Results 201 to 210 of about 66,578 (384)
The Journal of Finance, EarlyView.ABSTRACT We introduce the concept of subtle discrimination—biased acts that cannot be objectively ascertained as discriminatory. When candidates compete for promotions by investing in skills, firms' subtle biases induce discriminated candidates to overinvest when promotions are low‐stakes (to distinguish themselves from favored candidates) but ...
ELENA S. PIKULINA, DANIEL FERREIRA
wiley +1 more source
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
A Unified Framework for Pricing Credit and Equity Derivatives
, 2008 We propose a model which can be jointly calibrated to the corporate bond term structure and equity option volatility surface of the same company. Our purpose is to obtain explicit bond and equity option pricing formulas that can be calibrated to find a ...
Bayraktar, Erhan, Yang, Bo
core +1 more source
Second Chance: Life with Less Student Debt
The Journal of Finance, EarlyView.ABSTRACT We exploit an episode of plausibly random debt discharge due to the loss of paperwork for thousands of defaulted borrowers to examine the effects of private student debt relief on borrower outcomes. We find that borrowers who receive debt relief (treated) experience declines in debt balances and delinquency rates on other accounts, and ...
MARCO DI MAGGIO +2 more
wiley +1 more source
Proxying credit curves via Wasserstein distances. [PDF]
Ann Oper Res, 2022 Michielon M, Khedher A, Spreij P.
europepmc +1 more source
Credit default swaps and financial stability [PDF]
Credit default swaps (CDSs), initially intended as instruments for hedging and managing credit risk, have been pinpointed during the recent crisis as being detrimental to financial stability.
Cont, R.
core
FinTech Lending and Cashless Payments
The Journal of Finance, EarlyView.ABSTRACT Borrowers' use of cashless payments improves their access to capital from FinTech lenders and predicts a lower probability of default. These relationships are stronger for cashless technologies providing more precise information, and for outflows. Cashless payment usage complements other signals of borrower quality.
PULAK GHOSH, BORIS VALLEE, YAO ZENG
wiley +1 more source
Real-time extended psychophysiological analysis of financial risk processing. [PDF]
PLoS One, 2022 Singh M +5 more
europepmc +1 more source