Results 31 to 40 of about 826,285 (125)
Sharing longevity risk: Why governments should issue longevity bonds [PDF]
Government-issued longevity bonds would allow longevity risk to be shared efficiently and fairly between generations. In exchange for paying a longevity risk premium, the current generation of retirees can look to future generations to hedge their ...
Cairns, Andrew +2 more
core
ABSTRACT This study investigates the impact of the implementation of Electronic Benefit Transfer (EBT) on Supplemental Nutrition Assistance Program (SNAP) participation using Panel Study of Income Dynamics (PSID) data from 1992 to 2007. The findings indicate a significant increase (1.6% for our benchmark model) in SNAP participation post‐EBT ...
Pei Zhou +5 more
wiley +1 more source
Devising a non-standard convertible zero-coupon bond to enhance corporate governance [PDF]
This research paper brings forward a non-standard convertible zero-coupon bond endowed with a set of distinctive features attached to it so as to strengthen the corporate governance of the issuer, namely that conversion actually takes place at maturity ...
Rodolfo Apreda
core
Ecosystem Orchestration Work in the Digital Transformation of Ecosystems
ABSTRACT Developing the right structure of interdependence is crucial to determining orchestrators' success in digitally transforming ecosystems and deepening value creation. Although firms' digitally transforming ecosystems represent a recent yet fast‐growing phenomenon, the current literature offers limited theoretical insights and empirical guidance
Leonardo Augusto de Vasconcelos Gomes +4 more
wiley +1 more source
Taxation and bond market investment strategies: Evidence from the market for Government of Canada bonds [PDF]
This paper shows that, contrary to the suggestion of some investment advisors, for an individual Canadian investor subject to personal income taxation, the after-tax yield on a discount bond is always higher (or, at worse, equal) to the yield on a ...
Landon, Stuart, Smith, Constance
core
Dynamic Debt With Intensity‐Based Models
ABSTRACT This article proposes a dynamic debt model where the face value of debt can change. In particular, our dynamic debt setting allows debt changes ruled by intensity processes that are linked to the firm value through the correlation between the stochastic processes. Analytical solutions are obtained, and we extend the proposed dynamic debt model
João Miguel Reis, José Carlos Dias
wiley +1 more source
PREDICTING COUPON USE FROM SHOPPER DEMOGRAPHIC AND BEHAVIORAL CHARACTERISTICS [PDF]
We surveyed of grocery shoppers in the Northeast United States to measure how demographic characteristics and consumer behavior affect the use of four coupon types (paper, in-store, checkout, and online).
Park, Kristen, Gomez, Miguel I.
core
VALUASI COUPON BOND DENGAN COMPOUND OPTION CALL ON CALL [PDF]
Obligasi sebagai salah satu sekuritas berpendapatan tetap (fixed income sesurities) merupakan investasi yang menarik di bidang finansial. Perkembangan teori obligasi pun berkembang pesat dari berbagai bidang ilmu, antara lain ekonomi, komputasi, maupun ...
core +1 more source
Mathematical Models for the Longevity Risk in the Annuity Market [PDF]
The markets for longevity derivatives are starting to develop. In last years, many companies have closed the defined benefit retirement plans that they used to offer to their employees. In addition, some governments increased the retirement age by 2 or 5
Iulian MIRCEA
core
Efficient versus inefficient hedging strategies in the presence of financial and longevity (value at) risk [PDF]
This paper provides a closed-form Value-at-Risk (VaR) for the net exposure of an annuity provider, taking into account both mortality and interest-rate risk, on both assets and liabilities.
Regis, Luca, Luciano, Elisa
core +2 more sources

