household debt and unemployment
... results are also in line with the findings of Dobbie and Goldsmith-Pinkham (2015), who find that limited recourse for mortgage debt—i.e. household limited liability—leads to a decrease in the employment rate.7 Brown and Matsa (forthcoming) find that an increase in an employer’s distress results in f ...
... results are also in line with the findings of Dobbie and Goldsmith-Pinkham (2015), who find that limited recourse for mortgage debt—i.e. household limited liability—leads to a decrease in the employment rate.7 Brown and Matsa (forthcoming) find that an increase in an employer’s distress results in f ...
household debt and unemployment
... results are also in line with the findings of Dobbie and Goldsmith-Pinkham (2015), who find that limited recourse for mortgage debt—i.e. household limited liability—leads to a decrease in the employment rate.7 Brown and Matsa (forthcoming) find that an increase in an employer’s distress results in f ...
... results are also in line with the findings of Dobbie and Goldsmith-Pinkham (2015), who find that limited recourse for mortgage debt—i.e. household limited liability—leads to a decrease in the employment rate.7 Brown and Matsa (forthcoming) find that an increase in an employer’s distress results in f ...
Adverse Selection, Liquidity, and Market Breakdown
... In the recent crisis of 2007-2009, the market for securities backed by subprime mortgages was the …rst to su¤er a sudden dry up in liquidity. Among possible explanations for market freezes are increased uncertainty and information asymmetries about the value of assets. In particular, the di¢ culty i ...
... In the recent crisis of 2007-2009, the market for securities backed by subprime mortgages was the …rst to su¤er a sudden dry up in liquidity. Among possible explanations for market freezes are increased uncertainty and information asymmetries about the value of assets. In particular, the di¢ culty i ...
Deconstructing Equity: Public Ownership, Agency Costs, and
... Econ. Rev. 350, 366 (1998) [hereinafter Scholes, Derivatives]. 17. Jensen & Meckling, supra note 4, at 356. 18. Myron Scholes first raised this possibility in 1995, positing that firms would substitute less costly derivative instruments for equity capital, increasing their reliance on internal funds ...
... Econ. Rev. 350, 366 (1998) [hereinafter Scholes, Derivatives]. 17. Jensen & Meckling, supra note 4, at 356. 18. Myron Scholes first raised this possibility in 1995, positing that firms would substitute less costly derivative instruments for equity capital, increasing their reliance on internal funds ...
Cross-sectional volatility and return dispersion
... of cross-sectional volatility have a significant association with the distribution of active manager returns. We further show that these observations are neither unique to U.S. equities nor merely a product of the "technology bubble"; they are observable in several equity markets. Cross-Sectional Vo ...
... of cross-sectional volatility have a significant association with the distribution of active manager returns. We further show that these observations are neither unique to U.S. equities nor merely a product of the "technology bubble"; they are observable in several equity markets. Cross-Sectional Vo ...
The Performance of Norwegian Investment Grade
... performance, net of expenses. To our knowledge, Gjerde and Sættem (1996) is the only paper providing evidence from the Norwegian market. Compared to the BRIX-‐index,3 they conclude on non-‐superior performance ...
... performance, net of expenses. To our knowledge, Gjerde and Sættem (1996) is the only paper providing evidence from the Norwegian market. Compared to the BRIX-‐index,3 they conclude on non-‐superior performance ...
World Vision Australia - Social Impact Investing Submission
... framework for classifying assets according to their risk/return features, there are few frameworks for grouping impact investments. This makes it difficult for investors to identify impact investments that match their financial and impact expectations, and hinders those seeking to attract impact cap ...
... framework for classifying assets according to their risk/return features, there are few frameworks for grouping impact investments. This makes it difficult for investors to identify impact investments that match their financial and impact expectations, and hinders those seeking to attract impact cap ...
acknowledgement - Entrance Exams Notifications 2017
... The principal objective was to create a development financial institution for providing medium-term and long-term project financing to Indian businesses. In the 1990s, ICICI transformed its business from a development financial institution offering only project finance to a diversified financial ser ...
... The principal objective was to create a development financial institution for providing medium-term and long-term project financing to Indian businesses. In the 1990s, ICICI transformed its business from a development financial institution offering only project finance to a diversified financial ser ...
OTC Derivatives Presentation
... • Under a Swap Agreement, a party may be able to suspend performance under a transaction without terminating the agreement (Section 2(a)(iii)) ...
... • Under a Swap Agreement, a party may be able to suspend performance under a transaction without terminating the agreement (Section 2(a)(iii)) ...
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
... In the food processing business, an end of year sales order backlog is not considered meaningful. Traditionally, larger customers provide tentative bookings for their expected purchases for the upcoming season. These bookings are further developed as data on the expected size of the related national ...
... In the food processing business, an end of year sales order backlog is not considered meaningful. Traditionally, larger customers provide tentative bookings for their expected purchases for the upcoming season. These bookings are further developed as data on the expected size of the related national ...
Small Firm Use of Debt: An Examination of the Smallest Small Firms
... Administration every five years. The 1993 NSSBF is the most recent for which data are publicly available. This study provides a national sample of over 4,000 privately owned small businesses, with "small" being defined as fewer than 500 employees. It includes balance sheet and income statement data ...
... Administration every five years. The 1993 NSSBF is the most recent for which data are publicly available. This study provides a national sample of over 4,000 privately owned small businesses, with "small" being defined as fewer than 500 employees. It includes balance sheet and income statement data ...
Investor Sentiment and Chinese A
... regulations and the investor composition. In China, the quality of financial data about listed companies are not reliable and it is not fully developed about the stock market‟s framework of regulatory. One of the most special institutional characters of the Chinese A-share stock market is the absolu ...
... regulations and the investor composition. In China, the quality of financial data about listed companies are not reliable and it is not fully developed about the stock market‟s framework of regulatory. One of the most special institutional characters of the Chinese A-share stock market is the absolu ...
Tick Size and Institutional Trading Costs: Evidence from Mutual Funds
... reducing the tick size on retail investors, one must examine mutual fund trading costs. We measure changes in mutual fund trading costs over the two recent tick size reductions in U.S. equity markets: the switch from eighths to sixteenths in June 1997, then to pennies over the period August 2000 to ...
... reducing the tick size on retail investors, one must examine mutual fund trading costs. We measure changes in mutual fund trading costs over the two recent tick size reductions in U.S. equity markets: the switch from eighths to sixteenths in June 1997, then to pennies over the period August 2000 to ...
Information on risk, own funds and capital requirements
... Discussion of the overall risk profile, with key indicators and figures have been included in the Management Report, in the chapter on risk management. Article 435.2.a the number of directorships held by members of the management body Every Board Member holds 1 directorship. Article 435.2.b the ...
... Discussion of the overall risk profile, with key indicators and figures have been included in the Management Report, in the chapter on risk management. Article 435.2.a the number of directorships held by members of the management body Every Board Member holds 1 directorship. Article 435.2.b the ...
November 2016 - JOM Fund Management
... since the end of 2013 been an owner in Vietnam’s leading car sales company Savico, whose ...
... since the end of 2013 been an owner in Vietnam’s leading car sales company Savico, whose ...
Working Papers Center for International Development at Harvard University
... opposed to international bank loans or portfolio investment is a more useful way to transfer technology and managerial know-how. As some concrete examples, Table 2 shows the total amount of inward foreign direct investment, foreign bank loans, portfolio capital inflows, and their ratios for New Zeal ...
... opposed to international bank loans or portfolio investment is a more useful way to transfer technology and managerial know-how. As some concrete examples, Table 2 shows the total amount of inward foreign direct investment, foreign bank loans, portfolio capital inflows, and their ratios for New Zeal ...
re-prioritizing priority sector lending in india
... foreign banks. While capital infusion into public sector banks by the Government allows them to lend to priority sectors in spite of high non-performing assets (NPAs), the situation is quite different for private and foreign banks which do not have the luxury of such Government support. The policy ...
... foreign banks. While capital infusion into public sector banks by the Government allows them to lend to priority sectors in spite of high non-performing assets (NPAs), the situation is quite different for private and foreign banks which do not have the luxury of such Government support. The policy ...
How and Why Credit Rating Agencies are not Like Other Gatekeepers
... “reputational intermediaries”); see also Stephen Choi, Market Lessons for Gatekeepers, 92 Nw. U. L. Rev. 916, 934-49 (1998); Reinier H. Kraakman, Gatekeepers: The Anatomy of a Third-Party Enforcement Strategy, 2 J.L. Econ. & Org. 53 (1986); Ronald J. Gilson & Ranier H. Kraakman, The Mechanisms of Ma ...
... “reputational intermediaries”); see also Stephen Choi, Market Lessons for Gatekeepers, 92 Nw. U. L. Rev. 916, 934-49 (1998); Reinier H. Kraakman, Gatekeepers: The Anatomy of a Third-Party Enforcement Strategy, 2 J.L. Econ. & Org. 53 (1986); Ronald J. Gilson & Ranier H. Kraakman, The Mechanisms of Ma ...
Market Liquidity after the Financial Crisis
... our analysis faces several limitations. Most importantly, our review of corporate bond liquidity relies on trades that have occurred, and does not account for any trades that have not taken place due to changes in the regulatory environment or other factors. Future work should thus consider both a w ...
... our analysis faces several limitations. Most importantly, our review of corporate bond liquidity relies on trades that have occurred, and does not account for any trades that have not taken place due to changes in the regulatory environment or other factors. Future work should thus consider both a w ...
Should Tender Offer Arbitrage Be Regulated
... persist for long and usually represent only temporary lags on the part of the covertible security in catching up with changes in the price of its equivalent. Moreover, the price differential is usually so small as to make this form of arbitrage profitable only for those who can deal in volume with l ...
... persist for long and usually represent only temporary lags on the part of the covertible security in catching up with changes in the price of its equivalent. Moreover, the price differential is usually so small as to make this form of arbitrage profitable only for those who can deal in volume with l ...
capital requirements and bank behaviour: the impact of
... increasing sophistication of the banks and the development of new innovative techniques in the market, the largest banks have started to find ways of avoiding the limitation which fixed capital requirements place on their risk-taking relative to their capital. For certain banks, this is undoubtedly ...
... increasing sophistication of the banks and the development of new innovative techniques in the market, the largest banks have started to find ways of avoiding the limitation which fixed capital requirements place on their risk-taking relative to their capital. For certain banks, this is undoubtedly ...
IMF Global Financial Stability Report (GFSR) April 2013
... risks, thereby contributing to global financial stability and the sustained economic growth of the IMF’s member countries. Risks to financial stability have declined since the October 2012 GFSR, providing support to the economy and prompting a rally in risk assets. These favorable conditions reflect ...
... risks, thereby contributing to global financial stability and the sustained economic growth of the IMF’s member countries. Risks to financial stability have declined since the October 2012 GFSR, providing support to the economy and prompting a rally in risk assets. These favorable conditions reflect ...
hedge fund headlines mislead
... The flow of capital to passive investment management has negatively affected growth in the hedge fund industry. ...
... The flow of capital to passive investment management has negatively affected growth in the hedge fund industry. ...
