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banking houses. Invariably, the leaders derived additional benefits from the lending operations which did not accrue to the … profitability of these loans. A formal model based on informational asymmetries resulting from the segmentation of the banking …
Persistent link: https://www.econbiz.de/10009467834
model and partial adjustment/Markov expectations model, this study finds that the U.S. banking industry data from 1987:1 to …
Persistent link: https://www.econbiz.de/10009430827
monetary hegemony of the United States: power of high finance, reign of the dollar and global chaos -- Chapter 3. Europe …
Persistent link: https://www.econbiz.de/10013349747
Persistent link: https://www.econbiz.de/10013460077
Finance is in the midst of a paradigm shift, from a neoclassical based framework to a psychologically based framework …. Behavioral finance is the application of psychology to financial decision making and financial markets. Behavioralizing finance … in behavioral finance, and identifies both its strengths and weaknesses. In doing so, it identifies possible directions …
Persistent link: https://www.econbiz.de/10010693712
This monograph sets the stage for experiments by first examining a sample data set that looks very much like the typical historical data one gathers from the field, only it was actually generated in the laboratory so that we know what really went on. The example demonstrates how misleading the...
Persistent link: https://www.econbiz.de/10010883377
This dissertation consists of three essays concerning entrepreneurship, venture capital and monetary economics. It takes time for a venture capitalist to find a project in which to invest, to implement projects and to cash out. Further, capitalists and entrepreneurs are uncertain about whom they...
Persistent link: https://www.econbiz.de/10009438446
The dissertation consists of four chapters. The first chapter presents a model that incorporates product market competition into the standard neoclassical framework. The model explains why value-maximizing firms conduct mergers that appear to lower shareholder value. In a Cournot setting, the...
Persistent link: https://www.econbiz.de/10009438450
Most discrete time literature uses the beta that results from a regression of an asset's simple returns on various factors to quantify risk. The departing point for this thesis is the consistent use of log-returns. When log-returns are considered, the relevant measure of systematic risk becomes...
Persistent link: https://www.econbiz.de/10009438502
My dissertation investigates the internal capital allocation decision of a multidivision firm by building a model and testing the theoretical predictions using segment level investment data. It contains three chapters. The first chapter studies how distortions in internal capital allocations can...
Persistent link: https://www.econbiz.de/10009438725