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Armenia Banking and Insurance Sector : Key Issues and Recommendations for Development

Mu, Yibin - 2004

This paper analyzes some major developmental issues in the specific areas of the Armenian banking sector (particularly raised by the Armenian authorities) and insurance sector and provides recommendations for addressing those issues. The paper argues that over the past seven years, the Armenian...

Persistent link: https://www.econbiz.de/10012738427

Measuring Risk in the Hedge Fund Sector

Adrian, Tobias - 2007

Recent high correlations among hedge fund returns could suggest concentrations of risk comparable to those preceding the hedge fund crisis of 1998. A comparison of the current rise in correlations with the elevation before the 1998 event, however, reveals a key difference. The current increase...

Persistent link: https://www.econbiz.de/10012775924

Sovereign Ceilings 'Lite'? The Impact of Sovereign Ratings on Corporate Ratings in Emerging Market Economies

Borensztein, Eduardo - 2007

Although credit rating agencies have gradually moved away from a policy of never rating a private borrower above the sovereign (the sovereign ceiling) it appears that sovereign ratings remain a significant determinant of the credit rating assigned to corporations. We examine this link using data...

Persistent link: https://www.econbiz.de/10012777194

The Determinants of Hedging and Derivatives Activities by U.S. Commercial Banks

Sinkey, Joseph F. - 1999

This paper examines empirical evidence pertaining to the hedging and derivatives activities of U.S. commercial banks …. Because banks use derivatives for hedging, dealing, or both, the framework for the analysis includes both contemporary … theories of banking and of hedging behavior. Although the growth in the use of derivatives by banks has been explosive, it has …

Persistent link: https://www.econbiz.de/10012790139

The Persistence of Opportunistic Insider Trading

Cline, Brandon N. - 2017

We document that corporate insiders' trading behavior exhibits persistence over time. Classifying insiders as “Persistently Profitable (PP)” based on profits generated from historical trades, we find the current transactions of these insiders better predict firm performance. The relative...

Persistent link: https://www.econbiz.de/10012959142

Mercadona a Global Corporate Finance Case : Teaching Note

Sánchez-Verdasco, Javier - 2017

the forecasted financial ratios and the different financing alternatives will be analysed; 4) hedging strategies will be ….e. only financial analysis, or hedging strategies or valuation could be studied independently). The case includes an Excel …

Persistent link: https://www.econbiz.de/10012959623

Financial Regulators and the World Need Blockchains

Hwang, Jong Ho - 2019

This paper argues that blockchains or, more broadly, distributed ledgers provide the first viable avenue toward a common economic and financial ledger where, in an envisioned end-state, all economic actors record all their economic assets/liabilities and economic transactions in one virtual...

Persistent link: https://www.econbiz.de/10012903555

100 Research Ideas : Extending the Frontiers of Research in Corporate Finance

Ang, James S. - 2019

Where can one systematically find research ideas? I propose a scheme to classify and broadly generalize the sources of inspiration for research topics, with emphasis on corporate finance. In the process, I propose 100 new research topics awaiting the brave and persistent

Persistent link: https://www.econbiz.de/10012889800

The Equity Premium Puzzle : An Artificial Neural Network Approach

Wong, Shee Q. - 2019

This paper presents evidence suggesting that artificial neural networks approach (ANNs) outperform traditional statistical methods and can forecast equity premiums reasonably well. The study replicates out-of-sample estimates of regression using ANN with economic fundamentals as inputs. The...

Persistent link: https://www.econbiz.de/10012895878

Coin-Operated Capitalism

Cohney, Shaanan - 2019

This Article presents the legal literature's first detailed analysis of the inner workings of Initial Coin Offerings. We characterize the ICO as an example of financial innovation, placing it in kinship with venture capital contracting, asset securitization, and (obviously) the IPO. We also take...

Persistent link: https://www.econbiz.de/10012898759