Showing 21 - 30 of 662,967
make external financing costly, the optimal contract between shareholders and employees involves some degree of risk …
Persistent link: https://www.econbiz.de/10012892088
The increase in cost due to inflation has been a concern in the construction industry. In long-term projects, it becomes even more essential to know the cost for future planning and budget approval. This study attempts to adopt the probabilistic approach to put forth the prediction of cost...
Persistent link: https://www.econbiz.de/10012895483
Purchase obligations are forward contracts with suppliers and are used more broadly than traded commodity derivatives. This paper is the first to document that these contracts are a risk management tool and have a material impact on corporate hedging activity. Firms that expand their risk...
Persistent link: https://www.econbiz.de/10012958576
This paper explores the sources of counterparty risk in material supply relationships. Using long-term supply contracts collected from SEC filings, we test whether three sources of counterparty risk — financial exposure, product quality risk, and redeployability risk — are priced in the...
Persistent link: https://www.econbiz.de/10013032218
given period, after having observed her income, the agent can walk away from the contract, while the intermediary cannot, i … intermediaries. Insurance can be provided because in an equilibrium contract an up-front payment effectively locks in the agent with … an intermediary. We then show that our contract economy is equivalent to a consumption-savings economy with one …
Persistent link: https://www.econbiz.de/10012468559
Persistent link: https://www.econbiz.de/10012056042
Purchase obligations are forward contracts with suppliers and are used more broadly than traded commodity derivatives. This paper is the first to document that these contracts are a risk management tool and have a material impact on corporate hedging activity. Firms that expand their risk...
Persistent link: https://www.econbiz.de/10012969141
This paper deals with the risk of opportunism – the usual risk in economic exchanges. The breach of contract is …
Persistent link: https://www.econbiz.de/10014178200
This paper outlines practical issues regarding the application of the long term contracts for Polish accounting environment. A review of the auditing methods and its application for the derivatives and multi-periods treatment was examined. The tax and accounting reference gap has been discussed
Persistent link: https://www.econbiz.de/10013118762
This paper examines the sharing of risk under three different remedies for breach of contract. The risk considered …. By means of a numerical example, it is shown that use of the prevailing remedy for breach of contract -- the expectation …
Persistent link: https://www.econbiz.de/10013223596