Results 41 to 50 of about 744 (158)
Subprime Refinancing: Equity Extraction and Mortgage Termination [PDF]
Real Estate Economics, 2006 This article examines the choice of borrowers to extract wealth from housing in the high‐cost (subprime) segment of the mortgage market and assesses the prepayment and default performance of these cash‐out refinance loans relative to the rate of refinance loans.
Pennington-Cross, Anthony +1 more
openaire +2 more sources
Reputation and Asset Prices: Evidence From Trump Real Estate
Financial Management, EarlyView.ABSTRACT We analyze the impact of brand reputation on asset prices by exploiting the prominence of Donald Trump in Manhattan real estate. Our quasi‐experiment identifies a 14.5% discount to condominiums in Trump‐branded buildings after controversies surrounding Trump's presidential candidacy began in June 2015 up to 2022.
Marlene Koch, Simon Stehle, Rémi Vivès
wiley +1 more source
Testing for Contagion in International Financial Markets: To See More, Go Higher
Financial Review, EarlyView.ABSTRACT Traditional measures of financial contagion rely on correlation shifts, overlooking higher moments such as skewness and kurtosis. We examine contagion during two major financial crises, incorporating lower‐ and higher‐moment measures. We analyze stock market returns from 22 major markets at different frequencies, offering a global perspective ...
Simeon Coleman, Vitor Leone
wiley +1 more source
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
Subprime Mortgages: What, Where, and to Whom? [PDF]
Finance and Economics Discussion Series, 2008 We explore the types of data used to characterize risky subprime lending and consider the geographic dispersion of subprime lending. First, we describe the strengths and weaknesses of three different datasets on subprime mortgages using information from LoanPerformance, HUD, and HMDA.
Karen M. Pence, Christopher J. Mayer
openaire +2 more sources
Monetary Policy, Inflation, and Crises: Evidence from History and Administrative Data
The Journal of Finance, EarlyView.ABSTRACT We show that a U‐shaped monetary rate path increases banking crisis risk, via credit and asset price cycles, analyzing 17 countries over 150 years. Rate hikes (raw or instrumented) increase crisis risk, but only if preceded by prolonged cuts. These patterns are unique to banking crises, unlike noncrisis recessions.
GABRIEL JIMÉNEZ +3 more
wiley +1 more source
The Great Depression and the Great Recession: A Comparative Analysis of their Analogies [PDF]
The European Journal of Comparative Economics, 2014 The decades preceding the Great Depression and the U.S. subprime mortgage crisis have close similarities. Both decades were characterized by rapid growth without major contractions, by an increase in liquidity, a lack of inflation, and a generalized ...
Cristina Peicuti
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Subprime Outcomes: Risky Mortgages, Homeownership Experiences, and Foreclosures [PDF]
SSRN Electronic Journal, 2007 This paper provides the first rigorous assessment of the homeownership experiences of subprime borrowers. We consider homeowners who used subprime mortgages to buy their homes, and estimate how often these borrowers end up in foreclosure. In order to evaluate these issues, we analyze homeownership experiences in Massachusetts over the 1989-2007 period ...
Kristopher S. Gerardi +2 more
openaire +4 more sources
The Scandinavian Journal of Economics, EarlyView.Abstract We study how acquisition‐related foreign direct investment during economic crises affects R&D investments and the direction of innovation of target firms, compared with acquisitions made during periods of strong economic growth. Using a panel of Spanish firms, we find that foreign multinationals cherry‐pick the best domestic firms ...
María García‐Vega +2 more
wiley +1 more source
Human Resource Management, Volume 65, Issue 2, Page 531-559, March/April 2026.ABSTRACT Compensation plays a pivotal role in shaping employee behavior, motivation, and well‐being. Although extant research has explored various dimensions of compensation, questions about how important pay is to employees and concerns (on the part of employers and/or employees) about the unintended negative (in addition to intended positive ...
Barry Gerhart, Ji Hyun Kim, Shan He
wiley +1 more source