Equity Lending Markets and Ownership Structure

نویسندگان
چکیده

برای دانلود باید عضویت طلایی داشته باشید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Managerial Hedging and Equity Ownership

Managerial Hedging and Equity Ownership Risk-averse managers can hedge the aggregate component of their exposure to firm’s cash flow risk by trading in financial markets, but cannot hedge their firm-specific exposure. This gives them incentives to pass up firm-specific projects in favor of standard projects that contain greater aggregate risk. Such risk substitution gives rise to excessive aggr...

متن کامل

Association between Asian Equity Markets and Western Markets: Evidence from the Indexes of Equity Markets

This research examined the time series characteristics of stock price indices for Hong Kong, Tokyo, New York (NYSE) and London (FTSE) equity markets or stock exchanges during the period of 1991 to 2012. Specifically, we calculate the rate of return and the volatility of return for all the markets and estimate the serial correlation and co-movement of the four markets. We find that the average r...

متن کامل

Knowledge Transfer and Partial Equity Ownership

When firms form an alliance, it often involves one firm acquiring an equity stake in its alliance partner. Such an alliance lessens the competition, but induces knowledge transfer within the alliance. This paper explores oligopoly models that capture this important link between knowledge transfer and partial equity ownership (PEO). We consider an industry consisting of n + 2 firms, where firm 1...

متن کامل

Partial Equity Ownership and Knowledge Transfer

When firms form an alliance, it often involves one firm acquiring an equity stake in its alliance partner. Such an alliance lessens the competition, but induces knowledge transfer within the alliance. This paper explores oligopoly models that capture this important link between partial equity ownership (PEO) and knowledge transfer. We consider an industry consisting of three firms, where firm 1...

متن کامل

Economic Determinants of the Correlation Structure Across International Equity Markets

This study investigates whether, how, and why the matrix of correlations across international equity markets changes over time. A theoretical model is proposed to specify potential economic determinants of this correlation structure. The empirical validity of this economic model is investigated by employing daily returns for different national stock indexes, from 1972 through 1993, to construct...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ژورنال

عنوان ژورنال: SSRN Electronic Journal

سال: 2009

ISSN: 1556-5068

DOI: 10.2139/ssrn.1441460