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Essays on the financial governance of firms

Wilson, Linus; Roberts, Kevin W. S. - 2007

Four essays, or chapters, model the capital structure, governance, and investment decisions as part of a sequential game. Each chapter is separate in its context, assumptions, and conclusions. The titles of the chapters are below.Abstracts of each essay or chapter can be found at the beginning...

Persistent link: https://www.econbiz.de/10009441487

Estimating the term structure with a semi-parametric Bayesian population model: An application to corporate bonds

Cruz Marcelo, Alejandro - 2010

The term structure of interest rates is used to price defaultable bonds and credit derivatives, as well as to infer the quality of bonds for risk management purposes. We introduce a new framework for estimating the term structure of interest rates for corporate bonds. The proposed model jointly...

Persistent link: https://www.econbiz.de/10009441853

Essays in financial risk management

Ergen, Ibrahim - 2010

In Chapter 1, the usefulness of Extreme Value Theory (EVT) methods, GARCH models, and skewed distributions in market risk measurement is shown by predicting and backtesting the one-day-ahead VaR for emerging stock markets and the S&P 500 index. It has been found that the conventional risk...

Persistent link: https://www.econbiz.de/10009441855

Institutions and development: Evidence from Vietnam

Nguyen, Nguyen An - 2009

The dissertation is composed of three papers on institutions and development, with special focus on Vietnam. The first paper, "Club Good and Contract Enforcement," investigates the contract enforcement power of the communities whose members participate voluntarily. By investing in club goods,...

Persistent link: https://www.econbiz.de/10009441917

Shareholder distribution choices for industrial companies listed on the JSE : share buybacks versus dividends

Bester, P. G. - 2008

ENGLISH ABSTRACT: Repurchasing of shares by South African companies were legalised on 1 July 1999.This introduced an alternative to dividends for distributing cash to shareholders.Although dividends and share repurchases realise the same value in a perfect efficientmarket, the inefficiencies of...

Persistent link: https://www.econbiz.de/10009442030

Die invloed van finansiele bestuur op entrepreneuriese gedrag in die kernbesigheid van akademiese instellings

Brooks, Mathys Johannes - 2007

AFRIKAANSE OPSOMMING: Instellings vir hoër onderwys is unieke organisasies deurdat hul grootste groep kliënte verdeel is in twee heterogene groepe met uiteenlopende behoeftes naamlik die staat en die algemene publiek. Hierdie twee primêre kliënte is onderskeidelik verantwoordelik vir die...

Persistent link: https://www.econbiz.de/10009442032

The effect of the changing economical environment on the capital structure of South African listed industrial firms

Mans, Nadia - 2010

ENGLISH ABSTRACT:The determinants of capital structure form an important part of the finance profession … rate, repo rate, inflation rate, exchange rates and thetax rate when conducting finance decisions, since these factors … whenconducting finance decisions. …

Persistent link: https://www.econbiz.de/10009442033

The effect of firm characteristics and economic factors on the capital structure of South African listed industrial firms

De Vries, Annalien - 2010

ENGLISH ABSTRACT: The objective of almost all firms should be to maximise the wealth of shareholders.To achieve this goal, firms should use an optimal combination of debt and equity,which will consequently result in the lowest weighted average cost of capital. Firmstherefore need to determine...

Persistent link: https://www.econbiz.de/10009442045

Relationship between corporate governance and firm performance : an African perspective

Kyereboah-Coleman, Anthony - 2007

firms with larger institutional shareholding employ fewer outside directors. Firms in the finance sector were seen to employ …

Persistent link: https://www.econbiz.de/10009442062

Credit guarantee schemes and the support of small businesses in Lesotho

Lepolesa, Gerard - 2008

materials, lack of skills, etc.However, access to finance is frequently cited as the most prominent problem facing theSMEs …. Access to finance is defined as the easiness to access credit from financialinstitutions and the costs associated with … (ComprehensiveExport Finance Scheme) was administered by the Central Bank of Lesotho throughLesotho National Development Cooperation …

Persistent link: https://www.econbiz.de/10009442065