Similar Search Results

The Determinants of International Commercial Real Estate Investment

Lieser, Karsten - 2014

We examine the determinants of international commercial real estate investment using a unique set of panel data series for 47 countries worldwide, covering the period from 2000 to 2009. We explore how different socio-economic, demographic and institutional characteristics affect commercial real...

Persistent link: https://www.econbiz.de/10013054727

How Diversified are Equity Mutual Funds?

Bello, Zakri - 2010

The paper investigates the degree to which the domestic equity mutual fund is diversified, and attempts to determine the extent to which any undiversified idiosyncratic risk, i.e. unsystematic or company specific risk is associated with the average fund returns. The sample consists of mutual...

Persistent link: https://www.econbiz.de/10013148961

The Determinants of International Commercial Real Estate Investment

Lieser, Karsten - 2013

Persistent link: https://www.econbiz.de/10013079999

Cointegration and the Relationship between Pension Liabilities and Asset Prices

Cardinale, Mirko - 2006

The relationship between salary linked liabilities and asset prices is at the heart of the debate about risk management for pension funds. a positive realtionship between active liabilities and equity returns will increase the attractiveness of holding equity in a pension fund portfolio. This...

Persistent link: https://www.econbiz.de/10014059156

Dividend Policy and Investor Pressure

Driver, Ciaran F.; Grosman, Anna; Scaramozzino, Pasquale - 2021

The economics of dividend policy has focused on the single tight narrative that dividends keep managers honest, mitigating concerns that they over-invest. This article provides a critique of that agency narrative, arguing that pressure from short-term focused investors, executives and board...

Persistent link: https://www.econbiz.de/10013241046

Abnormal Returns in Equity Markets : Evidence from a Dynamic Indexing Strategy

Alexander, Carol - 2003

This paper investigates the abnormal return generated through a dynamic equity indexing strategy and the extent to … dispersion and show that it is a leading indicator for the abnormal return, where their relationship is based on a switching … process of two market regimes. The entire abnormal return is associated with only one of the regimes and this is the prevalent …

Persistent link: https://www.econbiz.de/10012740122

Systemic Risk of the Consumer Credit Network across Financial Institutions

Kim, Hyun Hak - 2019

We investigate a network of financial institutions in Korea using the Korea Consumer Credit Panel (KCCP). The main contribution of this paper is that we construct the network of financial institution from the consumer credit level. We assume each consumer make a loan from multiple institutions...

Persistent link: https://www.econbiz.de/10012862787

A Climate Stress-Test of the Financial System

Battiston, Stefano; Mandel, Antoine - 2020

The urgency of estimating the impact of climate risks on the financial system is increasingly recognized among scholars and practitioners. By adopting a network approach to financial dependencies, we look at how climate policy risk might propagate through the financial system. We develop a...

Persistent link: https://www.econbiz.de/10012855741

Financial Fragility in Retail-NBFCs

Anshuman, V. Ravi - 2020

This study examines the financial fragility of the Retail Non-Banking Financial Companies (Retail-NBFCs) sector. We show that the liquidity crunch in Retail-NBFCs stemmed from their over-dependence on short-term wholesale funding from Liquid Debt Mutual Funds (LDMFs) and the low level of...

Persistent link: https://www.econbiz.de/10012838844

Impact of Pension Plan Funding Status on M&A Activity

Kumar, Jayesh - 2012

This study examines the role of pension plan funding status on Mamp;A activity of acquiring/target firms in a large sample of UK corporations. We exploit the funding status of the defined benefit pension plans in order to identify, the dependence of corporate activity in mergers and acquisition...

Persistent link: https://www.econbiz.de/10012713203