Showing 1 - 10 of 1,344
Persistent link: https://www.econbiz.de/10010387969
Persistent link: https://www.econbiz.de/10010409997
Persistent link: https://www.econbiz.de/10011441022
Persistent link: https://www.econbiz.de/10011327638
Use of variability of profits and other accounting-based ratios in order to estimate a firm's risk of insolvency is a well-established concept in management and economics. This paper argues that these measures fail to approximate the true level of risk accurately because managers consider other...
Persistent link: https://www.econbiz.de/10013016777
This article proposes the estimation of marginal cost of individual firms using semiparametric and nonparametric methods. These methods have a number of appealing features when applied to cost functions. The empirical analysis uses data from a unique sample of the California electricity industry...
Persistent link: https://www.econbiz.de/10012980722
By examining the impact of capital regulation on bank risk-taking using a local estimation technique, we are able to quantify the heterogeneous response of banks towards this type of regulation in banking sectors of western-type economies. Subsequently, using this information on the bank-level...
Persistent link: https://www.econbiz.de/10013117037
In this paper we reconsider the formal estimation of the risk of financial intermediaries. Risk is modeled as the variability of the profit function of a representative intermediary, here bank, as formally considered in finance theory. In turn, banking theory suggests that risk is determined...
Persistent link: https://www.econbiz.de/10013105163
Persistent link: https://www.econbiz.de/10009655679
Persistent link: https://www.econbiz.de/10010381852