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Estructura de financiamiento: ¿cuánta deuda debería incorporar en mi empresa?

Rubio, Fernando - Volkswirtschaftliche Fakultät, … - 2006

Structure of financing: How much debt should I incorporate in my firm? The article studies some aspects related to the … structure of financing. Particularly, it analyzes if is good to be gotten into debt and, in case that it be, in which conditions … a business should incorporate debt. As a framework, the contribution of Modigliani and Miller is utilized. Then, a …

Persistent link: https://www.econbiz.de/10005616765

Behind the Greek default and restructuring of 2012

Porzecanski, Arturo C. - Volkswirtschaftliche Fakultät, … - 2012

the country’s creditworthiness. Therefore, a default and debt restructuring were inevitable sooner or later—and certainly … budget deficit and public debt figures. The prosaic tale of the supposed inevitability of the Greek tragedy has been endorsed … about 50 percent of the time. Does that tell you something?” In reality, Greece’s road to default and debt restructuring in …

Persistent link: https://www.econbiz.de/10011258123

Strategies on initial public offering of company equity at stock exchanges in imperfect highly volatile global capital markets with induced nonlinearities

Ledenyov, Dimitri O.; Ledenyov, Viktor O. - Volkswirtschaftliche Fakultät, … - 2014

This research considers the strategies on the initial public offering of company equity at the stock exchanges in the imperfect highly volatile global capital markets with the nonlinearities. We provide the IPO definition and compare the initial listing requirements on the various markets. We...

Persistent link: https://www.econbiz.de/10011258000

The analytical framework for identifying and benchmarking systemically important financial institutions in Europe

Karkowska, Renata - Volkswirtschaftliche Fakultät, … - 2014

The aim of this article is to identify systemically important banks on a European scale, in accordance with the criteria proposed by the supervisory authorities. In this study we discuss the analytical framework for identifying and benchmarking systemically important financial institutions. An...

Persistent link: https://www.econbiz.de/10011107825

Rescue costs and financial risk

Estrada, Fernando - Volkswirtschaftliche Fakultät, … - 2014

Following Taleb/Tapiero (2009) , the hypotheses are contrasted based on partial information of firms had losses (including external risk factors); the policy implications of this analysis are projected after evaluating two fundamental issues that continue to preoccupy the public opinion: how...

Persistent link: https://www.econbiz.de/10011108272

Is the Central and Eastern European banking systems stable? Evidence from the recent financial crisis

Karkowska, Renata - Volkswirtschaftliche Fakultät, … - 2014

Systemic risk is a very important but very complex notion in banking and how to measure it adequately is challenging. We introduce a new framework for measuring systemic risk by using a risk-adjusted balance sheet approach. The measure models credit risk of banks as a put option on bank assets,...

Persistent link: https://www.econbiz.de/10011108947

Assessing the Financial Failure Using Z-Score and Current Ratio: A Case of Sugar Sector Listed Companies of Karachi Stock Exchange

Ijaz, Muhammad Shahzad; Hunjra, Ahmed Imran; Hameed, Zahid - Volkswirtschaftliche Fakultät, … - 2013

Since 1968, after the development of multivariate model, financial health of the corporate sector to predict their financial failure is heavily studied. Altman Z-Score is the most efficient model to judge the financial failure of the companies. This study uses Altman’s Z-Score and current...

Persistent link: https://www.econbiz.de/10011109770

An Economic Examination of Collateralization in Different Financial Markets

Xiao, Tim - Volkswirtschaftliche Fakultät, … - 2012

This paper attempts to assess the economic significance and implications of collateralization in different financial markets, which is essentially a matter of theoretical justification and empirical verification. We present a comprehensive theoretical framework that allows for collateralization...

Persistent link: https://www.econbiz.de/10011109791

Rescate y costos del riesgo financiero

Estrada, Fernando - Volkswirtschaftliche Fakultät, … - 2014

First externalities risk due to the size of the companies or the principle that large companies are also at risk of bankruptcy (too big to fail) are examined. The problem is illustrated by a case in which extreme risks with negative consequences for savers and investors are taken. If we...

Persistent link: https://www.econbiz.de/10011110979

Systemic Liquidity Crisis with Dynamic Haircuts

Sever, Can - Volkswirtschaftliche Fakultät, … - 2014

In this paper, using network tools, I analyse systemic impacts of liquidity shocks in interbank market in case of endogenous haircuts. Gai, Haldane and Kapadia (2011) introduce a benchmark for liquidity crisis following haircut shocks, and Gorton and Metrick (2010) reveal the evidence from...

Persistent link: https://www.econbiz.de/10011111629