This study examines whether participation in Individual Development Accounts (IDAs) leads to a significant growth in assets beyond saving in the IDA accounts. Using a longitudinal experimental research design for low-income IDA participants, we test for impacts on five measures of assets: liquid assets, other financial assets, total financial assets, real assets, and total assets. Results show ...

The purpose of this paper is to analyze the risks of synthetic CDO structures and their sensitivity to model parameters. In order to measure these sensitivities, I also introduce the latest techniques in the pricing and risk management of synthetic CDOs. I show how to model the conditional and unconditional default distributions of a typical synthetic deal using a simple mathematical framework....

This paper presents results of research aimed at presenting the opinion of hospital managers about the influence of information and communication technologies development level (referred to as technological context) on the increase of health care entity intangible assets. Hospital intangible assets include knowledge, personnel skills, organizational structures and procedures, hospital reputatio...

In electric power transmission systems, the assets include transmission lines, transformers, power plants and support structures. Maintaining these assets to reliably deliver electric energy at low prices is critical for a nation’s growth and development. Towards this end, we describe a novel service-oriented architecture for sensing, information integration, risk assessment, and decisionmaking...

Consumers make transactions of different sizes over time. This paper shows that this fact, together with transaction costs of various assets, can help in developing a theory of liquidity. Assets with different cost structures are used to purchase different sizes of transactions. This can explain the demand for money itself, the precautionary demand for money, and the demand for cash and demand ...

We characterize the structure of Nash equilibria for a certain class of asset market games. In equilibrium, different assets have different returns, and (risk neutral) investors with different wealth hold portfolios with different structures. In equilibrium, an asset’s return is inversely related to the elasticity of its supply. The larger an investor, the more diversified is his portfolio. Sma...

When a financial institution relies heavily on debt finance, it may be tempted to engage in risk-shifting, deviating from efficient asset choice. We show that such risk-shifting incentives can be dampened by creating a two-subsidiary structure, where one subsidiary holds lower-risk assets and the other holds higher-risk assets; intuitively, this “insulates” lower-risk assets from higher-risk as...

In the resource-based view of strategy and in evolutionary economics, complementary assets play a crucial role in explaining sustainable competitive advantages and innovations. Despite the apparent importance of complementary assets for the understanding of corporate strategy, their creation and the associated managerial problems have been much less discussed. We believe this to be a major weak...

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companies must publish financial reports on time. when market information is more important and this information is used to shape more effective decision-making. although most companies, financial reports required by the authorities at intervals determined speak but at the same time, it can be claimed that the delay in publishing the financial reports of a company to another company, the differ...