Stronger Risk Controls, Lower Risk: Evidence from US Bank Holding
... at these institutions. We find that BHCs with a high RMI in the year 2006 (i.e., before the onset of the financial crisis) had lower exposure to private-label mortgage-backed securities, were less active in trading off-balance sheet derivatives, had a smaller fraction of non-performing loans, and ha ...
... at these institutions. We find that BHCs with a high RMI in the year 2006 (i.e., before the onset of the financial crisis) had lower exposure to private-label mortgage-backed securities, were less active in trading off-balance sheet derivatives, had a smaller fraction of non-performing loans, and ha ...
Capital structure and volatility of risk
... called volatility of implied volatility (VIV). All our results are implemented both of these measures of volatility of volatility. We rank firms in deciles according to our volatility of volatility measures (both VRV and VIV) and we find that the firms in the higher deciles issue monotonically small ...
... called volatility of implied volatility (VIV). All our results are implemented both of these measures of volatility of volatility. We rank firms in deciles according to our volatility of volatility measures (both VRV and VIV) and we find that the firms in the higher deciles issue monotonically small ...
Global Economic Prospects
... any content or error in this translation. Adaptations—If you create an adaptation of this work, please add the following disclaimer along with the attribution: This is an adaptation of an original work by The World Bank. Views and opinions expressed in the adaptation are the sole responsibility of t ...
... any content or error in this translation. Adaptations—If you create an adaptation of this work, please add the following disclaimer along with the attribution: This is an adaptation of an original work by The World Bank. Views and opinions expressed in the adaptation are the sole responsibility of t ...
Prospectus (27 October 2014)
... any of the risk factors described below would be realized. Investors are therefore recommended to make their own evaluation of the significance of the Group’s business and future development of the risk factors below as well as other potential risks. The risk factors are described at Group level. Co ...
... any of the risk factors described below would be realized. Investors are therefore recommended to make their own evaluation of the significance of the Group’s business and future development of the risk factors below as well as other potential risks. The risk factors are described at Group level. Co ...
2015 Form 10-K - HPE Investor Relations
... incorrect, the results of Hewlett Packard Enterprise Company and its consolidated subsidiaries ("Hewlett Packard Enterprise") may differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statemen ...
... incorrect, the results of Hewlett Packard Enterprise Company and its consolidated subsidiaries ("Hewlett Packard Enterprise") may differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statemen ...
Pulling the Trigger: Default Option Exercise over the Business Cycle*
... Hemert, 2009). That same literature also acknowledges that mortgage borrowers do not always default when facing negative equity (see, for example, Vandell, 1995; Deng and Quigley, 2002; Deng and Gabriel ...
... Hemert, 2009). That same literature also acknowledges that mortgage borrowers do not always default when facing negative equity (see, for example, Vandell, 1995; Deng and Quigley, 2002; Deng and Gabriel ...
The use of intangible assets as loan collateral
... firm’s operations), as well as tangible assets. However, over the last several years loans are also secured solely by intangibles. I examine four hypotheses to test how economic considerations influence lenders’ and borrowers’ decision to use intangible assets as loan collateral. To the extent that ...
... firm’s operations), as well as tangible assets. However, over the last several years loans are also secured solely by intangibles. I examine four hypotheses to test how economic considerations influence lenders’ and borrowers’ decision to use intangible assets as loan collateral. To the extent that ...
Download attachment
... the Financial Services and Markets Act 2000 (the FSMA)) which has not been authorised, recognised or otherwise approved by the Financial Services Authority. Accordingly, this Base Prospectus is not being distributed to, and must not be passed on to, the general public in the United Kingdom. The dist ...
... the Financial Services and Markets Act 2000 (the FSMA)) which has not been authorised, recognised or otherwise approved by the Financial Services Authority. Accordingly, this Base Prospectus is not being distributed to, and must not be passed on to, the general public in the United Kingdom. The dist ...
Book of Proceedings
... internal environment, are essential for the growth and development of organizations, both in private and public sector. In Serbia, as in many other countries that were faced with the transition process, which began in the late twentieth century, it was necessary to perform a number of different orga ...
... internal environment, are essential for the growth and development of organizations, both in private and public sector. In Serbia, as in many other countries that were faced with the transition process, which began in the late twentieth century, it was necessary to perform a number of different orga ...
IOSR Journal of Business and Management (IOSR-JBM)
... Commission (SEC) and National Insurance Commission (NICOM) should ensure that the insurance companies do not make their shareholders worse- off than they were before the mergers and acquisitions exercise through effective monitoring. Keywords: Merger, Acquisition, shareholders – wealth, Pre and Post ...
... Commission (SEC) and National Insurance Commission (NICOM) should ensure that the insurance companies do not make their shareholders worse- off than they were before the mergers and acquisitions exercise through effective monitoring. Keywords: Merger, Acquisition, shareholders – wealth, Pre and Post ...
words
... $108 million and $191 million, respectively, on accounting principles generally accepted in the United States of America (“US GAAP”) actual basis. Our 2011 pro forma revenue (calculated as if all companies acquired in 2011 had been acquired as of January 1, 2011) was approximately $215 million. Our ...
... $108 million and $191 million, respectively, on accounting principles generally accepted in the United States of America (“US GAAP”) actual basis. Our 2011 pro forma revenue (calculated as if all companies acquired in 2011 had been acquired as of January 1, 2011) was approximately $215 million. Our ...
Herman J. Bierens - Personal.psu.edu
... credit risk of a portfolio of risky bonds. This is especially relevant for banks, pension funds, insurance companies, and bond mutual funds. However, the literature on portfolio credit risk is still new, especially in the area of empirical studies. In this paper, we examine the time series behavior ...
... credit risk of a portfolio of risky bonds. This is especially relevant for banks, pension funds, insurance companies, and bond mutual funds. However, the literature on portfolio credit risk is still new, especially in the area of empirical studies. In this paper, we examine the time series behavior ...
Document
... In this Annual Report, we disclose and explain our material financial and non-financial results, strategy, governance, external developments and the risks and opportunities ABN AMRO faces. ...
... In this Annual Report, we disclose and explain our material financial and non-financial results, strategy, governance, external developments and the risks and opportunities ABN AMRO faces. ...
From strength to strength
... 2013 was another very successful year for SES. With our sustained investments in the SES satellite fleet, we continued to lay the foundation for the expansion of our business into vibrant developing countries and promising new vertical market segments. Our services businesses also continued to thriv ...
... 2013 was another very successful year for SES. With our sustained investments in the SES satellite fleet, we continued to lay the foundation for the expansion of our business into vibrant developing countries and promising new vertical market segments. Our services businesses also continued to thriv ...
The Stock Market, Credit, and Capital Formation
... in any meaning other than that which they have been assigned in the newest Keynesian language. The present book adheres to pre-Keynesian language, employing terms such as Saving and Hoarding in the traditional sense (corresponding most nearly to D. H. Bobertson's definitions). In order to avoid misu ...
... in any meaning other than that which they have been assigned in the newest Keynesian language. The present book adheres to pre-Keynesian language, employing terms such as Saving and Hoarding in the traditional sense (corresponding most nearly to D. H. Bobertson's definitions). In order to avoid misu ...
The Initial Public Offering Handbook
... transactions, asset acquisitions and dispositions, initial public offerings, follow-on offerings, PIPE and 144A transactions, private placements and venture capital financings. He is a frequent speaker on corporate and securities law matters. Mr. Allison received his A.B. in Economics and Government ...
... transactions, asset acquisitions and dispositions, initial public offerings, follow-on offerings, PIPE and 144A transactions, private placements and venture capital financings. He is a frequent speaker on corporate and securities law matters. Mr. Allison received his A.B. in Economics and Government ...
Money Laundering Using New Payment Methods
... will compare and contrast the “potential risks” described in the 2006 report to the “actual risks” based on new case studies and typologies. Not all potential risks identified in 2006 were backed up by case studies. This does not mean that those risks are no longer of concern, and jurisdictions shou ...
... will compare and contrast the “potential risks” described in the 2006 report to the “actual risks” based on new case studies and typologies. Not all potential risks identified in 2006 were backed up by case studies. This does not mean that those risks are no longer of concern, and jurisdictions shou ...
Corporate Bond Portfolios - European Financial Management
... in an inefficient allocation of resources, but also in sudden outflows, and increased odds of instability in that industry (Feroli et al. (2014) and Goldstein, Jiang, and Ng (2016)). The construction of an optimal corporate bonds portfolio presents interesting conceptual challenges. The traditional ...
... in an inefficient allocation of resources, but also in sudden outflows, and increased odds of instability in that industry (Feroli et al. (2014) and Goldstein, Jiang, and Ng (2016)). The construction of an optimal corporate bonds portfolio presents interesting conceptual challenges. The traditional ...
Financialization
Financialization is a term sometimes used in discussions of the financial capitalism that has developed over the decades between 1980 and 2010, in which financial leverage tended to override capital (equity), and financial markets tended to dominate over the traditional industrial economy and agricultural economics.Financialization describes an economic system or process that attempts to reduce all value that is exchanged (whether tangible or intangible, future or present promises, etc.) into a financial instrument. The intent of financialization is to be able to reduce any work product or service to an exchangeable financial instrument, like currency, and thus make it easier for people to trade these financial instruments.Workers, through a financial instrument such as a mortgage, may trade their promise of future work or wages for a home. The financialization of risk sharing is what makes possible all insurance. The financialization of a government's promises (e.g., US government bonds) is what makes possible all government deficit spending. Financialization also makes economic rents possible.