Zobrazeno 1 - 10
of 20
pro vyhledávání: '"RONALD SVERDLOVE"'
Publikováno v:
Managerial Finance. 45:760-780
Purpose By applying models of social and economic networks to financial institutions, the purpose of this paper is to address the issues of how policy makers can promote financial network stability and social efficiency. Design/methodology/approach T
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::69c5ed7d5cc0dcb0e4fc1003383ec278
https://doi.org/10.1108/mf-06-2018-0287
https://doi.org/10.1108/mf-06-2018-0287
Publikováno v:
Journal of Law, Finance, and Accounting. 2:275-323
This paper presents a model of contracts for the sale of intellectual property. We explain why many intellectual property contracts are contingent on eventual production or success, even without moral hazard on the part of risk-averse sellers. Our ex
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::3c1a04f0073b98e875727285b685856a
https://doi.org/10.1561/108.00000020
https://doi.org/10.1561/108.00000020
Publikováno v:
Journal of Financial and Quantitative Analysis. 50:1353-1388
This paper investigates the optimal sequencing of debt issues. Our theoretical model suggests that once firms issue debt with one level of seniority, they may have an incentive to alternate seniorities, because of violations of the priced absolute pr
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::ad5498bc2c553a34b7bae28944a11ec8
https://doi.org/10.1017/s0022109015000538
https://doi.org/10.1017/s0022109015000538
Autor:
Ronald Sverdlove
Publikováno v:
Managerial Finance. 41:550-562
Purpose – The purpose of this paper is to show how corporate policy with respect to the seniority structure of debt changes after a merger. Design/methodology/approach – The author uses data on the seniority and other properties of outstanding bo
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::d94045b6b7c19ebb77aa5f31d18a7030
https://doi.org/10.1108/mf-01-2014-0022
https://doi.org/10.1108/mf-01-2014-0022
Publikováno v:
Journal of Applied Corporate Finance. 24:46-58
The U.S. housing finance market has not yet recovered from the housing price bubble that peaked in late 2006. Even though prices have fallen significantly, there are still problems in clearing the market. For the last few years, a group of financial
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::c541e2b2a09a9a0efa3c8059b2c074c5
https://doi.org/10.1111/j.1745-6622.2012.00400.x
https://doi.org/10.1111/j.1745-6622.2012.00400.x
Publikováno v:
Journal of Cultural Economics. 37:271-307
This paper uses a unique data set on screenplay sales to learn how the information content of a sales pitch affects sale prices. This is one of the few studies that analyze “soft information” outside the banking industry. We find that “soft inf
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::47040a233f81f9e03be576c063fcb83a
https://doi.org/10.1007/s10824-012-9183-5
https://doi.org/10.1007/s10824-012-9183-5
Publikováno v:
The Journal of Fixed Income. 20:31-57
In a credit default swap (CDS) trade, a credit protection buyer acquires credit protection from the counterparty by paying a premium. The CDS premium has been viewed as a clean representation of the price of credit risk. As a result, in the past few
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::94b4797ffe0081b49a28b79e576860fc
https://doi.org/10.3905/jfi.2010.20.2.031
https://doi.org/10.3905/jfi.2010.20.2.031
Publikováno v:
The Journal of Fixed Income. 16:7-21
The major sources of credit risk are default probability and recovery. Together with interest rate risk, they determine the price of credit derivatives. In this article, we study the relative importance of these sources by testing pair-nested structu
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::68ebd78e7b3fbbe1f3731c63247c2fae
https://doi.org/10.3905/jfi.2006.670090
https://doi.org/10.3905/jfi.2006.670090
Publikováno v:
SSRN Electronic Journal.
We present a model that shows how interactions between creditor groups in bankruptcy can affect the debt issuance decisions of firms. In particular, we suggest that deviations from APR should be priced and can affect the issuing decisions of junior a
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::6b22f543d5b0b8015ebc349c68f6a44b
https://doi.org/10.2139/ssrn.1341443
https://doi.org/10.2139/ssrn.1341443
Publikováno v:
SSRN Electronic Journal.
We present a model that shows how interactions between creditor groups in bankruptcy can affect the debt issuance decisions of firms. In particular, we show that firms that issue debt with a specific seniority level may tend to keep issuing debt at t
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::63e193a6d173ee16224e72f69ffd4643
https://doi.org/10.2139/ssrn.1106444
https://doi.org/10.2139/ssrn.1106444