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these important factors, the paper will describe the specifics of Chrysler’s bailout experience in 1979 with the positive … paper will explain the specifics of the government’s bailout of General Motors and Chrysler in 2009. The paper will also …, this paper will demonstrate that although the 1979 bailout was better perceived by the American public, the long term …
Persistent link: https://www.econbiz.de/10009468729
This paper investigates whether corporate political influence affects government investment decisions. We study the efficacy of the various forms of political influence, ranging from the relatively passive connections between firms and politicians, such as those based on politicians’ voting...
Persistent link: https://www.econbiz.de/10009480986
-level data on home mortgages and corporate loans. Our difference-indifference analysis indicates that after the bailout, bailed …
Persistent link: https://www.econbiz.de/10009482955
El bucle de retroalimentación entre la insolvencia soberana y la del sector financiero se ha identificado como un impulsor clave de la crisis de deuda europea y ha motivado una serie de propuestas políticas. Revisamos este «bucle de perdición» centrándonos en los incentivos de los...
Persistent link: https://www.econbiz.de/10014507011
In this paper, we study the asset pricing implication of imprecise knowledge about rare events. Modeling rare events as jumps in the aggregate endowment, we explicitly solve the equilibrium asset prices in a pure-exchange economy with a representative agent who is averse not only to risk but...
Persistent link: https://www.econbiz.de/10009432806
information through these quality signals and consumer choices. In this paper, we explore 1) whether the credibility of an … representative sample of 460 US consumers and analyzed through structural equation modeling. The results show that credibility …
Persistent link: https://www.econbiz.de/10009444571
ZusammenfassungDie Messung und Bewertung von Kreditrisiken stellt sich aktuell als ein sehr bedeutsames (Stichworte : Basel II, Solvency II, Kreditderivate) Gebiet dar. Allerdings hat sich hierbei keine einheitliche Vorgehensweise herausgebildet, sondern es existieren eine Vielzahl...
Persistent link: https://www.econbiz.de/10009447493
Accurate business failure prediction models would be extremely valuable to many industry sectors, particularly financial investment and lending. The potential value of such models is emphasised by the extremely costly failure of high-profile companies in the recent past. Consequently, a...
Persistent link: https://www.econbiz.de/10009441694
critical in the cases of loan-dominant banks in emerging economies. Contrary to theory or studies, we find leverage is not …
Persistent link: https://www.econbiz.de/10009441719
This study examines the interaction between insurance, credit and liquidityconstraints using a stochastic dynamic model. A risk averse farmer whoseobjective is to manage both production and market risk is assumed tomaximize the expected utility of life-time consumption by using both arearevenue...
Persistent link: https://www.econbiz.de/10009446127