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that happened elsewhere. Exception were the Tier I structured bonds issued by local banks. -- structured bond ; derivative …The severe political turmoil provoked by an allegedly mispriced private bond issue in Greece added to the controversial … matter of whether prices of structured bonds sold to investors are "fair" or not. In this paper structured bond market is …
Persistent link: https://www.econbiz.de/10010009068
Investment professionals, particularly financial analysts or security analysts evaluate securities and try to determine characteristics of securities and to identify mispriced securities. For that purpose they use different models to estimate the intrinsic value of the common stocks. Traditional...
Persistent link: https://www.econbiz.de/10010185798
In this paper we study the possible effect it may have concerning the use of financial derivatives in the evolution of the share price of Mexican non-financial corporations, whether such contracts are used for hedging financial risks or for trading. The first part is a review of the literature...
Persistent link: https://www.econbiz.de/10010049034
Exchange-traded funds (ETFs) exist for stock, bond and commodity markets. In most cases the underlying feature of an …
Persistent link: https://www.econbiz.de/10009958835
This paper explores the state of formal and informal equity sources currently available for financing entrepreneurial activity in Chile. By integrating theoretical perspectives regarding formal and informal equity funding and information gathered from the Global Entrepreneurship Monitor (GEM)...
Persistent link: https://www.econbiz.de/10009959092
This paper explores the productivity differential between return migrants (“Sea Turtles”) and non-migrants through a case study of China’s venture capital (VC) industry. I find that even after correcting for selection bias, return venture capitalists are less productive than comparable...
Persistent link: https://www.econbiz.de/10010148479
Eine Finanztransaktionssteuer kann neben der Finanzmarktregulierung das zentrale Instrument sein, um die Finanzmärkte in Zukunft wieder robuster zu machen. Wenn sie breit angelegt ist, zielt sie auf die Eindämmung von Regulierungsarbitrage, Blitzhandel, überaktivem Portfolio-Management und...
Persistent link: https://www.econbiz.de/10010079358
The sovereign credit ratings provided by credit rating agencies have great impact on a country's access to credit markets. To gain access to international credit markets, a country usually seeks ratings from the three biggest international credit rating agencies: Standard & Poor's, Moody's, and...
Persistent link: https://www.econbiz.de/10010058697
Key role of credit rating agencies is reducing the asymmetry information about credit quality (of governments, business entities or securities) between issuers and investors, and ensuring a common standard of measuring the creditworthiness. Credit rating agencies are engaged in the sale of...
Persistent link: https://www.econbiz.de/10010058703
Numerous studies have discussed that even if fundamental for innovation and economic growth, SMEs are often financially more constrained than large firms. Therefore, venture capitalists are often the only available sources of financing to small and young companies. Through the analysis of a...
Persistent link: https://www.econbiz.de/10010009080