Showing 1 - 10 of 150
a decomposition of EU banks.stock returns to cash-flow and expected return news components. The main findings are that … relatively more important for larger than for smaller banks. Moroever, variables used in the literature as cash-flow proxies … explain a higher share of the cash-flow component of the total excess returns for smaller than for larger EU banks. This …
Persistent link: https://www.econbiz.de/10003375090
Persistent link: https://www.econbiz.de/10000356855
Persistent link: https://www.econbiz.de/10001409341
Persistent link: https://www.econbiz.de/10001377749
Persistent link: https://www.econbiz.de/10001393458
This paper offers a new explanation for the prevalent use of convertible securities in venture capital finance. Convertible securities can be used to endogenously allocate cash flow rights as a function of the realized quality of the project. This property can be used to mitigate the double...
Persistent link: https://www.econbiz.de/10009781712
Persistent link: https://www.econbiz.de/10010426637
Wir zeigen am Beispiel von Tracking Stocks Probleme und Fehlanreize auf, für die durch die Wahl einer komplexen Finanzierung Raum geschaffen wird. Derartige Nachteile werden naturgemäß nicht herausgearbeitet, wenn im Rahmen geeigneter Modellüberlegungen eine Erklärung für die Existenz von...
Persistent link: https://www.econbiz.de/10011281512
Persistent link: https://www.econbiz.de/10000990727
Persistent link: https://www.econbiz.de/10001412017