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Subprime-Krise, strukturierte Finanzierung und die Förderung der Mikrokreditvergabe
Terberger, Eva - In: Vierteljahrshefte zur Wirtschaftsforschung 78 (2009) 1, pp. 40-55
Garantien eine quasi unlimitierte Förderquelle, die zur Erhöhung systemischer Risiken beitrug. In der Mikrofinanzierung dagegen … Kapitalmarkt für die Mikrofinanzierung erschließen, ohne die Gefahr einer unkontrollierten Ausweitung von Risiken einzugehen. … increasing the burden of public risk. Quite differently, microfinance is supported by investing scarce donor funds into the …
Persistent link: https://www.econbiz.de/10010377871
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Efficiency of the Albanian banking system: Traditional approach and Stochastic Frontier Analysis
Kristo, Suela - In: International Journal of Economic Sciences and Applied … 6 (2013) 3, pp. 61-78
Efficiency issues become even more sensitive for post-communist European countries and for Albania as well, as their economies have created relatively new financial systems being currently of little experience, moreover when they become part of EU. Their survival requires them among others, to...
Persistent link: https://www.econbiz.de/10011310260
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Bank Loans to Newly Public Firms
Shaffer, Sherrill; Sokolyk, Tatyana - In: The Journal of Entrepreneurial Finance (JEF) 16 (2013) 2, pp. 33-56
Prior studies have shown that newly public firms exhibit a high degree of uncertainty and asymmetric information, with few reliable sources of information. These findings suggest that investors could benefit if some independent party is able to assess the quality of a newly public firm. Since...
Persistent link: https://www.econbiz.de/10010343290
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Influence of the economic and financial condition of strategic shareholders upon the market value of commercial banks in the Polish banking sector
Korzeb, Zbigniew - In: e-Finanse: Financial Internet Quarterly 10 (2014) 2, pp. 38-43
The objective of the paper is to analyse the influence of information about economic and financial problems of strategic shareholders upon the market value of commercial banks operating in the Polish banking sector. The analysis included fourteen such cases from the years 2007 - 2014. The...
Persistent link: https://www.econbiz.de/10011551429
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The influence of currency risk upon the market value of commercial banks operating in the Polish banking sector
Korzeb, Zbigniew - In: e-Finanse: Financial Internet Quarterly 11 (2015) 4, pp. 57-63
The objective of the paper is to analyse the impact of the Swiss National Bank's decision to introduce the floati ng exchange rate of the franc on January 15th, 2015, upon the market value of commercial banks operating in the Polish banking sector. The analysis involved twelve commercial banks...
Persistent link: https://www.econbiz.de/10011551468
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The accuracy of financial analysts' earnings forecasts and the Tunisian market reliance with time
Ahmed, Bouteska; Boutheina, Regaieg - In: Cogent Economics & Finance 5 (2017) 1, pp. 1-14
Unlike previous studies which have examined the role of financial analysts in developed economies, the aim of this paper is to investigate whether following the Tunisian stock market opening, both the analyst forecast accuracy and the market's reliance on analyst forecasts, increase with time....
Persistent link: https://www.econbiz.de/10011988768
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Optimal form of retention for securitized loans under moral hazard
Dionne, Georges; Malekan, Sara - In: Risks 5 (2017) 4, pp. 1-13
We address the moral hazard problem of securitization using a principal-agent model where the investor is the principal and the lender is the agent. Our model considers structured asset-backed securitization with a credit enhancement (tranching) procedure. We assume that the originator can...
Persistent link: https://www.econbiz.de/10011996550
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L'Impact De L'Application Des Reformes Bale III Sur L'Industrie Bancaire Roumaine
Halep, Maria; Dragan, Gabriela - In: CES Working Papers 4 (2012) 4, pp. 707-725
Le début du XXIeme a connu un essor remarquable des marchés financiers, de l’innovation et des processus de déréglementation. L’inflation faible, la liquidité abondante, la confiance dans les marchés efficaces et autorégulateurs ont conduit a une perception généralisée de risque...
Persistent link: https://www.econbiz.de/10012017040
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The Effects of Financial Support Policies on Corporate Decisions by SMEs
Nam, Chang Woo - In: KDI Journal of Economic Policy 38 (2016) 3, pp. 79-106
This paper investigates the effectiveness of public credit guarantee programs and interest-support programs for SMEs (small and medium enterprises). First, assuming that there is an imperfect information structure in the SME loan market, we analyze how SME support financial programs affect the...
Persistent link: https://www.econbiz.de/10012034803
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Die Konstruktion eines Performanceindexes für geschlossene Schiffsfonds
Drobetz, Wolfgang; Tegtmeier, Lars; Topalov, Mihail - In: Kredit und Kapital 45 (2012) 1, pp. 79-113
Die Konstruktion eines Performanceindexes für geschlossene Schiffsfonds Geschlossene Schiffsfonds stellen für private Anleger seit vielen Jahren eine bedeutende Form der Kapitalanlage dar und bildeten in der Vergangenheit das erfolgreichste Finanzierungsinstrument für die deutschen...
Persistent link: https://www.econbiz.de/10014522867