Results 251 to 260 of about 794,183 (302)

Asset Market Structure and Growth [PDF]

open access: yes, 2000
In this paper we illustrate the possible normative relevance of the links between human capital and financial assets via an example related to growth. Human capital investments occur in a risky environment, in that they are subject to aggregate uncertainty. Agents are heterogenous in their income streams, and this generates different risk attitudes and
Pighi Braila, Alessandro Turrini
openaire   +2 more sources

Demographic Structure and Asset Returns [PDF]

open access: possibleReview of Economics and Statistics, 2001
This paper investigates the association between population age structure, particularly the share of the population in the ‘prime saving years’ (40 to 64), and the returns on stocks and bonds. The paper is motivated by recent claims that the aging of the ‘baby boom’ cohort is a key factor in explaining the recent rise in asset values, and by predictions
openaire   +1 more source

Intangible assets and capital structure

Journal of Banking & Finance, 2014
With intangible assets representing at least one third of U.S. corporate assets and one half of annual investment, it is important to understand to what extent intangible assets support debt. Some characteristics of intangible assets, such as high valuation risk and poor collateralizability, can discourage debt financing.
Steve C. Lim   +2 more
openaire   +1 more source

Firm Asset Structure and Risk Aversion

SSRN Electronic Journal, 2022
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
openaire   +1 more source

Structural Assets of a Tumor Suppressor

Science, 1999
PTEN is one of the most frequently mutated tumor suppressor proteins in human cancer. Many investigators are interested in what this protein does and how disruption of its activity enables cells to circumvent growth control. In a Perspective, Tonks and Myers discuss the recent publication of the crystal structure of PTEN and what the structure ...
N K, Tonks, M P, Myers
openaire   +2 more sources

ASSET DEPENDENCY STRUCTURES AND PORTFOLIO INSURANCE STRATEGIES

International Journal of Theoretical and Applied Finance, 2021
The estimation of the multiplier parameter of portfolio insurance strategies is crucial for its implementation because it determines the risk exposure to the performance-seeking asset (PSA) at each point in time. Studies that address the estimation of the multiplier’s upper bound have been limited to strategies that use as the safe asset a short-term ...
DANIEL MANTILLA-GARCIA   +3 more
openaire   +2 more sources

Capital Structure with Asset Flexibility

SSRN Electronic Journal, 2018
The ability of equityholders/managers to partially control the earnings stream by temporarily shutting down to avoid negative earnings has an enormous effect on the choice of capital structure. Increasing switching costs reduces operating flexibility, and reduced operating flexibility implies less use of debt, but only up to a point beyond which the ...
Peter H. Ritchken, Qi Wu
openaire   +1 more source

Asset-Based Structured Finance of Infrastructure Projects

SSRN Electronic Journal, 2023
N ...
Pinto, João M.   +1 more
openaire   +2 more sources

Asset Securitization and Optimal Asset Structure of the Firm

SSRN Electronic Journal, 2001
The process of asset securitization is a new and innovative financing method used for funding and risk management purposes. Evolved over the last few decades, securitization represents a substantial and established part of US and global capital markets. In addition to its importance as a financial and asset restructuring tool, securitization originated
openaire   +1 more source

Capital Structure and Assets: Effects of an Implicit Collateral

European Financial Management, 2007
Abstract This paper analyses a firm's capital structure choice when assets have outside value. Valuable assets implicitly provide a collateral and increase tax shield exploitation. The key feature in this paper is asset value uncertainty, implying that it is unknown ex ante whether the equity holders ex post optimally sell the assets or re‐optimise the
openaire   +2 more sources

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