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Adding The Time Dimension: Optimal Rebalancing  

Mark Kritzman, Simon Myrgren, and Sebastien Page

Print publication date:
Dec 2011
Online publication date:
Nov 2012
A technique called dynamic programming can be used to identify an optimal rebalancing schedule, which significantly reduces rebalancing and sub-optimality costs. Dynamic programming ... More

The Admission and Regulation of Overseas Issuers: A Survey of the Top Four Financial Centers  

Horace Yeung

Print publication date:
Jan 2019
Online publication date:
Dec 2018
This chapter examines the potential discrepancies in the regulation applied to overseas issuers, as opposed to domestic issuers, of four leading financial centers. They are New York, ... More

Advances in Cost Frontier Analysis of the Firm  

C.A. Knox Lovell and Emili Grifell-Tatjé

Print publication date:
Jul 2013
Online publication date:
Oct 2013
We study various analytical frameworks relating productivity change to change in the cost structure and cost efficiency of the firm. We begin by motivating a focus on the cost side, and not ... More

Affluent and Devout: Men Paying for Sex in the United Kingdom  

Marina Della Giusta, Maria Laura di Tommaso, and Sarah L. Jewell

Print publication date:
Oct 2016
Online publication date:
Dec 2016
In this chapter, we analyze the demand for paid sex of British men utilizing the British National Survey of Sexual Attitudes and Lifestyles based on interviews in the period 2010–2012. The ... More

Agency Problems and the Fate of Capitalism  

Randall Morck and Bernard Yeung

Print publication date:
Apr 2012
Online publication date:
Nov 2012
This article discusses agency problems and capitalism. It suggests that real social costs of agency problems lie deeper, in the inner workings of the economy. Inefficient resource ... More

Algorithmic Trading, Optimal Execution, and Dyna Mic Port Folios  

Petter N. Kolm and Lee Maclin

Print publication date:
Dec 2011
Online publication date:
Nov 2012
This article discusses the portfolio optimization with market impact costs, combining execution and portfolio risk, and dynamic portfolio analysis. A multi-period portfolio optimization ... More

All Ties Are Not Created Equal: Institutional Equity Ties, IPO Performance, and Market Growth of New Ventures  

Yong Li and Beiqing Yao

Print publication date:
Jan 2019
Online publication date:
Dec 2018
This chapter examines whether and how different types of institutional ties affect new venture performance at different organizational stages. The authors propose that equity ties to ... More

Alternative Types Of Entrepreneurial Finance  

Armin Schwienbacher and Benjamin Larralde

Print publication date:
Mar 2012
Online publication date:
Sep 2012
This article discusses crowdfunding as an alternative way of financing projects, with a focus on small, entrepreneurial ventures. It first provides a description of crowdfunding and ... More

Analyzing Three-Dimensional Panel Data of Forecasts  

Antony Davies, Kajal Lahiri, and Xuguang Sheng

Print publication date:
Jul 2011
Online publication date:
Sep 2012
This article illustrates how frameworks built around multidimensional panel data of forecasts can be used not only to test the rational expectations hypothesis correctly, but also to study ... More

Asset Liability Management For Sovereign Wealth Funds  

Francis Breedon and Robert Kosowski

Print publication date:
Dec 2011
Online publication date:
Nov 2012
The article aims to discuss the optimal asset allocation for sovereign wealth funds (SWF). The main purpose of a commodity based sovereign wealth fund is to create a permanent income stream ... More

Asymmetric Information, Credit Market Condition, and Entrepreneurial Finance  

Liang Han and Song Zhang

Print publication date:
Mar 2012
Online publication date:
Sep 2012
This article reviews literature on the important role played by asymmetric information in entrepreneurial finance from two perspectives: asymmetric information and relationship lending, and ... More

Auditor Selection and IPO Underpricing  

Miriam Koning

Print publication date:
Jan 2019
Online publication date:
Dec 2018
This chapter focuses on the selection of an audit firm by UK initial public offering (IPO) firms. It documents that many IPO firms switch to an audit firm in a different segment (big, ... More

The Austrian Theory of Finance: Is It a Unique Contribution to the Field?  

Gregory Dempster

Print publication date:
Nov 2015
Online publication date:
Dec 2015
Austrian school economists have long been interested in monetary and financial operations that characterize modern capitalism. With a few exceptions, this interest was confined, at least ... More

Availability of Credit to Small Firms Young and Old: Evidence from the Surveys of Small Business Finances  

Rebel Cole

Print publication date:
Mar 2012
Online publication date:
Sep 2012
The availability of credit is one of the most important issues facing small businesses, and is especially vexing for young and fast-growing firms that need new capital to finance growth. In ... More

Bank Bailouts and Bail-Ins  

Raluca A. Roman

Print publication date:
Oct 2019
Online publication date:
Nov 2019
During the global financial crisis, governments bailed out banks when their failures threatened to undermine economic and financial stability. After the crisis, governments tried to end ... More

Bank Capital Requirements after the Financial Crisis  

Mark E. Van Der Weide and Jeffrey Y. Zhang

Print publication date:
Oct 2019
Online publication date:
Nov 2019
Regulators responded with an array of strategies to shore up weaknesses exposed by the 2008 financial crisis. This chapter focuses on reforms to bank capital regulation. We first discuss ... More

Bank Failures, The Great Depression, and Other “Contagious” Events  

Charles W. Calomiris

Print publication date:
Oct 2019
Online publication date:
Nov 2019
Deposit withdrawal pressures on banks, which sometimes take the form of sudden runs, have figured prominently in the discussion of public policy toward banks and the construction of safety ... More

Bank Runs and Moral Hazard: A Review of Deposit Insurance  

Deniz Anginer and Asli Demirgüç-Kunt

Print publication date:
Oct 2019
Online publication date:
Nov 2019
Deposit insurance is a widely adopted policy to promote financial stability in the banking sector. Deposit insurance helps ensure depositor confidence in the financial system and prevents ... More

Banking: A Decade on from the Global Financial Crisis  

Allen N. Berger, Philip Molyneux, and John O. S. Wilson

Print publication date:
Oct 2019
Online publication date:
Nov 2019
A lot has happened in the ten years since the global financial crisis. This chapter starts with a summary of key regulatory and operational issues that have impacted banks in Europe, the US ... More

Banking and Real Economic Activity: Foregone Conclusions and Open Challenges  

Nicola Cetorelli and Michael Blank

Print publication date:
Oct 2019
Online publication date:
Nov 2019
This chapter reviews insights about how the banking system affects real economic performance. After arguing that the causality debate—the high-level question of whether the characteristics ... More

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