Results 131 to 140 of about 648 (233)
The Journal of Finance, EarlyView.ABSTRACT We propose a measure of the valuation gap between debt and equity—debt‐equity spread (DES)—based on the difference between actual and equity‐implied credit spreads. DES predicts cross‐sectional stock and bond returns in opposite directions.
HUI CHEN, ZHIYAO CHEN, JUN LI
wiley +1 more source
Dynamic capital allocation in general insurance
Journal of Risk and Insurance, EarlyView.Abstract This paper provides a model for allocating capital to different insurance lines with varying development periods for a value‐maximizing insurance company. In our model, the company makes capitalization and exposure decisions considering its capital level and its relevant loss history.
Qiheng Guo +2 more
wiley +1 more source
Synthetic securitization in the accounting: the peculiarities and the national experienc
Vìsnik Žitomirsʹkogo Deržavnogo Tehnologìčnogo Unìversitetu: Ekonomìčnì Nauki, 2015 In the dynamic development of the financial market and the economy as a whole is one of the Securitisation innovative tools to attract additional funding, increased liquidity, diversification of assets and minimize risks in financial markets.
O.P. Driga
doaj
The combination of Hebbian and predictive plasticity learns invariant object representations in deep sensory networks. [PDF]
Nat Neurosci, 2023 Halvagal MS, Zenke F.
europepmc +1 more source
Noûs, EarlyView.ABSTRACT Virtue epistemology has long struggled with the “Creditability Dilemma”: how can knowledge gained through deference be creditable to the knower if it primarily depends on others’ cognitive work? We propose a novel solution by developing a telic account of doxastic deference as a distinctive kind of social‐epistemic performance.
J. Adam Carter, Jesper Kallestrup
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A Scale for Mixed Reasons for Belief
Noûs, EarlyView.ABSTRACT Epistemic reasons matter for what you should believe. But then, some think there are practical reasons that matter, too. How could both sorts of reasons be weighed together to determine the doxastic states you ought to hold, all things considered?
Matthew Vermaire
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Essays on credit default swaps
, 2019 Despite the comparatively short history of credit default swaps (CDSs), they are one of thefastest growing and most controversially discussed financial innovations from the last decades, although, a CDS can simply be seen as insurance that offers protection against the default of a company, government or credit (portfolio) (Hull, 2012).
openaire +1 more source
Learning From 25 Years of Changes in Business Tax Policy
Public Budgeting &Finance, EarlyView.Abstract This paper summarizes the significant changes to the taxation of business income in the United States over the last 25 years and how the resulting policy variation has helped inform research on business taxation. The survey of research on the topic covers investment incentives, international taxation, corporate financial policy, issues with ...
Jason DeBacker, Aerfate Haimiti
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Investigating the determinants of corporate bond credit spreads in the euro area
, 2023 Letta S, Mirante P.
europepmc +1 more source
Transparency or Access? E‐Procurement's Two Paths to Integrity: Evidence From Italy
Regulation &Governance, EarlyView.ABSTRACT This paper examines whether e‐procurement adoption is associated with procedural competition and transparency, two core components of procurement integrity. Using award‐level microdata for Italian regional contracting authorities (2019–2023), we analyze a period preceding the legal obligation of full‐cycle digital procurement, when the use of ...
Giuseppe Lucio Gaeta +2 more
wiley +1 more source