other methods that promote balanced risk taking incentives
Statistical Methods of Valuation and Risk Assessment: Empirical Analysis of Equity Markets and Hedge Fund Strategies
Ngày tải lên :
16/04/2013, 20:00
... that will give residual returns that are uncorrelated with each of the factors This is principally due to the fact that standard linear multiple regression methods select slope coefficients that ... described the Riskometer as a tool that returns the different Value-atRisk and related measures of risk (expected shortfall, volatility) for major equity market indices using standard methods as ... Integrated Risk Management (London: Risk Books) Mina J., and J.Y Xiao (2001), Return to RiskMetrics: The Evolution of a Standard, Discussion paper, RiskMetrics Group, New York, available from www.riskmetrics.com...
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Tài liệu Implement the Methods That Update the Database pptx
Ngày tải lên :
21/01/2014, 12:20
... about it: Properties are pairs of methods with the same name, except that one is a sub and accepts a parameter, whereas the other is a parameterless function that returns a value Each independent ... Be aware that NET determines which overloaded method to callconstructor or otherwise-based on the order of the datatypes in the parameter list, and not the names of the parameters In other words, ... words, you can have two overloaded methods that take an integer and a string as their parameters, as long as one method has a string as the first parameter, and the other has an integer as the first...
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Tài liệu RISK-TAKING BEHAVIOUR AND OWNERSHIP IN THE BANKING INDUSTRY: THE SPANISH EVIDENCE ppt
Ngày tải lên :
16/02/2014, 06:20
... 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 that the variables ... (1991), among others, use this argument to explain the 1980's crisis in American thrift institutions, characterised by excessive risk- taking and high rate of failure As well, banking risk- taking has ... (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...
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Tài liệu The Effect of TARP on Bank Risk-Taking Lamont Black and Lieu Hazelwood docx
Ngày tải lên :
16/02/2014, 10:20
... (2011), who find that capital support of small and large German banks has resulted in reduced bank risk taking We analyze the effect on risk- taking by using a measure of risk- taking that is particularly ... literature on bank risk- taking includes measures of bank risk based on credit risk, default risk, equity risk, value-at -risk, return on assets, balance sheet measures of bank risk, and supervisory ... = 5, such that the risk rating is an index that increases with risk We eliminate cases where the risk rating is zero (no risk) or missing It is interesting to note that the average risk rating...
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Bank Risk-Taking, Securitization, Supervision, and Low Interest Rates: Evidence from Lending Standards pptx
Ngày tải lên :
06/03/2014, 14:20
... paper we use 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 ... (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 ... loan risk- taking by banks They use comprehensive credit registers for business loans from Spain and Bolivia respectively They find that low levels of overnight rates increase loan risk- taking...
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Working PaPer SerieS no 1272 / DeCeMBer 2010: THe iMPaCT of PuBliC guaranTeeS on Bank riSk Taking eviDenCe froM a naTural exPeriMenT pptx
Ngày tải lên :
15/03/2014, 10:20
... anticipate their bank’s bail-out and therefore have lower incentives to monitor the bank’s risk- taking or to demand risk premia for higher observed risk- taking (Flannery, 1998; Sironi, 2003; Gropp et al., ... December 2010 risk- taking through their effect on banks’ margins and charter values Keeley (1990) was the first to argue that higher charter values decrease the incentives for risk- taking, because ... portfolio choices and risk taking We find that the removal of government guarantees resulted in a significant reduction in banks’ exposure to credit risk Exposure to credit risk decreased significantly...
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WORKING PAPER SERIES NO 1457 / AUGUST 2012: EXCESSIVE BANK RISK TAKING AND MONETARY POLICY pptx
Ngày tải lên :
22/03/2014, 21:20
... Rajan (2006) that policy 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 ... 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 ... empirical research, which shows that the policy rate significantly affects bank risk taking. 1 But the opponents contend that, even if this is so, it is not clear that it justifies an altered mandate...
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Monetary Policy, Leverage, and Bank Risk-Taking∗ pot
Ngày tải lên :
22/03/2014, 23:20
... the paper is that we focus on credit risk and abstract from other important aspects of the relationship between monetary policy and risk taking, such as liquidity risk. 17 While other frameworks ... loan rates, increases the incentives to monitor The second effect, the risk- shifting effect, decreases monitoring incentives to the extent that it applies to liabilities that are repaid only in case ... which parallels that in Proposition ∗ r Proposition Suppose that depositors require compensation for risk, so that rD = E[q|k] Then e e there exist a degree of capitalization, e such that, for k...
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Bank Risk-Taking, Securitization, Supervision, and Low Interest Rates: Evidence from Lending Standards potx
Ngày tải lên :
29/03/2014, 13:20
... securitization Our results suggests not only that low levels of short-term rates increase loan risk- taking but they may create excessive risk- taking since we find that the impact of low short-term rates ... loan risk- taking by banks They use comprehensive credit registers for business loans from Spain and Bolivia respectively They find that low levels of overnight rates increase loan risk- taking ... create high risk- taking by banks because of moral hazard problems in banks Hence, since we find that softer banking supervision standards make stronger the impact of low rates on higher risk- taking, ...
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TOEFL Destinations Directory/ The directory of more than 8,500 universities, agencies and other institutions that accept TOEFL scores. pot
Ngày tải lên :
31/03/2014, 16:20
... In the TOEFL Destinations Directory youll find a list of more than 8,500 institutions worldwide that rely on the TOEFL test as the most accurate measure of English language skills Helsinki University ... & Science http://www.confederationc.on.ca/ Thunder Bay DI Code: 9111 Canadian Alliance of Physiotherapy Regulators http://www.alliancept.org/ Etobicoke DI Code: 0015 Connect School of Languages ... Missions http://www.bcom.org/ Peace Center DI Code: 9724 National University of Singapore-Grad and any other schools http://www.nus.edu.sg/ Singapore DI Code: 3720 Universitas 21 Global Pte Ltd http://www.u21global.edu.sg/web/guest/home...
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financial risk taking-an intro to the psychology of tr and behav fin - elvin 2004
Ngày tải lên :
03/05/2014, 13:15
... 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 ... to sell you this dream THE PSYCHOLOGY OF FINANCIAL RISK TAKING The psychology of financial risk taking is a theoretical and practical discipline that can be used as a tool to preserve your capital...
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capital regulation, risk-taking, bank lending and depositor discipline
Ngày tải lên :
03/06/2014, 00:55
... 1998, 2005), where incentives that lead banks to take on more risk have taken a back stage However, our approach to studying the risk taking problems of banks is the change in risk incentives directly ... 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.”...
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Báo cáo sinh học: " Hepatitis C (HCV), hepatitis B (HBV), the human immunodeficiency viruses (HIV), and other viruses that replicate via RNA intermediaries," pdf
Ngày tải lên :
18/06/2014, 22:20
... transmission Viruses that cause premature host death or that are cleared by host mechanisms before transmission to, and infection of, other hosts are biological failures that have strong Darwinian ... replicative homeostasis ensures any RNA mutations that arise, and that result in beneficial phenotype(s), will favour replication of that RNA molecule, ensuring that phenotype is retained within the quasispecies ... proportional to viral concentration [V], that is; Ve ∝ [V] (or Ve = ke [V] where ke is some constant), so that Ic required to clear one viral particle Ic(1) is less than that Ic required to clear 10 viral...
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báo cáo hóa học:" Sexual risk taking among patients on antiretroviral therapy in an urban informal settlement in Kenya: a cross-sectional survey" pot
Ngày tải lên :
20/06/2014, 08:20
... 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 ... already high Programmes that target such high -risk behaviours among identified HIV-positive patients on treatment are urgently needed to minimize the risk of HIV transmission The other key variable ... 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...
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Báo cáo y học: "NO2 inhalation induces maturation of pulmonary CD11c+ cells that promote antigenspecific CD4+ T cell polarization" pot
Ngày tải lên :
12/08/2014, 11:22
... indicative of cellular damage that may promote the activation of epithelial cells capable of secreting factors such as IL-6 [71] and other pro-inflammatory mediators [25] Agents that cause damage to the ... [48,49] and data suggest that certain severe viral infections early in life increase the risk of developing asthma [48] In our previous studies, we have demonstrated that in mice, NO2 can act ... implying that CD11c+ cells are critical during NO2-promoted allergic sensitization Furthermore, flow cytometric analyses of CD11c + cell populations within the lung and draining lymph node revealed that...
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Strategic corporate governance, employment risk, and firm risk taking a three essay investigation in the u s and taiwan
Ngày tải lên :
09/09/2015, 11:28
... 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 ... employment risk, affects their risk taking independently and interactively with executive market conditions Analyses based on 715 Taiwanese firms from 1997 to 2011 show that executives’ employment risk...
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Taking a leap of faith reminders of god lead to greater risk taking
Ngày tải lên :
13/10/2015, 15:56
... while it is true that risk taking varies with the domain of risk taking (Weber, Blais, & Betz, 2006), the point is not that people primed with God would show different risk taking patterns depending ... 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 content or not ... survey research that have found a negative correlation between religiosity and risk taking behaviors, which suggests that God primes, in fact, should lead to lower risk taking I argued that these...
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Managerial risk taking and secured debt evidence from REITS
Ngày tải lên :
13/10/2015, 15:57
... flow theory, on the other hand, implies that secured debt ratio is positively associated with managerial risk- taking incentives It means that firms with managerial risk- taking incentives tend to ... 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 ... value-increasing and risk- reducing projects, but also the risky projects If executives have risk- taking incentives which are aligned with shareholders’ benefits, firms with high risk- taking incentives...
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