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Bankruptcy prediction and structural credit risk models
(Cambridge University Press, 2008)
Introduction Default is triggered by a firm’s failure to meet its financial obligations. Default probabilities and changes in expected default frequencies affect markets participants, such as investors and lenders, since ...
Market making in international capital markets: Challenges and benefits of its implementation in emerging markets
(2009)
Purpose - The purpose of this paper is to critically evaluate the different market-making systems found in most developed capital markets and to provide guidance to emerging market regulators for a possible implementation ...
The need for cash flow reporting: Greek evidence
(1990)
This study provides empirical evidence on the extent to which Cash Flow From Operations (CFFO) are not proxied by more traditional measures of performance such as Operating Net Income (OPNI) and Working Capital From ...
Dividend increases and initiations and default risk in equity returns
(2011)
This study extends the Grullon, Michaely, and Swaminathan (2002) analysis by incorporating default risk. Using data for firms that either increased or initiated cash dividend payments during the 23-year period 1986-2008, ...
Discussion of "The Association Between Energy Taxation, Participation in an Emissions Trading System, and the Intensity of Carbon Dioxide Emissions in the European Union"
(2015)
Even though the role of energy taxes on emissions has been examined extensively in recent years, there has been limited empirical research on the effect of implicit tax rates on energy on emissions in the European Union. ...