This dissertation develops a regulatory framework for employee equity-based compensation at start-up companies. At first glance, equity-based compensation represents a break from the zero-sum game that typically characterizes the relationship between the "labor share" and the "c…
The objective of this thesis was to analyse the empirical applicability of the Arbitrage Pricing Theory to international asset markets (UK stock market and US stock market) and to identify the set of economic variables which correspond most closely with the stock market factors …
Nils Eikelmann describes the framework conditions for the application of value-based performance measures and critically analyses selected ones. The disclosure of value-based performance indicators is important in order to demonstrate the successful management of a company and t…
Julian Eibel studies the contribution of joint venture (JV) use as means of financing flexibility against the background of diverse financial restrictions in the institutional and regulated environment of the REIT Act. After reviewing JV motives for classical corporations, the r…
Julian Eibel studies the contribution of joint venture (JV) use as means of financing flexibility against the background of diverse financial restrictions in the institutional and regulated environment of the REIT Act. After reviewing JV motives for classical corporations, the r…
This book analyses and discusses bonds and bond portfolios. Different yields and duration measures are investigated for negative and positive interest rates. The transition from a single bond to a bond portfolio leads to the equation for the internal rate of return. Its solution…
Global finance from a Latin American viewpoint
by Organisation for Economic Co-operation and Development., Development Centre, Hausmann, Ricardo, Hiemenz, Ulrich, International Forum on Latin American Perspectives, Paris, France), Inter-American Development Bank
fromDevelopment Centre seminars
The Inter-American Development Bank and the OECD Development Centre created the International Forum on Latin American Perspectives as an annual meeting place of ideas and strategies from Latin America and from the OECD region. The tenth meeting of the Forum was held in Paris in …
Global finance from a Latin American viewpoint
by Organisation for Economic Co-operation and Development., Development Centre, Hausmann, Ricardo, Hiemenz, Ulrich, Inter-American Development Bank, International Forum on Latin American Perspectives, Paris, France)
fromDevelopment Centre seminars
The Inter-American Development Bank and the OECD Development Centre created the International Forum of Latin American Perspectives as an annual meeting place of ideas and strategies from Latin America and from the OECD region. The tenth meeting of the Forum was held in Paris in…
This book provides a hands-on, practical guide to understanding derivatives pricing. Aimed at the less quantitative practitioner, it provides a balanced account of options, Greeks and hedging techniques avoiding the complicated mathematics inherent to many texts, and with a focu…
This book provides a hands-on, practical guide to understanding derivatives pricing. Aimed at the less quantitative practitioner, it provides a balanced account of options, Greeks and hedging techniques avoiding the complicated mathematics inherent to many texts, and with a focu…
This study's objective is to provide new empirical capital market evidence on the impact of a unique natural experiment on a stock split policy which was decreed several years ago by the Saudi Arabian government. First, the capital market reaction to the government decreed stock…
This study examines the valuation of corporate diversification in three emerging countries: Thailand, Indonesia and the Philippines. Over the period of study (1992–2001 for Thailand and 1994–2001 for Indonesia and the Philippines), it is found that there is evidence of diversifi…
I investigate the impact of analyst following on real activity manipulation. Because analysts follow firms and serve as information intermediaries, analyst following should reduce earnings management through real activity manipulation. However, given the negative ramifications o…
While average levels of inflation have been constantly declining in the industrial countries, developing countries have been plagued with higher levels of inflation and inflation uncertainty. The adverse effects of inflation uncertainty on financial markets (Mexico 1986–89, Turk…
This paper analyzes the impact of foreign direct investment on domestic financial markets—more specifically on the credit constraints of domestic firms. It has been argued that FDI has a negative impact by crowding out domestic firms or by reducing profitability via product mark…