PENGARUH FINANCIAL SOCIALIZATION DAN FINANCIAL EXPERIENCE TERHADAP FINANCIAL MANAGEMENT BEHAVIOR

Financial Risk Measurement for Financial Risk Management∗

Current practice largely follows restrictive approaches to market risk measurement, such as historical simulation or RiskMetrics. In contrast, we propose flexible methods that exploit recent developments in financial econometrics and are likely to produce more accurate risk assessments, treating both portfoliolevel and asset-level analysis. Asset-level analysis is particularly challenging becau...

Financial Depth – Financial Repression Linkage

Dynamic Financial Risk Management

For many years, financial markets have been part of people’s everyday life. Information on the major securities can be found easily in the daily press or on internet. The different actors of the economy look closely at some fundamental parameters, such as interest rates, currency rates, stock prices..., which may affect the management of their firms, especially after the deregulation process in...

Financial innovation and the management and regulation of financial institutions

New security designs, improvements in computer and telecommunications technology and advances in the theory of finance have led to revolutionary changes in the structure of financial markets and institutions. This paper provides a functional perspective on the dynamics of institutional change and uses a series of examples to illustrate the breadth and depth of institutional change that is likel...

Global Financial Management

Copyright 1999 by Alon Brav and Ernst Maug. All rights reserved. No part of this lecture may be reproduced without the permission of the authors. In this lecture we analyze the firm's capital structure and its impact on the value and returns of a company. Capital structure is defined as the composition of all the securities the firm issues in order to finance its operations. These securities ca...