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Optimal credit guarantee ratio for Asia
Yoshino, Naoyuki; Taghizadeh-Hesary, Farhad - 2016
minimizing the bank's nonperforming loans to SMEs, and at the same time fulfill the government policies for supporting SMEs. Our …
Persistent link: https://www.econbiz.de/10011522082
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Government guarantees and bank risk taking incentives
Fischer, Markus; Hainz, Christa; Rocholl, Jörg; … - 2014
This paper analyzes the effect of the removal of government guarantees on bank risk taking. We exploit the removal of …
Persistent link: https://www.econbiz.de/10010257239
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Government guarantees and bank risk taking incentives
Fischer, Markus; Hainz, Christa; Rocholl, Jörg; … - 2014
This paper analyzes the effect of the removal of government guarantees on bank risk taking. We exploit the removal of …
Persistent link: https://www.econbiz.de/10010258417
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Crowdfunding, demand uncertainty, and moral hazard : a mechanism design approach
Strausz, Roland - 2015
Crowdfunding challenges the traditional separation between finance and marketing. It creates economic value by reducing demand uncertainty, which enables a better screening of positive NPV projects. Entrepreneurial moral hazard threatens this effect. Using mechanism design, mechanisms are...
Persistent link: https://www.econbiz.de/10011309652
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Tournaments with gaps
Imhof, Lorens; Kräkel, Matthias - 2013
performing agent must beat the second best to receive the winner prize. We analyze a tournament with two risk averse agents …
Persistent link: https://www.econbiz.de/10010198511
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Understanding and managing behavioural risks : the case of food risks caused by malpractice in poultry production
Hirschauer, Norbert; Zwoll, Stefan - 2006
The probability that actors in economic relationships break rules increases with the profits they thus expect to earn. It decreases with the probability and level of short- and long-term losses resulting from disclosure. It also decreases with the level of social context factors and intrinsic...
Persistent link: https://www.econbiz.de/10010346444
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On the political economy of financial deregulation
Ertürk, Korkut A. - 2016
promised higher profitability partly because of better risk management made possible by advances in information technology and …. Because systemic risk cannot be fully privatized social insurance against it is inevitably a common pool (or open) resource …, which means that there is an incentive for financial units to over-extract in the form of excessive risk taking in the …
Persistent link: https://www.econbiz.de/10011435704
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Leverage and risk taking
Moreno-Bromberg, Santiago; Roger, Guillaume - 2015
We study a dynamic contracting problem in which size is relevant. The agent may take on excessive risk to enhance short … curb risk taking. Firms that are less prone to risk taking can afford a higher leverage …
Persistent link: https://www.econbiz.de/10011506338
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Mortgage markets with climate-change risk : evidence from wildfires in California
Issler, Paulo; Stanton, Richard; Vergara-Alert, Carles; … - Fisher Center for Real Estate and Urban Economics … - 2020
This paper studies wildfires in California from 2000 to 2018 using comprehensive merged dataon fires, mortgage and property characteristics, and weather. We find a significant increase in mortgage delinquency and foreclosure after a fire, but these effects decrease in the size of the fire,which...
Persistent link: https://www.econbiz.de/10012496622
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A structural microsimulation model for demand-side cost-sharing in healthcare
Boone, Jan; Remmerswaal, Minke - 2020
Persistent link: https://www.econbiz.de/10012251237