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Arbitraging the Basel securitization framework : evidence from German ABS investment
Efing, Matthias - 2016
This paper provides evidence for regulatory arbitrage within the class of asset-backed securities (ABS) based on … with the highest yield and the lowest collateral performance among ABS with the same regulatory risk weight. This reaching …
Persistent link: https://www.econbiz.de/10011975264
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Arbitraging the Basel securitization framework : evidence from German ABS investment
Efing, Matthias - 2015
This paper provides evidence for regulatory arbitrage within the class of assetbacked securities (ABS) based on …
Persistent link: https://www.econbiz.de/10011391709
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Arbitraging the Basel Securitization Framework : evidence from German ABS investment
Efing, Matthias - 2014
yield. Studying securitization exposures on the balance sheets of German banks, I show evidence consistent with this …
Persistent link: https://www.econbiz.de/10011293796
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Arbitraging the Basel Securitization Framework : Evidence from German Abs Investment
Efing, Matthias - 2016
This paper provides evidence for regulatory arbitrage within the class of assetbacked securities (ABS) based on …
Persistent link: https://www.econbiz.de/10012988659
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Arbitraging the Basel Securitization Framework : Evidence from German ABS Investment
Efing, Matthias - 2021
This paper provides evidence for regulatory arbitrage within the class of asset-backed securities (ABS) based on … with the highest yield and the lowest collateral performance among ABS with the same regulatory risk weight. This reaching …
Persistent link: https://www.econbiz.de/10013248849
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Venture Capitalist Directors and Managerial Incentives
Litov, Lubomir P.; Liu, Xia (Summer); Megginson, William L. - 2021
-taking incentives (i.e., vega) and greater pay-for-performance sensitivity (i.e., delta). These effects are more substantial if VC …
Persistent link: https://www.econbiz.de/10013211007
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Venture Capitalist Directors and Managerial Incentives
Litov, Lubomir P.; Liu, Xia (Summer); Megginson, William L. - 2022
-taking incentives (i.e., vega) and pay-for-performance sensitivity (i.e., delta). These effects are more substantial if VC directors are … instrument, we show that these results are causal. In addition, VC directors are more focused on growth performance goals in CEO …
Persistent link: https://www.econbiz.de/10013313542
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IPOs cycle and investment in high-tech industries
Bouis, Romain - 2003
This paper analyses the effects of the Initial Public Offering (IPO) market on real investment decisions in emerging industries. We first propose a model of IPO timing based on divergence of opinion among investors and short-sale constraints. Using a real option approach, we show that firms are...
Persistent link: https://www.econbiz.de/10010298253
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Are IPOs of different VCs different?
Tykvová, Tereza; Walz, Uwe - 2004
This paper aims to analyze the impact of different types of venture capitalists on the performance of their portfolio …
Persistent link: https://www.econbiz.de/10010298255
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Hidden liquidity: Determinants and impact
Cebiroğlu, Gökhan; Horst, Ulrich - 2012
We cross-sectionally analyze the presence of aggregated hidden depth and trade volume in the S&P 500 and identify its key determinants. We find that the spread is the main predictor for a stock's hidden dimension, both in terms of traded and posted liquidity. Our findings moreover suggest that...
Persistent link: https://www.econbiz.de/10010281537