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Four Essays on Debt Securitization and Entrepreneurial Finance
Weber, Thomas - 2008
about the quality of securitized debt between originator and investors. Investors insist on credit enhancements which … and the credit spread of the lowest rated tranche.Chapter 2 analyzes the premia of tranches in synthetic CDO …-transactions. These premia are credit spreads on top of the risk free interest rate and compensate investors for the expected annualized …
Persistent link: https://www.econbiz.de/10009471846
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Internationale Verschuldungskrisen, die Kreditvergabepolitik des IWF und Schuldner-Moral-Hazard : eine Analyse aus vertragstheoretischer Sicht
Frech, Tim - 2005
Als zentralem Bestandteil der internationalen Finanzarchitektur kommt dem Internationalen Währungsfonds (IWF) heutzutage immer öfter die Aufgabe zu, bei Verschuldungskrisen souveräner Staaten, insbesondere weit fortgeschrittener Schwellen- und Transformationsländer, als multilateraler...
Persistent link: https://www.econbiz.de/10009471827
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A Macroeconomic Approach to a Firm's Capital Structure
Katagiri, Mitsuru - 2011
In this paper, I investigate the logic behind cross sectional dispersion of firm's capital structure. I incorporate the trade off between tax benefits and financial distress costs into a dynamic general equilibrium model with heterogeneous firms and their endogenous entry/exit, and compute an...
Persistent link: https://www.econbiz.de/10009438735
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Essays in Capital Structure
Yang, Jie - 2010
The costs and constraints to financing, and the factors that influence them, play critical roles in the determination of corporate capital structures. Chapter 1 estimates firm-specific marginal cost of debt functions for a large panel of companies between 1980 and 2007. The marginal cost curves...
Persistent link: https://www.econbiz.de/10009475439
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Empirische Analysen zur betrieblichen Weiterbildung unter besonderer Berücksichtigung der Betriebsgröße
Stegmaier, Jens - 2011
Bildungspolitische Fragen haben in den letzten Jahren eine verstärkte Aufmerksamkeit erfahren. Auch der beruflichen und hier insbesondere der betrieblichen Weiterbildung wird vor dem Hintergrund des Paradigmas des „lebenslangen Lernens“ eine zunehmende Bedeutung eingeräumt. In der...
Persistent link: https://www.econbiz.de/10009451136
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Essays in Behavioral and Experimental Economics
Dürsch, Peter - 2010
Kooperation in einem einmaligen Spiel. Darüber hinaus finden wir keinen Hinweis darauf, dass Risikoaversion ein Faktor ist …
Persistent link: https://www.econbiz.de/10009476200
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Risk Preferences and Demand for Insurance in Peru: A Field Experiment
Galarza, Francisco B.; Carter, Michael R. - 2010
shocks. In a context of collateralized formal credit markets, we provide suggestive evidencethat insurance may help reduce …
Persistent link: https://www.econbiz.de/10009446167
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Reinsurance Contracting with Adverse Selection and Moral Hazard: Theory and Evidence
Yan, Zhiqiang - 2009
This dissertation includes two essays on adverse selection and moral hazard problems in reinsurance markets. The first essay builds a competitive principal-agent model that considers adverse selection and moral hazard jointly, and characterizes graphically various forms of separating Nash...
Persistent link: https://www.econbiz.de/10009463429
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Analisis Pengaruh Kredit Dan Suku Bunga Dalam Upaya Meningkatkan Pertumbuhan Ekonomi Sumatera Utara Pada PT. Bank Sumut Tahun 1989-2008
Prima, Dolly - 2011
This research titled "Analysis of Influence of Credit and Interest Rate Increase Economic Growth in Disability Sumatera … determine the influence of credit and interest rate of economic growth in 1989-2008 of North Sumatra. This research uses … that the higher credit demand, then economic growth will increase. Meanwhile, the higher the interest rate, then economic …
Persistent link: https://www.econbiz.de/10009464536
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UK executive pay: the special case of executive bonuses
Fattorusso, Jay - 2006
Executive pay research has traditionally focused on salary, severance payments and longtermincentives. A systematic rigorous empirical examination of short-term annualbonuses is lacking. To address this omission, this research empirically examines therelationship between short-term bonuses and...
Persistent link: https://www.econbiz.de/10009461122