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Valuing illiquid and "hard to value" assets
Larsen, David L. - In: Journal of securities operations & custody 6 (2014) 3, pp. 234-239
Persistent link: https://www.econbiz.de/10010345138
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Do financial distress and liquidity crises affect value and size premiums?
Elgammal, Mohammed Mohammed; Bas, Tugba; Gough, Orla; … - In: Applied economics 48 (2016) 37/39, pp. 3734-3751
Persistent link: https://www.econbiz.de/10011621164
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Endogenous Debt Maturity : Liquidity Risk vs. Default Risk
Manuelli, Rodolfo E. - 2019
projects with positive but small net present value, firms may be forced to default in the first phase. We call this liquidity …
Persistent link: https://www.econbiz.de/10012897314
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Endogenous debt maturity : liquidity risk vs. default risk
Manuelli, Rodolfo E.; Sanchez, Juan M. - 2018
Persistent link: https://www.econbiz.de/10011950510
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The collateral spread puzzle : why do repo rates often exceed unsecured rates?
Nyborg, Kjell G. - 2024
Persistent link: https://www.econbiz.de/10014581693
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Liquidity, Distress Risk and Asset Pricing Implications
Zou, Qiqi - 2016
measure that captures company distress levels more accurately. It is found that liquidity, proxied by a trading noise …-to-default measures. When our new liability and liquidity adjusted measure is used, a clearer picture of distress premium emerges. Our …
Persistent link: https://www.econbiz.de/10012990993
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The aporetic financialisation of insurance liabilities : reserving under Solvency II
Fytros, Charalampos - In: Finance and society 7 (2021) 1, pp. 20-39
The valuation of insurance liabilities has traditionally been dealt with by actuaries, who closely monitored underlying illiquid features, assumed a long-term perspective, and exercised their own subjective, expert judgment. However, the new EU regulatory regime of Solvency II (S2) has come to...
Persistent link: https://www.econbiz.de/10013194083
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The paradox of liquidity
Myers, Stewart C.; Rajan, Raghuram Govind - 1995
Persistent link: https://www.econbiz.de/10000927327
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Economic Valuation of Liquidity Timing
Karstanje, Dennis - 2014
This paper provides a comprehensive economic evaluation of the short-horizon predictive ability of liquidity on monthly … empirical models based on different liquidity measures and find three key results: liquidity timing leads to tangible economic … liquidity measures to one that conditions on the Zeros measure (Lesmond, Ogden, and Trzcinka, 1999); the Zeros measure …
Persistent link: https://www.econbiz.de/10013064471