Similar Search Results

Bankruptcy and Failure of Lehman Brothers : A Study on Modus Operandi, Prevention Technique and a Way Forward

Joshi, Urja - 2023

The financial industry is the 'heart and soul' of a healthy economy. As with the infamous 'Titanic,' it was generally regarded as 'too large to fail'. As was the case with the massive ship, which was preparing for an emergency, the financial industry lacked adequate resolution methods to deal...

Persistent link: https://www.econbiz.de/10014254713

Liquidity Management and Financial Performance of Deposit Money Banks in Nigeria

Joseph, Idolor Eseoghene; Adelegan, Oluyomi - 2023

The study empirically investigates the impact of liquidity management on financial performance of deposit money bank in …

Persistent link: https://www.econbiz.de/10014254720

Systemic Illiquidity Noise-Based Measure - A Solution for Systemic Liquidity Monitoring in Frontier and Emerging Markets

Dziwok, Ewa; Karas, Marta - 2023

liquidity risk characteristics. The analysis also illustrates the impact of the introduction of the euro on systemic illiquidity …

Persistent link: https://www.econbiz.de/10014254721

Creditor Control Rights and the Pricing of Corporate Loans

Arnold, Marc; Kollmann, Nicola; Tengulov, Angel - 2023

This study investigates the influence of creditor control rights on the pricing of corporate loans. We construct a novel dataset that combines hand-collected covenant violations data with individual borrowers, creditors, and loan contract information. Our data allows us to distinguish between...

Persistent link: https://www.econbiz.de/10014254754

Zooming in on Distress Risk : Bankruptcy vs. Other Failures

Xing, Yuhang; Yu, Yan; Zhu, Xiaorui - 2023

Bankruptcy and delisting due to other failures are two closely related yet sharplydifferent distress events. Using a state-of-the-art adaptive Lasso variable selectionmethod, we identify two different models for bankruptcy risk and other-failure risk.Both selected models gain better...

Persistent link: https://www.econbiz.de/10014254830

Liquid Co-Illiquidity Management

Rzeznik, Aleksandra; Hvidkjaer, Soeren; Massa, Massimo - 2023

We study the link between illiquidity and co-movement in illiquidity and the way asset managers trade off illiquidity and co-illiquidity in their portfolio allocation decision. By exploring two experiments – the 2005 SHO Regulation and the 2008 short selling ban – we document that in the...

Persistent link: https://www.econbiz.de/10014254831

Strategic Liquidity Provision in High-Frequency Trading

Hayashi, Takaki; Nishide, Katsumasa - 2023

fast trader, who has an advantage in trade frequency, acts as a liquidity provider, taking the opposite position against …

Persistent link: https://www.econbiz.de/10014254833

Managing Liquidity of Emerging Markets Corporate Debt

Vladimirova, Desislava; Schiereck, Dirk; Stroh, Maximilian - 2023

-adjusted returns, but to be illiquid. This study expands the empirical evidence by examining the liquidity of EM debt by solving a … triangular structured system. We find EM bond liquidity to both share common determinants with developed markets (DM) and be … influenced by macroeconomic factors. As the overall level of liquidity is lower to DM, we propose a liquidity estimation model …

Persistent link: https://www.econbiz.de/10014254876

Reversals and the Returns to Liquidity Provision

Dai, Wei; Medhat, Mamdouh; Novy-Marx, Robert; Rizova, Savina - 2023

Different aspects of liquidity impact the performance of short-run reversals in different ways, consistent with the …

Persistent link: https://www.econbiz.de/10014254905

Calculating Corporate Default Risk : Zombie Firm Model

Hiphanna, Rika; Dalimunthe, Zuliani - 2023

This study aims to determine the effect of financial literacy on millennials' investment choice preferences. This study uses advanced financial literacy measurement in three dimensions: financial knowledge, financial attitude, and financial behavior. Meanwhile, investment choices are deposits,...

Persistent link: https://www.econbiz.de/10014254909