排序方式: 共有33条查询结果,搜索用时 90 毫秒
1.
Thirion Isaline Reichert Patrick Xhauflair Virginie De Jonck Jonathan 《Journal of Business Ethics》2022,179(4):991-1010
Journal of Business Ethics - Investors with standard monetary preferences will give a fund manager incentives to increase firm profits, which can be achieved through a share in profits via carried... 相似文献
2.
This study finds evidence that three risk factors relating to the stock market, bond market, and real estate market are important in explaining the risk premiums included in financial institutions and bank stock returns. Stock returns for insurance companies are not sensitive to changes in the bond market. The Flexible Least Squares (FLS) results indicate that the stock market factor has the most important and stable impact on risk premiums for financial institutions, banks, and insurance companies. The bond market is the primary source of instability in stock returns for these three groups of stocks. This research adds further support for using market discipline, especially as it relates to equity returns to enhance the prudential regulation of the financial sector. 相似文献
3.
The results of a comparison of international banks using a three-factor multi-index model and a modified value-at-risk (VaR) analysis indicate that the use of options increases the interest rate beta for all banks, while both interest rate and currency swaps generally reduce risk. The results are the strongest and the most consistent for U.S. dealer banks, followed by European banks, and then Japanese banks. Furthermore, the evidence suggests that the VaR approach to risk management can effectively be used by both domestic as well as international banks, although the results appear to be somewhat sensitive to the regulatory environment in which the bank operates. 相似文献
4.
Multiple regression analysis has become increasingly popular when appraising residential properties for tax purposes. Alternatively, most fee appraisers and real estate brokers use the traditional sales comparison approach. This study combines the two techniques and uses multiple regression to generate the adjustment coefficients used in the grid adjustment method. The study compares the combined grid-regression method with ordinary regression and defines the market conditions under which each method is likely to be more effective. The grid-regression method is found to be more accurate for relatively homogeneous housing markets, and the multiplicative percentage adjustment method (MPAM) the preferred approach. 相似文献
5.
Dipl.-Kfm. Michael Reichert 《保险科学杂志》2013,102(3):219-236
The paper focusses on the repayment of the generated capital of the so called “Riester-Rente” from an individual investor’s point of view. Beginning with the contract formation tax and biometrical induced effects are influencing the advantageousness of the government-funded “Riester-Rente”. This paper shows that under certain circumstances an atypical capitalization of the personal pension plan at beginning of the retirement period is preferable to the “normal” refunding using annual pension payments. 相似文献
6.
Arndt Reichert 《Applied economics》2013,45(7):762-768
The classical Heckman (1976, 1979) selection correction estimator (heckit) is misspecified and inconsistent, if an interaction of the outcome variable with an explanatory variable matters for selection. To address this specification problem, a full information maximum likelihood (FIML) estimator and a simple two-step estimator are developed. Monte Carlo (MC) simulations illustrate that the bias of the ordinary heckit estimator is removed by these generalized estimation procedures. Along with OLS and ordinary heckit, we apply these estimators to data from a randomized trial that evaluates the effectiveness of financial incentives for reducing obesity. Estimation results indicate that the choice of the estimation procedure clearly matters. 相似文献
7.
The Malawi Social Cash Transfer Scheme (SCTS) was launched in 2006 to improve food security by directly providing cash transfers to the country’s most destitute households. Although government-implemented cash transfer schemes have gained popularity throughout Latin America, these schemes are just emerging in Africa. While where there is evidence of the beneficial impact of cash transfers on food security from Latin American countries, there is a dearth of evidence from resource poor countries in Africa. 相似文献
8.
Empirical studies examining the relationship between financial sector development and economic growth without including non-bank financial institutions (NBFIs) will likely generate biased empirical results. This study provides evidence that NBFIs can have a statistically significant negative impact on economic growth using cross-country data for both emerging and advanced countries. This finding suggests that these non-bank institutions, often loosely regulated, may introduce an excessive level of risk into the financial sector and the general economy. It is consistent with the current global financial crises where NBFIs, such as investment banks and insurance companies, introduced an excessive level of risk into the global economy. Hence, policy-makers may need to consider more timely and effective regulation of NBFIs and insure that adequate transparency and disclosure is provided to all financial markets participants. 相似文献
9.
Gerhard Reichert 《Marketing Review St. Gallen》2007,24(2):18-22
In der integralen Produktgestaltung werden innovative und kundennutzen-orientierte Produkte in einer ganzheitlichen Designqualit?t
entwickelt. Dazu arbeiten Designer, Ingenieure, Marketing- und Produktionsfachleute sowie Wissenschaftler gemeinsam methodisch
über den gesamten Entwicklungsprozess in interdisziplin?ren Teams. 相似文献
10.
A key issue in health care reform is the need to contain the inflation rate of the CPI for health care services without substantially
reducing the quality of health care. Althought the previous literature has widely debated the causes of increasing inflation
in the CPI for health care services, very little has been done to empirically test these arguments. We use an econometric
framework that allows us to expressly examine the determinants of the inflation rate of the CPI for health care services.
The data cover the period from 1960–1994. The main results provide empirical verification for many of the demand-side and
supply-side theories of the inflation rate of the CPI for health care services that have been widely discussed in the literature. 相似文献