Results 101 to 110 of about 648 (233)

Look up and ahead: How climate scenarios affect European sovereign credit risk

open access: yesInternational Review of Economics & Finance
We provide empirical evidence on the potential evolution of future climate-related impacts on sovereign credit risk in Europe, measured through sovereign Credit Default Swap (CDS) spreads and risk-neutral implied probabilities of default.
Luca De Angelis   +2 more
doaj   +1 more source

Brand Equity and Debt Diversification

open access: yesFinancial Management, EarlyView.
ABSTRACT This study examines how brand equity influences the diversity of firms’ debt structures. We propose that brand equity, by signaling larger and more stable future cash flows and greater product market awareness, alters the fundamental trade‐offs that drive optimal debt type diversity.
David C. Mauer   +2 more
wiley   +1 more source

Credit Default Swap Framework

open access: yes, 2022
This article presents a framework for valuing a credit default swap (CDS) contract by taking counterparty credit risk into account. There are three sources of credit risk in CDS: the buyer, seller and reference entity. Our analysis shows that the effect of default dependencies on a CDS premium from large to small accordingly is i) the default ...
openaire   +2 more sources

Expansion of invasive carabids across elevation and habitats on sub‐Antarctic South Georgia

open access: yesInsect Conservation and Diversity, EarlyView.
Two introduced carabid species have continued to expand their ranges on the sub‐Antarctic island of South Georgia over the past 10–15 years. The species have colonised inland valleys and are present across habitats but are more abundant in those with high vegetation cover. N‐mixture models revealed the optimal sampling method, intensity and habitat for
Pierre Tichit   +5 more
wiley   +1 more source

Flexible Contract, Flexible Morale? Microcredit Design and Repayment Discipline

open access: yesInternational Economic Review, EarlyView.
ABSTRACT Flexible repayment benefits borrowers, but practitioners fear increased moral hazard. Investigating their concerns requires disentangling repayment choices from repayment capacity, which is typically infeasible in field studies. We use a lab‐in‐the‐field experiment with 645 microcredit borrowers to cleanly identify the effect of repayment ...
Kristina Czura, Anett John, Lisa Spantig
wiley   +1 more source

College Loans and Human Capital Investment

open access: yesInternational Economic Review, EarlyView.
ABSTRACT College loans facilitate access to education, but the repayment burden may distort posteducation human capital investment. We examine the role of college loans and loan repayment policies through a structural model of individuals' dynamic decisions on borrowing/saving, labor supply, and costly human capital investment. We estimate two versions
Chao Fu   +2 more
wiley   +1 more source

Entrepreneurship and Financial Deregulation

open access: yesInternational Economic Review, EarlyView.
ABSTRACT We quantitatively analyze the impact of US banking deregulation in the 1980s on the aggregate economy. Using recent econometric techniques, we first reexamine existing empirical evidence on the real effects of banking deregulation. We then construct a quantitative model that integrates imperfectly competitive banks into a general equilibrium ...
Toshihiko Mukoyama, Gang Zhang
wiley   +1 more source

A Horse Race of Machine‐Learning Methods to Predict Banking Crises

open access: yesInternational Finance, EarlyView.
ABSTRACT To examine if one machine‐learning model can consistently elucidate financial vulnerabilities, both over time and across levels of development, this paper applies 13 machine‐learning algorithms to evaluate comparative forecasting performance across several banking crises.
Emile du Plessis
wiley   +1 more source

From Open Banking Regulation to Platform Orchestration: The Evolution of Digital Platform Governance

open access: yesInformation Systems Journal, EarlyView.
ABSTRACT This study contributes to information systems (IS) scholarship by extending platform governance theory to regulatory contexts, explaining how regulatory forces co‐evolve with technological architectures to shape openness and control. This research examines the evolution of platform governance in the context of open banking, where regulatory ...
Priyadharshini Muthukannan   +3 more
wiley   +1 more source

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