econbiz.de/10009477025

The Internationalization of Small and Medium-Sized Enterprises: A Policy Perspective

Acs, Zoltan J.; Morck, Randall K.; Shaver, J. Myles; … - 1997

Small and medium sized firms play an important role in the process of creative destruction. The focus of the paper is on the international diffusion of small and medium sized firms innovations. Small and medium sized firms face two challenges in globalization: property rights protection and...

Persistent link: https://www.econbiz.de/10009477262

Patterns of Trade and Growth across Cones

Deardorff, Alan V. - 2000

This paper examines the implications of the Heckscher-Ohlin (HO) Model for the patterns of production and trade that will emerge as a country grows. It focuses primarily on world equilibria that include two or more cones of diversification. Starting with the textbook model of two factors and two...

Persistent link: https://www.econbiz.de/10009477290

An Assessment of the Performance of Indian State-Owned Enterprises

Ahuja, Gautam; Majumdar, Sumit K. - 1998

We examine the determinants of performance of 68 Indian state-owned enterprises in the manufacturing sector for a five-year period: 1987 to 1991. Relative performance is determined using data envelopment analysis, with variations in performance patterns subsequently explained using regression...

Persistent link: https://www.econbiz.de/10009477429