encourage risk taking amp creativity

... (2000) analyse the link between managerial ownership and risk- taking Demsetz and Strahan (1997) analyse the link between size and bank risk Risk taking in the Spanish banking sector has been scarcely ... bank risk- taking, greater shareholder concentration will mean greater risk- taking Besides, the diversity of interests in Savings banks' governance structure may cause a dissimilar pattern of risk- taking ... would be useful to examine other measures of bank risk- taking, such as market risk or systematic risk but only large Commercial banks in our sample are listed in the Spanish Stock Market Given...

Ngày tải lên: 16/02/2014, 06:20

... bank risk taking We analyze the effect on risk- taking by using a measure of risk- taking that is particularly suited to banking The literature on bank risk- taking includes measures of bank risk ... variable is the risk rating of each loan issued by a bank in the STBL sample.7 The risk rating variable is defined as follows: minimal risk = 1, low risk = 2, moderate risk = 3, acceptable risk = 4, ... risk, default risk, equity risk, value-at -risk, return on assets, balance sheet measures of bank risk, and supervisory ratings For instance, Salas and Saurina (2003) use a measure of credit risk...

Ngày tải lên: 16/02/2014, 10:20

... the term “bank risk- taking to indicate the risk that banks are taking through their lending activity There are other ways in which banks may change their risk exposure, for example by changing ... (loan) risk- taking First, low (risk- less) rates increase the attractiveness of risky assets in a mean-variance portfolio framework Moreover, in habit formation models agents become less riskaverse ... have been interrelated and mutually amplifying in affecting the risk- taking of financial institutions (Rajan, 2005) In this paper, we test these hypotheses Low (risk- less) interest rates, directly...

Ngày tải lên: 06/03/2014, 14:20

Ngày tải lên: 07/03/2014, 08:20

... the bank’s risk- taking or to demand risk premia for higher observed risk- taking (Flannery, 1998; Sironi, 2003; Gropp et al., 2006) This tends to increase the protected banks’ risk- taking The ... increase their risk- taking in the presence of government guarantees, but the evidence is far from unambiguous For example, Hovakimian and Kane (2000) show evidence for higher risk- taking of banks ... charged of low risk and high risk savings banks between 19 Reasons for the cross-sectional variation in risk taking among savings banks in the presence of guarantees could be for example managerial...

Ngày tải lên: 15/03/2014, 10:20

... money and risk taking: opacity versus underlying risk, Working Paper [34] Dubecq, Simon, Benoit Mojon and Xavier Ragot, 2010, Fuzzy capital requirements, riskshifting and the risk- taking channel ... rates increase risk taking incentives by causing a search-for-yield and g < b: (2) It is through this setup that we identify the meaning of excessive risk taking in our model Though a risk- neutral ... rate hike also makes the least efficient, riskiest banks exit the market The bank regulator can counteract banks’ risk taking incentives by using a risk- based capital requirement However, the...

Ngày tải lên: 22/03/2014, 21:20

... and leverage - determines how monetary policy changes affect a bank’s risk taking The first important determinant of banks’ risk taking decisions is a pass-through effect that acts through the asset ... leverage means more risk taking Our model’s unambiguous prediction when banks’ capital structures are endogenous is consistent with the claim that monetary easing leads to greater risk taking Our results ... monetary policy on risk- taking (see, for example, Maddaloni and Peydró, 2010 and Ioannidou et al., 2009; Section gives a brief survey) A negative relationship between bank risk and the real policy...

Ngày tải lên: 22/03/2014, 23:20

... (loan) risk- taking First, lower risk- less rates increase the attractiveness of risky assets in a mean-variance portfolio framework Second, in habit formation models agents become more risk- averse ... suggests excessive risk- taking as compared to a situation with zero or low bank agency problems: From Allen and Gale (2007) for example, low short-term interest rates create high risk- taking by banks ... interrelated and mutually amplifying in affecting the risk- taking of financial institutions (Rajan, 2005) In this paper, we empirically test these hypotheses See for example Allen (2009), Brunnemeier...

Ngày tải lên: 29/03/2014, 13:20

... Financial Risk Taking The purpose of this book is to present a synthesis of contributions to the psychology of financial risk taking (I will use the term “trading” as synonymous with “financial risk taking ) ... much risk, after too little sleep, layering risk upon risk after that first, losing trade For months my miniature hedge fund had been doing well Then, 90 hours ago, I gave away weeks of painstaking ... Financial Risk Taking WILEY TRADING SERIES Financial Risk Taking: An Introduction to the Psychology of Trading and Behavioural Finance...

Ngày tải lên: 03/05/2014, 13:15

Ngày tải lên: 01/06/2014, 13:57

... capital regulations on risk- taking of commercial banks in developed and developoing countries separately and togahter We find that such regulations indeed reduce the risk taking of commercial banks ... Thailand) during the Asian Crisis of 1997; changes in the risktaking behavior of banks before and after that crisis, as well as the link between risktaking and depositor discipline, is examined The last ... first two topics is the risk- taking behavior of banks, and it is one of the core areas of Basel I (signed in 1988) that focuses on the “measurement and management of risk- taking in commercial banks.”...

Ngày tải lên: 03/06/2014, 00:55

... increased risk taking with large numbers of high -risk sexual events taking place [16-21] Recent systematic reviews did not show any association between ART initiation and increased sexual risk taking ... is a key risk factor for HIV transmission Our results showed a borderline significant effect of the interaction between marital status Discussion In this study we analyzed sexual risk taking among ... high -risk behaviours among identified HIV-positive patients on treatment are urgently needed to minimize the risk of HIV transmission The other key variable significantly associated with sexual risk...

Ngày tải lên: 20/06/2014, 08:20

... Strategic Corporate Governance, Employment Risk, and Risk Taking Shuping Li 2014   STRATEGIC CORPORATE GOVERNANCE, EMPLOYMENT RISK, AND FIRM RISK TAKING: A THREE-ESSAY INVESTIGATION IN THE U.S ... of vi    Strategic Corporate Governance, Employment Risk, and Risk Taking Shuping Li 2014   employment risk on different time horizons of risk taking become weaker when a firm’s external managerial ... Governance, Employment Risk, and Risk Taking Shuping Li 2014   SUMMARY This dissertation comprises three studies investigating how corporate governance affects firm risk taking through shaping...

Ngày tải lên: 09/09/2015, 11:28

... effect of God primes on risk taking is specific to monetary risk taking Rather, the point is that the effect of God primes on risk taking depends on whether the domain of risk taking involves a moral ... between religiosity and risk taking behaviors, which suggests that God primes, in fact, should lead to lower risk taking I argued that these research have sampled risk taking from domains inherently ... increases risk taking Compared to two neutral control primes (Water and Dad), subliminal God primes increased risk taking Importantly, there is evidence that the effect of the God prime on risk taking...

Ngày tải lên: 13/10/2015, 15:56

... managerial risk- taking incentive affects secured debt and try to find out the reason behind the effect of managerial risk- taking on secured debt Although to examine the impact of managerial risk- taking ... managerial risk- taking incentives would use less secured debt To sum up, risk financing theory predicts that the possibility to adopt risky financing policies increases in managerial risk- taking ... risk- taking incentives 24 High risky firms are more likely to substitute less risky assets with risky ones in order to maximize the profit for shareholders, and shift the earning volatility risk...

Ngày tải lên: 13/10/2015, 15:57

Ngày tải lên: 10/08/2012, 17:18

... Uncertainty Avoidance  Level of discomfort felt in the face of  risk and ambiguous, uncertain  situations  Cultures who are comfortable with risk require less information, have fewer  people involved in decision making and ...

Ngày tải lên: 22/08/2012, 22:07

Ngày tải lên: 04/10/2012, 10:25

... OP -AMP_ Khuếch đại ứng dụng 7.2.3 Op -amp phân cực nguồn đơn: Phần đặc tính mạch khuếch đại khảo sát op -amp phân cực nguồn đối xứng Thực tế, để tiện thiết kế mạch sử dụng, khơng cần thiết op -amp ... Tử ứng tần số tự nhiên Op -Amp 741 Chương 7: OP -AMP_ Khuếch đại ứng dụng * Băng tần độ lợi đơn vị (unity-gain bandwidth) Là băng tần op -amp có độ lợi vòng hở Thí dụ op -amp 741 B=1MHz * Thời gian ... Khi Zf Zi điện trở op -amp có tính khuếch đại điện chiều Trương Văn Tám VII-6 Mạch Điện Tử Chương 7: OP -AMP_ Khuếch đại ứng dụng 7.2.2 Mạch khuếch đại khơng đảo: (Non_inverting Amplifier) Dạng mạch...

Ngày tải lên: 10/10/2012, 15:51

... bắt đầu ứng dụng triết lý Populist Creativity chiến dịch truyền thông cho thương hiệu hàng tiêu dùng đạt kết mong đợi Tết Nguyên đán 2010, triết lý Populist Creativity mang nước đến thương hiệu ... xa trước nhiều Sau Omo, chiến dịch thành công khác thực với Vim nhà sạch, với triết lý Populist Creativity Dựa thực trạng có tới 30% trường học tỉnh thành nhà vệ sinh nhà vệ sinh không đảm bảo ... đến thương hiệu nhờ chiến dịch Nhìn lại chiến dịch quảng bá thương hiệu theo triết lý Populist Creativity, dễ thấy, đổi sáng tạo kết hợp tinh thần đại chúng công thức mang lại thành công Việt...

Ngày tải lên: 19/10/2012, 11:12