BANKS` ACQUISITION OF PRIVATE INFORMATION ABOUT
... identify signals diagnostic of financial misreporting earlier than other outside capital providers. Early identification of these signals allows banks to price the added risk and tailor contractual terms to safeguard their loans in a timely manner.2 The counterargument is that misreporting firms3 wi ...
... identify signals diagnostic of financial misreporting earlier than other outside capital providers. Early identification of these signals allows banks to price the added risk and tailor contractual terms to safeguard their loans in a timely manner.2 The counterargument is that misreporting firms3 wi ...
Title of presentation
... backtest the performance of P2P based on historical bank loan performance data ...
... backtest the performance of P2P based on historical bank loan performance data ...
Turning a Blind Eye: Wall Street Finance of Predatory Lending
... onerous loan payments, lose or cannot maintain their homes, cities must contend with abandoned and deteriorating properties, which strain city resources and threaten the vitality and stability of neighborhoods. 12 Given securitization's role in enabling and perpetuating predatory lending, we contend ...
... onerous loan payments, lose or cannot maintain their homes, cities must contend with abandoned and deteriorating properties, which strain city resources and threaten the vitality and stability of neighborhoods. 12 Given securitization's role in enabling and perpetuating predatory lending, we contend ...
united states securities and exchange commission
... assumptions could prove inaccurate. The forward-looking statements also involve risks and uncertainties, which could cause actual results to differ materially from those contained in any forward-looking statement. Many of these factors are beyond Piedmont’s ability to control or predict. Such factor ...
... assumptions could prove inaccurate. The forward-looking statements also involve risks and uncertainties, which could cause actual results to differ materially from those contained in any forward-looking statement. Many of these factors are beyond Piedmont’s ability to control or predict. Such factor ...
comparative analysis of functional food producers` profitability in
... significantly, but the main cause of fall in net profit was a drop in financial income that resulted in higher net financial expenses. The EBIT margin has a trend which is similar to the net profit margin ratio. The return on asset ratio increased in the period from 2010 to 2012. In 2013 it decrease ...
... significantly, but the main cause of fall in net profit was a drop in financial income that resulted in higher net financial expenses. The EBIT margin has a trend which is similar to the net profit margin ratio. The return on asset ratio increased in the period from 2010 to 2012. In 2013 it decrease ...
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
... uncertainties and contingencies, many of which are beyond our control. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. We are under no duty to and do not take any obligation to update any fo ...
... uncertainties and contingencies, many of which are beyond our control. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. We are under no duty to and do not take any obligation to update any fo ...
Three Essays on The Term Structure of Interest Rates
... neutral investors, the indirect risk premium effect does not play any role. However, when investors are risk averse, it is necessary to evaluate both the direct and indirect risk premium effects in order to study how the foreign exchange rate changes when the domestic short-term interest rate change ...
... neutral investors, the indirect risk premium effect does not play any role. However, when investors are risk averse, it is necessary to evaluate both the direct and indirect risk premium effects in order to study how the foreign exchange rate changes when the domestic short-term interest rate change ...
The Credit Spread Puzzle - Myth or Reality?
... spread predictions and fitting to historical default frequencies to low statistic power, we test the Merton model in a bias-free approach. Specifically, we calculate a Merton spread for each transaction, compute an average, and compare with the average actual spread. To our knowledge Eom, Helwege, a ...
... spread predictions and fitting to historical default frequencies to low statistic power, we test the Merton model in a bias-free approach. Specifically, we calculate a Merton spread for each transaction, compute an average, and compare with the average actual spread. To our knowledge Eom, Helwege, a ...
Uncertainty shocks, asset supply and pricing over the business cycle
... costs that encourage dividend smoothing, as well as an upward sloping marginal cost of debt that is familiar from the ”tradeoff theory” of capital structure. In particular, issuing additional debt is cheaper than raising equity at low levels of debt, but eventually becomes more expensive as debt inc ...
... costs that encourage dividend smoothing, as well as an upward sloping marginal cost of debt that is familiar from the ”tradeoff theory” of capital structure. In particular, issuing additional debt is cheaper than raising equity at low levels of debt, but eventually becomes more expensive as debt inc ...
RISK MANAGEMENT
... Given the conditions noted above, the Bank’s asset portfolio again saw little negative impact from deterioration in the creditworthiness of corporate customers. We also continued to improve the quality of our real estate loan portfolio, centered on nonrecourse loans, by reducing our exposure to high ...
... Given the conditions noted above, the Bank’s asset portfolio again saw little negative impact from deterioration in the creditworthiness of corporate customers. We also continued to improve the quality of our real estate loan portfolio, centered on nonrecourse loans, by reducing our exposure to high ...
optimal capital structure
... comparable issues. Our result reveals that the companies do not use any mathematical model when deciding their capital structure but they do consider many important factors. The business and financial risk have the largest impact on the decision even though there are individual variations. Tradition ...
... comparable issues. Our result reveals that the companies do not use any mathematical model when deciding their capital structure but they do consider many important factors. The business and financial risk have the largest impact on the decision even though there are individual variations. Tradition ...
Chapter 2: A Further Look at Financial Statements
... in cash or sold or consumed in the business within one year of the balance sheet date or the company's operating cycle, whichever is longer. Current assets are listed in the order of liquidity. That is, in the order in which they are expected to be converted into cash. ...
... in cash or sold or consumed in the business within one year of the balance sheet date or the company's operating cycle, whichever is longer. Current assets are listed in the order of liquidity. That is, in the order in which they are expected to be converted into cash. ...
Are banks still special when there is a secondary market for loans?
... 1 suggests that the secondary loan market was quite resilient during the recent financial crisis. For example, secondary market trading volume during 2008 was only 6.9% lower than in 2007 (see Section II for details). This is in sharp contrast to the dramatic decline in the market for structured fin ...
... 1 suggests that the secondary loan market was quite resilient during the recent financial crisis. For example, secondary market trading volume during 2008 was only 6.9% lower than in 2007 (see Section II for details). This is in sharp contrast to the dramatic decline in the market for structured fin ...
Bondch6s
... constantly trying to raise funds in the financial market. As we discussed in Chapter 3, the Treasury sells a number of short-term, intermediate, and long-term securities. Which securities the Treasury uses to finance federal deficit affects not only the yield curve for Treasury securities, but also ...
... constantly trying to raise funds in the financial market. As we discussed in Chapter 3, the Treasury sells a number of short-term, intermediate, and long-term securities. Which securities the Treasury uses to finance federal deficit affects not only the yield curve for Treasury securities, but also ...
Intermediary Asset Pricing
... households pull out of mutual funds because they have delivered low past returns, and mutual funds in turn are forced to liquidate their asset holdings (as in Shleifer and Vishny, 1997). In both cases, the key dynamic of the model is that low specialist wealth states lead households to withdraw fun ...
... households pull out of mutual funds because they have delivered low past returns, and mutual funds in turn are forced to liquidate their asset holdings (as in Shleifer and Vishny, 1997). In both cases, the key dynamic of the model is that low specialist wealth states lead households to withdraw fun ...
IMF Staff Report 2016 Article IV Consultation Curacao and Sint
... stable financial sector is also critical to supporting economic growth and private sector activities. Capacity building is needed to strengthen public institutions. Policy implementation has been greatly challenged by capacity issues in both islands, as in most other Caribbean small states. Investme ...
... stable financial sector is also critical to supporting economic growth and private sector activities. Capacity building is needed to strengthen public institutions. Policy implementation has been greatly challenged by capacity issues in both islands, as in most other Caribbean small states. Investme ...
Lecture 3b Ch 11 Mortgage Markets
... Mortgage loan contracts contain many legal terms that need to be understood. Most protect the lender from financial loss. • PMI: insurance against default by the borrower • Qualifications: includes credit history, employment history, etc., to determine the borrowers ability to repay the mortgage as ...
... Mortgage loan contracts contain many legal terms that need to be understood. Most protect the lender from financial loss. • PMI: insurance against default by the borrower • Qualifications: includes credit history, employment history, etc., to determine the borrowers ability to repay the mortgage as ...
The American Mortgage in Historical and International Context
... Before the Great Depression, the single-family home mortgage was a very different instrument. Until the 1930s, residential mortgages in the United States were available only for a short term (typically 5–10 years) and featured “bullet” payments of principal at term. Unless borrowers could find means ...
... Before the Great Depression, the single-family home mortgage was a very different instrument. Until the 1930s, residential mortgages in the United States were available only for a short term (typically 5–10 years) and featured “bullet” payments of principal at term. Unless borrowers could find means ...
Pulling the Trigger: Default Option Exercise over the Business Cycle*
... Next, we seek to explain variation in the negative equity beta time-‐series. We find that changes in borrower default behavior can be explained in part by measures of economic activit ...
... Next, we seek to explain variation in the negative equity beta time-‐series. We find that changes in borrower default behavior can be explained in part by measures of economic activit ...
DENTON COUNTY FRESH WATER SUPPLY DISTRICT NO. 11
... The Bonds, when issued, will be payable from the proceeds of an annual ad valorem tax, without legal limit as to rate or amount, levied against all taxable property within the District. The Bonds are offered when, as and if issued by the District, subject among other things to the approval of the ...
... The Bonds, when issued, will be payable from the proceeds of an annual ad valorem tax, without legal limit as to rate or amount, levied against all taxable property within the District. The Bonds are offered when, as and if issued by the District, subject among other things to the approval of the ...
building the case for social investment in credit unions
... uncommon and limited to a small pool of investors who place a high value on social impact. A partnership between credit unions and social investment should be natural: credit unions play an important role in providing a community finance alternative to mainstream banks and building societies, and in ...
... uncommon and limited to a small pool of investors who place a high value on social impact. A partnership between credit unions and social investment should be natural: credit unions play an important role in providing a community finance alternative to mainstream banks and building societies, and in ...