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Effects of Derivatives on Bank Risk
Yang, Dong-Hoon; Song, Inman; Yi, Junesuh; Yoon, Young-Hyeon - In: Review of Pacific Basin Financial Markets and Policies … 09 (2006) 02, pp. 275-295
This study investigates the empirical relationship between the use of derivatives by Korean banks and risk. In doing so …' derivatives are, on average, associated with two measures of risk in negative ways. The evidence is consistent with the …
Persistent link: https://www.econbiz.de/10005080739
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The Impact of Warrant Introduction: The Australian Experience
Clarke, Michael; Gannon, Gerard; Vinning, Russell - In: Review of Pacific Basin Financial Markets and Policies … 14 (2011) 02, pp. 213-269
fields of market efficiency and pricing of derivatives. The major findings of significant negative abnormal returns …
Persistent link: https://www.econbiz.de/10009143993
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Responses to Criticisms of Taxes on Financial Speculation
Baker, Dean - Center for Economic and Policy Research (CEPR) - 2010
Although the national debate on financial transactions taxes has just begun, there have been a wide range of responses arguing that the tax is either undesirable or unenforceable, or both. This paper presents a brief response to these criticisms.
Persistent link: https://www.econbiz.de/10008623386
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The Deficit-Reducing Potential of a Financial Speculation Tax
Baker, Dean - Center for Economic and Policy Research (CEPR) - 2011
deficit in the decades ahead, most have not included a financial speculation tax (FST) in the mix. This seems peculiar since …
Persistent link: https://www.econbiz.de/10008800898
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The Conundrum of Hedge Fund Definition
Nabilou, Hossein - 2017
This Article attempts to define hedge funds and to distinguish them from a variety of similar investment funds. After reviewing the hedge fund definition in the U.S. and the EU, this Article argues that the current regulatory framework, which defines hedge funds by reference to what they are not...
Persistent link: https://www.econbiz.de/10012968010
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Corporate Production and Hedging Decisions Under Dodd-Frank and EMIR
Lehrbass, Frank - 2014
We explore the consequences from the two regulatory frameworks Dodd-Frank and EMIR for industrial corporates. We point out that - by falling under the clearing obligation - not only the corporate's option to decide freely on its positioning within the well-known “Risk Triangle” is...
Persistent link: https://www.econbiz.de/10013047941
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Commercial Banks and Value Relevance of Derivative Disclosures after SFAS 133: Evidence from the USA
Siregar, Dona; Anandarajan, Asokan; Hasan, Iftekhar - In: Review of Pacific Basin Financial Markets and Policies … 16 (2013) 01, pp. 1350004-1
In the last decade there has been a significant increase in the use of derivatives as a vehicle to manage financial … risk. The sudden spurt of derivatives has resulted in the Financial Accounting Standards Board (FASB) being forced to … Financial Accounting Standards (SFAS 133). SFAS 133 requires all derivatives, without exception and regardless of the accounting …
Persistent link: https://www.econbiz.de/10010661027
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Transparency — An Empirical Study Using Taiwan Stock Exchange Data
Lin, Chiou-Fa - In: Review of Pacific Basin Financial Markets and Policies … 09 (2006) 01, pp. 129-147
Understanding the impacts of transparency in capital markets is important for determining the trading mechanism and for evaluating market efficiency and market fairness. The recent reforms covering trade transparency on the Taiwan Stock Exchange give us an opportunity to address and examine the...
Persistent link: https://www.econbiz.de/10005080773
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Information asymmetry, capital structure and equity value of firms listed on the WSE
Gralewska, Milena; Białek-Jaworska, Anna - In: Journal of banking and financial economics 17 (2022) 1, pp. 17-41
The paper investigates the impact of capital structure and information asymmetry on the value of companies listed on the Warsaw Stock Exchange. The study was conducted using the ordinary least squares (OLS) method on a sample of 273 companies in 2017 and the GMM dynamic paneldata approach with...
Persistent link: https://www.econbiz.de/10013348209
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Asymmetric Information and Market Decline: Evidence from the Chinese Market
Narayan, Paresh Kumar; Zheng, Xinwei - In: Review of Pacific Basin Financial Markets and Policies … 15 (2012) 03, pp. 1250019-1
In this paper, we show that aggregate illiquidity is a priced risk factor on the Shanghai Stock Exchange (SHSE). We develop the relationship between the illiquidity factor, asymmetric information, and market decline. Our empirical results show that while the illiquidity factor is a source of...
Persistent link: https://www.econbiz.de/10010583652