Zobrazeno 1 - 10
of 22
pro vyhledávání: '"Efraim Benmelech"'
Publikováno v:
SSRN Electronic Journal.
Autor:
Efraim Benmelech, Michal Zator
Publikováno v:
SSRN Electronic Journal.
Publikováno v:
SSRN Electronic Journal.
Investment in intangible capital such as R&D has increased dramatically since the 1990s. However, productivity growth remains sluggish in recent years. One potential reason is that a significant share of the increase in intangible investment is geare
Publikováno v:
SSRN Electronic Journal.
Lenders are unwilling to accept lower credit spreads for secured debt relative to unsecured debt when a firm is healthy. However, they accept significantly lower credit spreads for secured debt when a firm’s credit quality deteriorates, the economy
Autor:
Efraim Benmelech, Nitzan Tzur-Ilan
Publikováno v:
SSRN Electronic Journal.
Publikováno v:
SSRN Electronic Journal.
The success of non-pharmaceutical interventions to contain pandemics often depends greatly upon voluntary compliance with government guidelines. What explains variation in voluntary compliance? Using mobile phone and survey data, we show that during
Publikováno v:
SSRN Electronic Journal.
Publikováno v:
SSRN Electronic Journal.
Autor:
Efraim Benmelech
Publikováno v:
SSRN Electronic Journal.
While credit rating agencies are of central importance to credit markets, it is still unclear how credit ratings decisions are being made. Are credit rating quantitatively hard-wired? Or, do ratings represent a more holistic approach to the evaluatio
Autor:
Efraim Benmelech
Publikováno v:
SSRN Electronic Journal.
This paper evaluates and discusses methodologies for evaluating credit ratings of Investment Holding Companies. I analyze Standard & Poor’s and Moody’s rating approaches, evaluate their soundness based on theoretical grounding and empirical evide