Results 31 to 40 of about 195,173 (169)
Stock liquidity and default risk [PDF]
Journal of Financial Economics, 2017 Abstract This paper examines the impact of stock liquidity on firm bankruptcy risk. Using the Securities and Exchange Commission decimalization regulation as a shock to stock liquidity, we establish that enhanced liquidity decreases default risk. Stocks with the highest default risk experience the largest improvements.
Brogaard, J, Xia, Y, Li, D
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PENGARUH EKONOMI MAKRO TERHADAP RISIKO SEKTORAL DI INDONESIA
Buletin Ekonomi Moneter dan Perbankan, 2007 The disintermediation of Indonesian banking is probably due to the high level of the real sector risk. This paper analyzes the profile and the dynamics of this sectoral risk established from the median of individual firm's default risks.
Priyo Rokhadi Widodo, Tarsidin Tarsidin
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Explicit Pricing Formulas for European Option with Asset Exposed to Double Defaults Risk
Discrete Dynamics in Nature and Society, 2018 We derive analytical formulas for European call and put options on underlying assets that are exposed to double defaults risks which include exogenous counterparty default risk and endogenous default risk.
Taoshun He
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MathematicsOnline consumer credit services play a vital role in the contemporary consumer market. To foster their sustainable development, it is essential to establish and strengthen the relevant risk management mechanism.
Miao Zhu +3 more
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DEFAULT RISK DAN PENJAMINAN KREDIT UKM
Buletin Ekonomi Moneter dan Perbankan, 2005 This paper asserts that the credit guarantee for the Usaha Kecil Menengah (UKM, Small-Medium Scale Enterprise) is a necessity to encourage the bank to allocate the credit.
Untoro Untoro
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Restructuring Sukuk for default risk management based on Shariah principles [PDF]
جستارهای اقتصادی, 2020 Islamic securities, like conventional bonds, are not safe from default. Therefore, it is important to provide solutions to manage this type of risk in the structure of Sukuk.
mohammad tohidi
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DEFAULT AND SYSTEMIC RISK IN EQUILIBRIUM [PDF]
Mathematical Finance, 2011 We develop a finite horizon continuous time market model, where risk‐averse investors maximize utility from terminal wealth by dynamically investing in a risk‐free money market account, a stock, and a defaultable bond, whose prices are determined via equilibrium.
Agostino Capponi, Martin Larsson
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A Risk-Based Approach for Asset Allocation with A Defaultable Share
Risks, 2018 This paper presents a novel risk-based approach for an optimal asset allocation problem with default risk, where a money market account, an ordinary share and a defaultable security are investment opportunities in a general non-Markovian economy ...
Yang Shen, Tak Kuen Siu
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Analyzing Political and Systemic Determinants of Financial Risk in Local Governments
Transylvanian Review of Administrative Sciences, 2020 Studies have shown that political variables can influence the volume of government debt and have recommended investigating the joint effects of diverse factors on the risk of local government default.
Andrés Navarro-Galera +3 more
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LOCAL RISK MINIMIZATION FOR DEFAULTABLE MARKETS [PDF]
Mathematical Finance, 2009 We study the local risk minimization approach for defaultable markets in a general setting where the asset price dynamics and the default time may influence each other. We find the Föllmer‐Schweizer decomposition in this general setting and compute it explicitly in two particular cases, when default time depends on the risky asset's behavior and when ...
F. BIAGINI, CRETAROLA, Alessandra
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