Financial risk on systematic risks

The particular study is the first academic attempt to review a new financial instrument, the covered warrants, which were listed for trading in the Athens Exchange within the framework of the recapitalization of the three systematic Greek banks (Alpha Bank, National Bank of Greece and Piraeus Bank) in the summer of 2013. In particular, we discuss the basic characteristics of these instruments and we examine their pricing efficiency during the fifteen months of their listing.

18p nguyenanhtuan_qb 09-07-2020 34 2   Download

This study investigates (i) the impact of first- and second-moment exchange rate exposure on individual firm value and the stock return volatility underlying exchange rate fluctuation, (ii) the time-varying exchange rate exposure following the 1997 Asian financial turmoil and the global financial crisis which started in 2007. We find a high percentage of exposed firms before the two crises but if this percentage decreases dramatically after, the exposure level is much larger. The two crises affect also the asymmetric profile of the firms and volatilities.

23p covid19 19-04-2020 20 2   Download

The study focused on the impact of the short-term and long-term financial risk on systematic risks through analyzing 120 corporations listed in the international and emerging stock exchange markets of the United States, Germany, South Korea, and Egypt, (30 corporations from each country). The variability in common stock’s systematic risks was explained by 93.58% according to short and long-term financial risk under two control variables which are market capitalization of the corporation and the efficiency of the stock exchange.

1p chauchaungayxua2 19-01-2020 19 2   Download

Analyze and compare the impact of systematical factors such as national risk and banking sector risk on bank’s credit rating between developed markets and emerging markets. Analyze and compare the impact of specific features includes bank size, form of ownership and financial ratios on bank’s credit rating between developed markets and emerging markets.

33p quenchua 28-09-2019 35 2   Download

In Malaysia, the initial public offering (IPO) market has seen some changes in 2016 due to poor economic conditions. Project risk management practices in IPO projects by investment bank are to be explored in this paper. This will be done to identify their positive impact on an IPO project in Malaysia to understand the significance of the role of project risk management in determining IPO success. The goal of the IPO is to obtain approval for it to be launched in the stock exchange market.

109p nguyenyenyn117 17-06-2019 48 10   Download

Chapter 10 - Arbitrage pricing theory and multifactor models of risk and return. We begin by showing how the decomposition of risk into market versus firm-specific influences that we introduced in earlier cha pters can be extended to deal with the multifaceted nature of systematic risk. Multifactor models of security returns can be used to measure and manage exposure to each of many economy-wide factors such as business-cycle risk, interest or inflation rate risk, energy price risk, and so on.

18p tangtuy18 12-07-2016 68 4   Download

“A systematic framework for economic appraisal of proposed public and private projects from a public interest point of view” – based on Benefit-Cost Analysis: Financial and Economic Appraisal using Spreadsheets by H. Campbell & R. Brown (Cambridge University Press, 2003)

17p muaxuan102 21-02-2013 60 3   Download

Broadly defined, an audit is a systematic review of operations and practices to ensure that relevant requirements are met.Traditionally, the term audit is associated with principles of accounting. Because of this,many people perceive a safety audit as an Internal Revenue Service (IRS) procedure or a financial accounting procedure. Indeed, the safety audit may apply similar methodolo- gies used in financial audits to mitigate safety risks within any facility or opera- tion. A sound business enterprise must check its safety practices as carefully as its accounting records.

44p tay_thi_le 19-02-2013 62 7   Download

Water quality risks are often overlooked but may have significant financial implications. The quality of process water is critical in many industrial production systems, and contaminated water supply may require additional investment and operational costs for pre-treatment. In cases where current high quality source water precludes the need for pre-treatment, degradation of supply can necessitate costly capital expenditures for treatment technology.

58p saimatkhauroi 01-02-2013 62 3   Download

Second, managers can affect the volatility of firm’s equity. Risk-averse managers who are compensated in traditional ways (salary, bonus and stock) have incentive to keep the volatility of the firm low when they hold a large fraction of their human capital and their financial wealth in the firm. Such managers have incentives to turn down risk-increasing, positive NPV projects if the negative effect on their expected utility of an increase in total firm risk is larger than the positive effect of an increase in firm value.

39p bocapchetnguoi 06-12-2012 37 2   Download

RREEF Real Estate’s primary goal is to preserve capital through managing investment risks across economic, market and property factors. We believe that sustainability, environmental quality, and resource consumption present risks that should be managed by the same structure and process as other risks. investment decisions are based on sound research and due diligence information collected and reviewed in a systematic fashion.

0p quaivattim 01-12-2012 75 4   Download